Residential Property - Single Family Residence in Palmetto
Listing Price: $2,800,000 (Mortgage Calculator →)
Description of Property
Calling all developers and investors! This property is a hidden gem and a fantastic investment opportunity. With 7.8 acres of cleared land spread across 3 parcels (1.275, 2, and 5+), this property is ideal for future R6 subdivision. Located on the ever-expanding Moccasin Wallow Road, this property boasts easy access to I75 and I275, making it a highly desirable location for development. The property features a modern office building constructed in 2018, currently used as office space but can easily be converted into a cozy 2 bedroom, 1.5 bathroom residence. With 1,600 square feet under air, steel beam construction, a metal roof, a full kitchen, and high vaulted ceilings, this home/office is built to last. The property also comes equipped with a generator for backup power. A long, asphalt driveway leads to the home/office, which overlooks a picturesque pond located at the back of the property. Currently used for irrigation and water retention, this pond adds to the property's charm and offers potential for further development. With the possibility of converting this property into an R6 subdivision, the potential for over 40 homesites is within reach. Moccasin Wallow Road is a rapidly growing area, and this property is perfectly positioned to take advantage of its expansion. Whether you're looking to create a future sales office, a community building, or a property management office, the possibilities are endless. Don't miss out on this fantastic investment opportunity. Schedule your showing today and see for yourself the potential that awaits!















Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Palmetto
County: Manatee
Subdivision: Acreage
Bedrooms: 2
Bathrooms: 1
Half Baths: 1
Sq. Ft. Gross: 2,560
Sq. Ft. Living Area: 1,600
Cost per (heated) sqare foot: $1,750
Year built: 2018
Annual Tax: $4,120
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Interior Features:
- High Ceiling(s)
- Kitchen/Family Room Combo
- Living Room/Dining Room Combo
- Open Floorplan
- Thermostat
- Vaulted Ceiling(s)
- Window Treatments
Appliances:
- Dishwasher
- Microwave
- Range
- Refrigerator
Window Features: Blinds, Window Treatments
Additional Rooms: Den/Library/Office, Great Room
Flooring: Carpet, Ceramic Tile
Pool & Waterfront Info
Private Pool: Not specified
Water Access: Not specified
Exterior & Construction
Architectural Style: Custom
Rooms: 3
Construction: Metal Frame
Foundation: Slab
Roof: Metal
Exterior Features: Irrigation System, Storage
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Patio & Porch Features: Patio
Other Structures: Other, Storage
Utilities:
- Cable Connected
- Electricity Connected
- Other
- Sprinkler Well
- Underground Utilities
- Water Connected
Sewer: Septic Tank
Water Source: Well
Lot Information
Lot Features: Cleared, In County
Lot Size (acres): 5.27
Lot Size (sq. ft.): 229,561 square feet
Front Exposure: East
Legal Description & Other Information
Financing Available: Cash, Conventional, Other
Parcel Number: 613201259
Zoning: A-1
Tax Legal Desc.: COM AT THE SW COR OF W1/2 OF THE NW1/4 OF SEC 17, TWN 33S, RNG 18E; TH N 00 DEG 12 MIN 42 SEC W ALONG THE W LN OF SD W1/2, A DIST OF 792.74 FT FOR A POB; TH CONT N 00 DEG 12 MIN 42 SEC W, ALONG THE W LN OF SD W1/2, A DIST OF 340.21 FT; TH S 89 DEG 44 MIN 36 SEC E 666.07 FT; TH S 00 DEG 12 MIN 38 SEC E 349.29 FT; TH N 88 DEG 57 MIN 45 SEC W 666.20 FT TO THE POB. TOGETHER
Listing courtesy of FLORIDA SUNCOAST REAL ESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.