4220 RIDGEWOOD, EDGEWATER, FL, 32141 — photo 1
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4220 RIDGEWOOD, EDGEWATER, FL, 32141

$3,300,000

44.20 Acres

About This Property

44.2-ACRE PLANNED UNIT DEVELOPMENT (PUD) WITH PRIOR APPROVAL FOR 109 RESIDENTIAL UNITS WITH A LAKE AND 4.7-ACRES OF COMMERCIAL PARCEL WITH 688 FEET OF RIDGEWOOD/US 1 FRONTAGE. THE LOCATION IS A GROWING AREA OF EDGEWATER. IT IS ALSO ACROSS THE STREET FROM A FUTURE PARK THAT WILL HAVE PARKING AND BOAT RAMPS LAUNCHING INTO THE INDIAN RIVER ADJACENT TO THE MOSQUITO LAGOON WHICH IS KNOWN FOR AS BEING THE REDFISH CAPITAL. ONLY A 15-MINUTE DRIVE TO THE BEACHES, 30-MINUTES TO DAYTONA BEACH, 45-MINUTES TO KENNEDY SPACE CENTER AND JUST A LITTLE OVER 1-HOUR TO ALL THE CENTRAL FLORIDA THEME PARKS. THE PUD AGREEMENT HAS BEEN APPROVED BY THE CITY OF EDGEWATER WITH A DURATION OF 30-YEARS. SITE ENGINEERING PLANS AVAILABLE UPON REQUEST. THE PUD AGREEMENT WAS PERMITTED TO BE A PRIVATE GATED COMMUNITY WITH EITHER SINGLE-FAMILY RESIDENTIAL UNITS AND/OR TOWNHOUSE/DUPLEX UNITS AND PERMITS GOLF CARTS. HAD A DENSITY OF 3.09 UNITS/ACRE. LOTS ARE PERMITTED TO ADD THEIR OWN PRIVATE SWIMMING POOL. PUD AGREEMENT REQUIRED FOR THREE ACTIVE AND PASSIVE RECREATION AREAS INCLUDING A COMMUNITY CLUBHOUSE WITH A SWIMMING POOL. THE INCLUDED 4.74-ACRE COMMERCIAL PARCEL IS ADJACENT TO THE RESIDENTIAL DEVELOPMENT IS WITH THE BENEFITS OF B-3 ZONING. MUNICIPAL WATER/SEWER INFRASTRUCTURE IS ADJACENT TO THE DEVELOPMENT.

Status

Active

Listed By

THE BARNETT GROUP, INC.

Days on Market

5

Mortgage Calculator

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Est. Monthly Payment

$19,091

30-yr fixed · 20% down · 6.875%

Principal & Interest$17,343
Property Tax (actual)$373
Est. Home Insurance~0.5% est.$1,375
Total / month$19,091
Loan amount$2,640,000

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

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MLS# 9dfdb001efb586696364b0b7edd35ab6

Location