Lake Emma, Longwood, FL 32750

RENEGOTIATED!

Price WAS: $659,000

Now ONLY: $645,000!

no images were found

Please call to set up an appointment before driving by so we can inform the seller.  

This deal is not for the average investor, so if you’re looking to up your game, opportunity is knocking. Will you answer the call? 

This unique property presents an even more unique opportunity. Here we have a massive 4,000 square foot Mexican-style hacienda with 4 bedrooms and 2.5 baths sitting on 2.91 ACRES in Longwood that backs up to a beautiful lake.

The play here is where this gets interesting: you have the opportunity to build your very own SUBDIVISION. Bulldoze the existing structure, configure the lots, and start building beautiful lakefront homes. The only real issue is that there were apparently 2 spots on the property that have been noted as having some sort of settlement/sinkhole activity. We have personally walked the property and see absolutely no depressions or settlement/foundation issues on the home, and the seller isn’t even sure of where they are, but they are apparently there, which is essentially why the seller is selling the house.

We are in preliminary discussions with Seminole County to verify exactly how many houses can be built on the land. We’ve sent an application to separate the lots and are still awaiting final word from them, but preliminary conversations suggest we can build 4 houses per acre, which allows for the possibility of 8-12 homes. There is also the possibility of joining the neighboring subdivision and their HOA. At this price, each lot costs $82k each at 8 lots. That figure jumps all the way down to $55k per lot at 12 lots. We will provide updates as we continue to hear back from Seminole County. It’s time to create your own neighborhood.