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In-PersonVirtual Tour
$ 43,900
Est. payment | /mo
1.23 Acres Lot
$ 43,900
Est. payment | /mo
1.23 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Fred Bishop
MLS Listing ID A11932774
HOA Y/N No
Annual Tax Amount $193
Tax Year 2025
Lot Size 1.230 Acres
Acres 1.23
Property Sub-Type Residential
Property Description
Prime residential lot opportunity in Inverness, Citrus County.
Situated near local recreation with a park approximately 0.46 miles away and Rutland Park just 0.91 miles away, plus convenient access to highways around 2.01 miles. Additional nearby locations include Sumter Air & Heat Inc (1.98 miles) and Decco Crete LLC (1.81 miles). The lot is located in Flood Zone AE, a high-risk Special Flood Hazard Area (SFHA) with a 1/100 annual chance of flooding. Building requires elevation of the lowest floor above the Base Flood Elevation (BFE), use of flood-resistant materials, and mandatory flood insurance. Development may face strict local permitting, restrictions on fill dirt or structures in the floodway, and increased construction costs (often 10-20% higher). There is also Wetland Impact (Stream and Lake Swamps/Bottomland), indicating protected wetlands under the Clean Water Act. Development typically requires a Section 404 permit from the U.S. Army Corps of Engineers and state environmental review. Building is often restricted or prohibited; if allowed, expect mandatory mitigation, environmental assessments, and possible loss of buildable acreage. This can delay projects and add substantial costs.
Buyer should verify zoning, setbacks, utility availability, flood/wetland requirements, and development limitations with Citrus County. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
Situated near local recreation with a park approximately 0.46 miles away and Rutland Park just 0.91 miles away, plus convenient access to highways around 2.01 miles. Additional nearby locations include Sumter Air & Heat Inc (1.98 miles) and Decco Crete LLC (1.81 miles). The lot is located in Flood Zone AE, a high-risk Special Flood Hazard Area (SFHA) with a 1/100 annual chance of flooding. Building requires elevation of the lowest floor above the Base Flood Elevation (BFE), use of flood-resistant materials, and mandatory flood insurance. Development may face strict local permitting, restrictions on fill dirt or structures in the floodway, and increased construction costs (often 10-20% higher). There is also Wetland Impact (Stream and Lake Swamps/Bottomland), indicating protected wetlands under the Clean Water Act. Development typically requires a Section 404 permit from the U.S. Army Corps of Engineers and state environmental review. Building is often restricted or prohibited; if allowed, expect mandatory mitigation, environmental assessments, and possible loss of buildable acreage. This can delay projects and add substantial costs.
Buyer should verify zoning, setbacks, utility availability, flood/wetland requirements, and development limitations with Citrus County. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
Location
State FL
County Citrus
Community Fred Bishop
Area 5940 Florida Other
Exterior
Private Pool Yes
Building
Faces North
Others
Tax ID 21E19S16 4E000 0010
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11932774
Listed by Sunland Real Estate, LLC.
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