9881 SW Lettuce Lake Ave - Lettuce Lakes

LSI Companies is pleased to present Lettuce Lakes, a 35.15± acre residential development opportunity, with approvals for a 208-unit town home project. Strategically situated in a high-growth corridor between Arcadia and Punta Gorda, the property is in close proximity to three new residential communities currently in the permitting stage, all of which are being developed by nationally recognized homebuilders. This strategic positioning underscores the area’s rapid growth, making it an ideal site for future development.
Located less than 2 miles from US Highway 17, and just off the Peace River, the site benefits from an active ERP and existing infrastructure. This includes partially completed roadways with water and sewer lines in place, providing significant advantages for streamlining construction. Additionally, the property would be conveyed with 113 water Equivalent Residential Units (ERUs) and 213 wastewater ERUs, providing critical utility capacity necessary for infrastructure development.
The current zoning, RMF-6, allows for single-family, multifamily, and assisted living facilities at 6 units per acre, totaling 211 units across the two parcels. With an active ERP, development approvals in place, ERUs secured, and favorable zoning, Lettuce Lakes is an exceptional opportunity to meet the rising demand for new housing in this rapidly growing market.