64.7 Acres in Oak Hill, FL - $2,600,000
Description: Waterfront land on Indian River North Intracoastal Waterway, gated community planned for 206 potential residential lots. The
property is located in the Volusia County, City of Oak Hill, on the east coast of Florida. Boating access to the Atlantic Ocean is
north at New Smyrna Beach. Mosquito Lagoon is east and south of the property. Closest beaches by car are at New Smyrna Beach
and by boat at Canaveral National Seashore.
Location: It is located south of New Smyrna Beach and north of Titusville off of Interstate 95 on US Highway 1. Located between Burch
Road, the North Indian River Intracoastal Waterway and Golden Bay Colony Phase 1, known as Lighthouse Cove Phase 3 in the
City of Oak Hill.
Access: Access is from Interstate 95 and U.S. Highway 1 or SR 442 from the north off Interstate 95 to Golden Bay Boulevard. The entrance
is on U.S. Highway 1.
Size: 73 developed, approv...
Size: 73 developed, approved, unplatted lots
(24 standard lots; 36 pond/waterfront lots; 13 pond/waterfront oversized lots)
28 partially developed, approved, unplatted lots
(9 standard lots; 4 oversized lots; 15 pond/waterfront lots)
105 undeveloped approved, unplatted lots
(70 standard lots; 30 pond/waterfront lots; 5 pond/waterfront oversized lots)
Minimum lot size 6,000 sq. ft., width 60 feet, minimum floor area 1,200 sq. ft.
Zoning: Mixed use development for single family residential homes and all other permitted. Permitted uses are: standard single family
dwellings and customary accessory uses and structures; townhomes; residential recreation vehicle and boat storage; essential utility
services; customary accessory use and structures to the preceding; all othere permitted principal uses and structures and approved
special exceptions that are allowed in a R-1 zoning classification.
Amenities: Clubhouse, tennis, shuffle board, fishing pier, day use boat slips, small boat ramp and river access.
HOA: HOA fees are $47.86 per month. Developer has control until 2022. HOA is in a positive cash flow position.
Utilities: Water is via an agreement with Edgewater and sewer is provided by Volusia County.
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