Development Ready Lakefront Subdivision Grand Oaks, Avon Park, FL. 33825
Located in Avon Park, Florida (Highlands County), Grand Oaks subdivision is a shovel-ready SFR development, on City water and sewer. Full infrastructure was finished in 2009, including paved roads, curbs and gutters, street lights and amenities. The development includes 26 lakefront lots on Lake Damon. City authorities are anxious to develop the project, evidenced by the abatement of impact fees.
Total lots in the subdivision: 126
Lots NOT included in this package: 21 (These 21 lots have been previously sold to miscellaneous individuals. Many of these
owners are open to selling their lots.)
Total developed SFR lots offered: 105 (26 lakefront lots + 79 interior lots)
Community features: Electronic community gate, Perimeter privacy wall, Community pool, Community dock,Community boat ramp.
Comparable sale prices substantiate a conservative exit price of approximately $155 PSF. It is worth noting, the adjacent new home subdivision by Southern Homes, Twin Lakes Pointe, has been sold out since 2020.
The property was originally approved for SFR development, as currently platted on the Highlands County records. In 2014, the prior owner filed and recorded a PUD ordinance which included an assisted living facility in the South section of the property (Phase 2). The PUD is now being dissolved to return the project to its original use (SFR development). Final City approval is expected to occur on Monday, August 9, 2021. Buyer must be prepared to close on or before Friday, August 13, 2021, following City approval.