Happy Hill Rd
Dade City, FL 33525
Summit View - Single Family Site · Land For Sale · 135.35 AC

The approved Construction Plans divide the project into two phases. Phase One contains (52) Townhome/townhouse Units and (123) Single Family Detached Lots; Phase Two contains (52) Townhome/townhouse Units and (179) Single Family Detached Lots. However, the lot mix is in process to change to all single family detached. 40 ft and 50 ft lots with 5 foot side set back. (It is possible that an intervening successful bid of either type could halt the lot mix change as the timing is such that the seller will not have the proposed changes to the lot mix finalized before the close of the bid period.) 363 BANKRUPTCY AUCTION - Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the unique opportunity to acquire the unsold developer inventory, and other assets of Summit View 135.35 AC site, in Dade City, Florida, pursuant to a Section 363 Bankruptcy auction. The property will be delivered free and clear of liens and claims. * Minimum Bid: $5,600,000.00 cash / Lot Sale - equal or greater than a base purchase price for a 40’ lot of $41,000.00 and for a 50’ lot of $51,000.00 * Minimum Incremental Bid: Cash Purchase - $10,000.00 or more (sec 12g) / Lot Sale - increments of $500 per lot * Minimum Deposit: Cash Purchase - $75,000 / Lot Sale - $350,000 (sec 12e) * Bid DEADLINE: by 4:00 PM on the date that is forty-five (45) days after the Order Approving Bid Procedures is entered by the Court * Auction Date: five (5) business days after the Bid Deadline Auction Location: In the event bids are received, Debtor’s counsel shall file a notice with the Court and is authorized to conduct an auction either at his offices located at Johnson Pope Bokor Ruppel & Burns, LLP, 401 East Jackson Street, Suite 3100, Tampa, Florida 33602 or via video conference.