Land Available For Sale @ 5612 County Road 48

The opportunity is to acquire a 127.93± acre property that is planned for 429 residential units in Okahumpka, FL. The proposed product mix calls for 239 single family lots and 190 townhome lots. This property has substantial topography for Florida which grant beautiful views of Lake Harris. The property is contiguous to Legacy of Leesburg, a 999 unit, active adult community in the heart of the Leesburg 55+ and is near Highland Lakes & Arlington Ridge, both 55+ communities
on US 27. The property currently consist of vacant groves, multiple mobile & single family homes, native pasture, and planted
hardwood trees. There are remnants of a previous agricultural use that has been abandoned. The site has been rezoned and was planned for residential development.

Location: The parcel is located on the south side of County Road 48, approximately 1.5 miles east of U.S. Highway 27, in
Okahumpka, FL. The property is a short 45 minute ride away from Orlando International Airport via the Florida Turnpike.

Access: Access is good from the Florida Turnpike, which is to the west of the parcels.

Size: 127.93± gross acres, of which 113.92 are considered uplands

Zoning: The property is zoned PUD and was approved for up to 429 residential units.

Tax ID #: 1208645, 1208661, 1208696, 1208742, 1301882, 1780101, 2616396, 3562348, 3562356, 3830068 & 3830072