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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) WITH PRIOR APPROVAL 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 PUD AGREEMENT HAS BEEN APPROVED BY THE CITY OF EDGEWATER WITH A DURATION OF 30-YEARS. SITE ENGINEERING PLANS AVAILABLE UPON REQUEST. THE PUD AGREEMENT WAS PERMITTED TO BE A PRIVATE GATED COMMUNITY WITH EITHER SINGLE-FAMILY RESIDENTIAL UNITS AND/OR TOWNHOUSE/DUPLEX UNITS AND PERMITS GOLF CARTS. HAD A DENSITY OF 3.09 UNITS/ACRE. LOTS ARE PERMITTED TO ADD THEIR OWN PRIVATE SWIMMING POOL. PUD AGREEMENT 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 ZONING. MUNICIPAL WATER/SEWER INFRASTRUCTURE IS ADJACENT TO THE DEVELOPMENT.

4220 S Ridgewood Avenue | MLS# NS1085868

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 www.watsonrealtycorp.com today.

Property Features

Property Type: Land - Multiple
Lot Size: 44.20 Acres
Taxes: $4,472

Feature Descriptions

Days on Site: 239
Directions: DIRECTIONS â?? I-95 TO SR442/INDIAN RIVER BLVD. - EAST TO RIDGEWOOD/US1 â?? SOUTH TO ADDRESS- PARCEL SOUTH OF RESTAURANT
Flood Zone Code: x
Home Warranty Y/N: No
Lot Dimensions: 44.2
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: See Remarks
Special Sale Provisions: None
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Water: Public
Water Access Y/N: No
Zoning: 01B4

Local Schools

High School: New Smyrna Beach High
Middle School: New Smyrna Beach Middl
Elementary School: Indian River Elem

Listed By / Shown By

Listed By

Agency Name: THE BARNETT GROUP, INC.
Agency Contact: 386-426-7234

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

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Estimated Payment

$ 18,021.76 per month $16,686.60 Principal & Interest $372.67 Property Tax $962.50 Homeowner's Insurance

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