2613 Shephard St - 4.36 AC | 18 SFR LOTS | RARE OPPORTUNITY 4.36 Acres of Residential Land Offered at $227,000 in Inverness, FL 34452

Portfolio opportunity to acquire eighteen residential lots within Inverness Village Unit 3 in Inverness, Florida, strategically positioned immediately behind the successfully developed Clearwood Street corridor. This offering represents the next logical phase of residential development in an area that has already demonstrated strong builder absorption and verified exit values.
Recent activity along adjacent Clearwood Street provides clear proof of concept. Just SOLD a newly constructed single-family home in the mid-$330,000 range and twenty-two finished lots were acquired by a regional homebuilder in a bulk transaction. That execution validates both builder underwriting and end-user demand within this submarket. The
Shepherd/Longwood Street lots now present an opportunity to control the next block of buildable inventory at a significantly lower land basis.
The full portfolio of eighteen lots is offered at $227,000. The pricing reflects current infrastructure conditions while preserving margin potential consistent with nearby executed development. This is not speculative entitlement land; it is platted residential inventory within an established subdivision with proven nearby sales and active builder participation.
Public water and sewer capacity has been confirmed by the City of Inverness. New hydrants and sewer lift stations were installed at the end of the road to service the adjacent Clearwood Street development, providing confirmed utility availability within close proximity. The lots are not yet individually connected to utilities, and Shepherd/Longwood Street is currently unpaved. These conditions are reflected in the portfolio pricing and create a value-driven entry point for builders seeking to manage infrastructure improvements at scale.
City staff has indicated a willingness to cooperate with future development and to assess roadway and infrastructure improvements across benefiting lot owners along the corridor. This shared assessment approach aligns with phased development strategies and supports coordinated improvement rather than isolated lot-by-lot upgrades.
Zoned LD/R1 (Low Density Residential), the property allows for single-family detached residential construction consistent with surrounding development. Lot sizes and subdivision layout conform to established neighborhood patterns, and the surrounding area already demonstrates vertical construction viability, financing acceptance, and retail buyer depth.
This offering is ideally suited for:
-Production builders seeking phased inventory in a proven corridor
-Regional builders expanding footprint in Citrus County
-Small developers pursuing controlled vertical rollout
-Investors seeking to entitle, improve, and resell finished lots
The adjacent Clearwood Street development has already reduced market risk by proving absorption, pricing, and infrastructure feasibility. This portfolio represents the opportunity to capitalize on that established momentum at an attractive land basis.
Clean title. Platted lots. Verified nearby execution. Scalable development potential.