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Pinewood Dr - 3.67 Acre Development Site for 28 Townhomes
3.67 Acres of Residential Land Offered at $650,000 in New Port Richey, FL 34652
Investment Highlights
- Approved site plans for a 28 townhome development
- Seller has already started the permitting process
- Opportunity to obtain land below appraised value
- Comprised of 20 parcels with FLU MDR-14 zoning
- Located immediately off of US Highway 19
- Seller financing available
Executive Summary
The area is experiencing significant revitalization, with nearby projects such as the upscale Aqua Harbor condominium complex and a new rooftop bar hotel adding to the allure. Just minutes away, a national developer is planning a 388-unit multi-family residence project, Anchor at Gulf Harbors, among others, further signaling the strong demand.
**SELLER FINANCING AVAILABLE**
Property Facts
| Price | $650,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 3.67 AC |
| Price | $650,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 3.67 AC |
1 Lot Available
Lot
| Price | $650,000 | Lot Size | 3.67 AC |
| Price Per AC | $177,112 |
| Price | $650,000 |
| Price Per AC | $177,112 |
| Lot Size | 3.67 AC |
This 3.67-acre vacant multifamily parcel comprised of 20 parcels located in New Port Richey offers a prime investment opportunity. Conveniently located immediately off US HWY 19, this site is zoned PDD and comes with approved plans for a 28 townhomes
Description
This 3.67-acre PRIME vacant land comprised of 20 parcels on Pinewood Dr in the Timber Woods subdivision of New Port Richey is a rare and valuable investment opportunity located off US Highway 19 with direct access via Avery Road. This site has been recently zoned PDD (REZ2022-04), with approved plans for a 28 unit townhome development. The parcel has 0.4 acres of conservation area, ensuring maximum usable space for residential development. Situated in a Flood Zone AE, the current architectural design has the living quarters elevated over 10 feet to mitigate flooding potential while maintaining functionality. Utilities such as water, sewer, and electricity are nearby and accessible. The seller has already begun the permitting process and has architectural drawings available for review. Buyer will be responsible for SWFWMD permit and tree mitigation. Growth Potential: New Port Richey’s proximity to the Tampa-St. Petersburg-Clearwater metro area and ongoing infrastructure improvements are driving population growth. As the area continues to evolve, it is expected to attract both renters and buyers seeking market rate and affordable housing options within a short commute to larger urban centers. **SELLER FINANCING AVAILABLE** DUE DILIGENCE DOCUMENTS AVAILABLE: Site Plan Wetland Delineation Survey Architectural Designs Most Recent Appraisal Landscape Plans Demo, Utility, Sewer Plans Rezoning Ordinance and Plan Approval Future Land Use Map Floor Plan Exterior Rendering
zoning
| Zoning Code | PDD (This site is zoned PDD and comes with approved plans for a 28-unit townhome development. City future land use allows for more density as MDR-14.) |
| PDD (This site is zoned PDD and comes with approved plans for a 28-unit townhome development. City future land use allows for more density as MDR-14.) |
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Pinewood Dr - 3.67 Acre Development Site for 28 Townhomes
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