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Jeramiah Bustin

jeramiah.bustin@engelvoelkers.com +1(813) 857-2120

$ 7,496,000

Est. payment -/mo

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Active

7759 N FREEMANTLE WAY Dunnellon, FL 34433

368 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved

Listing Status Active

Purchase Type For Sale

Subdivision Equestrian Estates Unrec

MLS Listing ID OM716776

HOA Y/N No

Annual Tax Amount $852

Lot Size 368.000 Acres

Acres 368.0

Lot Dimensions 2400x2670

Property Sub-Type Unimproved

Source Stellar MLS

Property Description

Presented for acquisition is a rare, high-and-dry ±368-acre land assemblage with three points of legal road access in Citrus County, Florida, strategically positioned within the Tampa–St. Petersburg MSA—one of the nation's fastest-growing regions with over 3.3 million residents. Citrus County continues to capture value-driven in-migration as growth expands north from Tampa. The property offers strong regional connectivity, located minutes from Crystal River, Lecanto, Homosassa, Inverness, and the Ocala MSA. Access is further enhanced by the recently extended Suncoast Parkway, a $180 million state investment now reaching CR 486 with planned continuation toward US-19, placing the final expansion corridor near the site. Zoned RUR/MH, the assemblage sits between higher-density growth corridors and surrounding agricultural and conservation lands. The site includes 41 previously platted single-family lots averaging ±1.5 acres, providing near-term monetization potential. Remaining acreage supports residential development at one unit per ten acres, with density increases to one unit per five acres achievable through a Planned Unit Development (PUD). Permitted uses include single-family residential, agricultural operations, and water and wastewater utility facilities, with additional conditional uses such as assisted living, attached housing, communications infrastructure, and community-serving facilities—significantly expanding development optionality. Citrus County is actively advancing comprehensive plan updates under its 2050 Vision, transitioning away from legacy DRI structures toward expanded Public Service Areas and flexible development agreements. Additionally, the Florida Live Local Act offers a compelling entitlement-acceleration pathway, allowing limited workforce or affordable housing components to unlock zoning certainty, density flexibility, and compressed approval timelines. This offering represents a high-conviction land-banking and entitlement-arbitrage opportunity, combining near-term lot sales with mid-term entitlement upside and long-term value creation driven by infrastructure investment and sustained regional growth.

Location

State FL

County Citrus

Community Equestrian Estates Unrec

Area 34433 - Dunnellon/Citrus Springs

Zoning RURMH

Exterior

Utilities Available Other

Building

Lot Size Range 200 to less than 500

Sewer Public Sewer, Septic Needed

Water See Remarks, Well Required

Others

Ownership Fee Simple

Membership Fee Required None

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM716776

Listed by Elias Kirallah CENTURY 21 J.W.MORTON R.E.

NEARBY SCHOOLS & PROPERTIES

Jeramiah Bustin

License Partner | Broker Associate | Professional Athlete Advisory | Development Services

+1(813) 857-2120

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