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4220 S Ridgewood Avenue, Edgewater, FL 32141

$3,300,000

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Property Description

44.2-acre Planned Unit Development (PUD) that had previous approvals for 109 residential units with a lake and 4.7-acres of commercial parcel with 688 feet of Ridgewood/US 1 frontage. The location is a growing area of Edgewater. It is also across the street from a future park that will have parking and boat ramps launching into the Indian River adjacent to the Mosquito Lagoon which is known for as being the Redfish Capital. Only a 15-minute drive to the beaches, 30-minutes to Daytona Beach, 45-minutes to Kennedy Space Center and just a little over 1-hour to all the central Florida theme parks. The previously approved PUD agreement has since expired but is a beginning framework to work from. Site engineering plans available upon request. The PUD Agreement was permitted to be a private gated community with a mix of single-family residential units and townhouse/duplex units and permitted golf carts within the private community. Had a density of 3.09 units/acre. Lots were permitted to add their own private swimming pool. The PUD plans required for three active and passive recreation areas including a community clubhouse with a swimming pool. The included 4.74-acre commercial parcel is adjacent to the residential development is with the benefits of B-3 commercial zoning. Municipal water/sewer infrastructure is adjacent to the development.

4220 S Ridgewood Avenue | MLS# 1225755

This land located at 4220 S Ridgewood Avenue, Edgewater, FL 32141 is currently listed for sale with an asking price of $3,300,000. The property has approximately 44.20 Acres. Search Edgewater real estate on katherinef.watsonrealtycorp.com today.

Property Features

Property Type: Land - Commercial
Lot Size: 44.20 Acres
Taxes: $4,770

Feature Descriptions

Directions: I-95 TO SR442/INDIAN RIVER BLVD. - EAST TO RIDGEWOOD/US1 - SOUTH TO ADDRESS- PARCEL SOUTH OF RESTAURANT
Listing Terms: Cash, Conventional
Lot: Corner Lot, Split Possible, Other
Lot Dimensions: 44.2 ACRES
Parcel #: 8424-00-00-0038
Property Attached Y/N: No
Property Sub-Type: Unimproved Land
Road Frontage: City Street, Highway
Road Surface: Asphalt
Sewer: Public Sewer
Utilities: Electricity Available, Sewer Available, Water Available
Water: Public

Local Schools

High School: New Smyrna Beach
Middle School: New Smyrna Beach
Elementary School: Edgewater

Listed By / Shown By

Listed By

Agency Name: The Barnett Group Inc.

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Estimated Payment

$ 18,046.60 per month $16,686.60 Principal & Interest $397.50 Property Tax $962.50 Homeowner's Insurance

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