Multi-Family $ 699,900

589 S LEONA AVE

Lecanto, FL 34461

  • 7.36 Lot Size
  • - Year Built
Prime development opportunity in the heart of Lecanto! This 7.36-acre parcel offers a rare combination of size, zoning, and location, making it ideal for a residential or workforce housing community. Zoned MDR-MH (Medium Density Residential – including mobile homes), the property provides flexibility for a variety of development options including a mobile home park, tiny home community, or small rural subdivision.

The property features approximately 331 feet of road frontage and nearly 1,000 feet of depth, creating an ideal layout for a thoughtfully designed community with internal road circulation. A conceptual site plan envisions up to 28 homesites arranged around a private oval roadway with a dedicated entrance off S Leona Ave, incorporating infrastructure such as street lighting, centralized mail stations, and fire hydrant access.

The property is currently has a improved with an existing 3,600 SF residence and multiple structures with no contributory value and need to be demolished, offering flexibility for redevelopment or interim use. The land is partially cleared with mature trees providing natural privacy buffers, while the surrounding area reflects a mix of residential uses. The highest and best use is to capitalize on the existing mobile home zoning and meet the growing demand for affordable housing in the area.

Located in a rapidly growing area of Citrus County, the property benefits from strong population trends and increasing demand for attainable housing options. Additionally, the property is situated in Flood Zone X, minimizing flood risk concerns for future development.

This is a compelling opportunity for builders, investors, or developers seeking to unlock the full potential of a well-located, properly zoned development site.
Listed by LPT REALTY, LLC

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Active

    Purchase Type For Sale

    Subdivision Mayfield Acres Unrec

    MLS Listing ID O6395290

    HOA Y/N No

    Annual Tax Amount $1,813

    Lot Size 7.360 Acres

    Acres 7.36

    Lot Dimensions 331x979

    Property Sub-Type Multi Family

    Source Stellar MLS

  • Location

    State FL

    County Citrus

    Community Mayfield Acres Unrec

    Area 34461 - Lecanto

    Zoning MDRMH

  • Building

    Lot Description Buildable

    Lot Size Range 5 to less than 10

    Sewer Septic Needed

    Water Well

  • Exterior

    Fence Partial

    Utilities Available Electrical Nearby, Water Available, Water Nearby

    View Y/N No

    Water Access No

    Exposure North

  • Schools

    Elementary Schools Forest Ridge Elementary School

    Middle Schools Lecanto Middle School

    High Schools Lecanto High School

  • Others

    Ownership Fee Simple

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition None

    Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6395290

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