925 3rd St W
Zolfo Springs, FL 33890
River Hammock Ranch · Land For Sale · 147.00 AC

Frontage : 573’ on south side of SR 64; 1,975’ on south side of 3rd St Approximately 1325’ along the Peace River Development Potential: Zoning is AC, which will allow 4-acre ranchettes. Zoning could be changed to FR, which would allow 1-acre homesites or R1-A which will allow 2.68 units per acre. Either way, there is potential for taking advantage of the access to the Peace River. All utilities are available along 3rd Street and currently serve the ranch house and barn. The northernmost section along SR 64 is slightly lower than the rest and is within the flood plain. This area would need fill to be developed. Seller does not have a topographical survey. Assuming that a developer will layout the site with a lake or two, the dirt removed for the lakes should be enough to provide fill needed. Price: $1,495,000 Price per acre: $9,835 Post-closing, existing ranch house and barn on 5 - 10 acres could be sold separately. Comparable sales in the area would indicate a value of approximately $500,000 bringing the cost per acre/lot for the remainder down to under $7,000.