Your email has been sent.
23196 MONDON HILL Rd - 425+- ac for 999 Units in Brooksville 425 Acres of Residential Land Offered at $7,000,000 in Brooksville, FL 34601
EXECUTIVE SUMMARY
improvements have been completed. The city paid for the sewer and water and made a saving of as much as $1,000,00 to the development of Majestic Oaks. This listing has a Dual Variable Commission rate.
LOCATION DESCRIPTION - Majestic Oaks land opportunity located adjacent to the Brooksville Golf & Country Club. Access is US 41 northeast of Downtown Brooksville, east on Croom Road and follow signs to -Country Club. Access is also from the south via a lighted intersection at SR 50 and Jasmine Dr. to Mondon Hill Road north to Majestic Oaks. South of the site, Oak Hill hospital on
Cortez Blvd is expanding with a $38.5 million addition of 70 new rooms, bringing the total to 350 beds. Northwest of Majestic Oaks, a new extension of Suncoast Parkway from US 98 -to SR 44 (see map) is currently underway and is expected to be completed in 2022.
The growth of residential starts has caught up to Hernando County. Permits were as low as 150 units in 2011, jumped to 615 in 2016, and 965 in 2017. The County reports that for the fiscal year 2018 that started in October has the first month at 103 single-family permits. County officials are thinking that 100-150 single family permits a month is sustainable pace.
According to the Tampa Bay Reporter, with the rapid growth in Hernando, three manufacturers will receive incentives worth up to $500,000. In exchange, the companies will invest millions in expansion and bring at least 92 jobs to Hernando County.
MUNICIPALITY - City of Brooksville (See Impact Schedule on Page 10)
PROPERTY SIZE - 425.0 Acres
ZONING - PDP
FUTURE LAND USE - PDP, Planned Development Project , Residential, Commercial, and Recreational uses
Zoning for 919 single family units and on 425+- acres.
PROPERTY OWNER - Majestic Oaks Partners, LLC, and Majestic Oaks Developers LLLP
PRICE -$7,000,000 (919 units @ $7,617/unit)
This has a variable rate commission.
PROPERTY FACTS Under Contract
| Price | $7,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 425.00 AC |
| Property Type | Land | ||
| Zoning | PDP - PLANNED UNIT DEVELOPMENT | ||
| Price | $7,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 425.00 AC |
| Zoning | PDP - PLANNED UNIT DEVELOPMENT |
1 LOT AVAILABLE
Lot
| Price | $7,000,000 | Lot Size | 425.00 AC |
| Price Per AC | $16,470.59 |
| Price | $7,000,000 |
| Price Per AC | $16,470.59 |
| Lot Size | 425.00 AC |
DESCRIPTION
Majestic Oaks is a rolling 425 acres located adjacent to Brooksville Golf & Country Club in Hernando County, just north of Tampa, Fl via I-75 or Suncoast Parkway. It is entitled for 999 residential units and some commercial. LOCATION DESCRIPTION Majestic Oaks land opportunity located adjacent to the Brooksville Golf & Country Club. Access is US 41 northeast of downtown Brooksville, east on Croom Road and follow signs to Country Club. Access is planned also from the south via Mondon Hill Road north from SR 50. MUNICIPALITY - City of Brooksville PROPERTY SIZE - 425.0 Acres ZONING - PDP FUTURE LAND USE - PDP, Planned Development Project , Residential, Commercial, and Recreational uses Zoning for 919 single family units and 80 multi-family units for a total of 999 residential units on 425+- acres.
PROPERTY TAXES
| Parcel Number | R24-422-19-0000-0040-0010 | Improvements Assessment | $0 |
| Land Assessment | $1,103,460 | Total Assessment | $1,103,460 |
PROPERTY TAXES
Presented by
23196 MONDON HILL Rd - 425+- ac for 999 Units in Brooksville
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.