This is a seriously incredible opportunity that you just don’t want to miss. Here are 2 large lots adjacent to each other that surround a lake. As of 2016, the city was allowing a lot split into 3rds. It would be a 1/2 acre lot, a 2.071 acre lot, and a 4.567 acre lot. That was 7 years ago though, so with the housing shortage being like it is, I would not be the least bit surprised to see that they would allow for more of a split now.
Out of the 7 new builds in the 32810 zip code, only one is on water (Kind of), and sold for 262/sf (1,372 sf on 0.16 acres). You don’t have anything that would be like these could be, so pricing on the back end is not super easy to determine. Inside of the surrounding area, existing construction resales range upwards of 247/sf.
Pun intended, any way you slice it, this is an amazing opportunity for a builder looking for a new project. Letter from the city and a survey can be provided. Please call us with any questions.