22374 CORTEZ, BROOKSVILLE, FL, 34601 — photo 1
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22374 CORTEZ, BROOKSVILLE, FL, 34601

$7,500,000

370.00 Acres

About This Property

370 Acres (mol) with frontage on busy Cortez Blvd (SR 50) and Emerson Road that is currently zoned Agriculture, and has 4 parcels all being sold together. Multifamily and Single Family Development opportunity with the Master Plan to be reactivated for rezoning of approximately 88 acres with a Flood Zone of X. (Other 3 parcels are AE) The Master Plan that was approved for rezoning to CPDP by Hernando County has since expired. It was originally approved for a 263 unit with combined single family and multifamily housing development with a mix of 6,600 sf and 1 acre lots. This beautiful property has rolling hills, open meadows, has a nice variety of trees, and a small amount of frontage on the lake. Included with this land is a 4 bedroom home with a pool set on top of the highest point of the property and has incredible views. There are remains of older farm buildings that are not being used. Key#: 01249358,00362280,00362057,01355599 Being Sold As Is.

Status

Active

Listed By

COASTAL PROPERTIES GROUP INTERNATIONAL

Days on Market

1032

Mortgage Calculator

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Est. Monthly Payment

$42,890

30-yr fixed · 20% down · 6.875%

Principal & Interest$39,416
Property Tax (actual)$350
Est. Home Insurance~0.5% est.$3,125
Total / month$42,890
Loan amount$6,000,000

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# fe9b8dcc3aacef7e455d632b1ed120d2

Location