651 North Old Hiatus - VILLASENOR ESTATES - Four 1.1 Acres Lots

5 Acres of Residential Land Offered at $4,459,000 in Plantation, FL 33325

Executive Summary

Rare Investment Opportunity to purchase a combined portfolio of approx 5 Acres in Plantation Florida. The owner has already subdivided the area into 4 large 1.1-acre lots. Located in the prestigious community of Central Acres and surrounded by large acre homes priced at $1 - 5 million. Perfect opportunity for Developers/ Home Builders. Lots can also be combined to create one huge home or equestrian horse ranch. The current home is approx 4,000 sq ft with a pool. The home may need work but once renovated can be used for Airbnb / Short term rentals. Stables and shed in the back. Tenant Occupied at $3000 a month. This is an opportunity to make an income while developing the land. Amazing Location inside an already thriving community.

Property Facts

Price $4,459,000
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 5.00 AC

1 Lot Available

Lot

Price $4,459,000
Price Per AC $891,800.00
Lot Size 5.00 AC

Total of 5 acres subdivided into four 1.1 acre lots. Home onsite lot with possible Airbnb / Short term Rent revenue.

zoning

Zoning Code Multi Family (Multi Family)
  • Listing ID: 28681898

  • Date on Market: 10/13/2022

  • Last Updated:

  • Address: 651 North Old Hiatus, Plantation, FL 33325