Description

The Oliva-Groves Parcel is a gorgeous equestrian, lakefront parcel comprised of approximately 85 acres of land ( Parcel has 60 acres of upland more or less) with 2, 000 feet more or less water frontage on Lake Fern with its white sandy beach. Lake Fern is a spring fed lake. This is one of the few large acreage parcels remaining in the Odessa area. The parcel is bordered by Gunn Hwy on the north and east plus Tarpon Springs Road on the south. Oliva Groves has been platted into 13 lake front lots ranging in size from 2.5 acres up to 7.2 acres. There is a site plan indicating the 13 lakefront lots plus private road that needs to be paved along with other site improvements to sell and or develop the lakefront lots. Current zoning is Agricultural Residential and the Future Land Use is the same. 11.21 acres at the corner of Gunn Hwy and Lutz lake Fern is a dedicated equestrian/park common area easement called "The Meadow" as the zoning permits horses. Lake Fern is a 30.6 acre fresh water lake. Water skiing/Jet skiing is possible on this lake. The mean depth of Lake Fern is 12' and the deepest area of the lake is 29'. The lake is more than a half mile across from east to west and 4/10 of a mile from north to south. Any homes constructed will have the west or sunsets to the rear. The lake front lots cannot be sold separately at this time. A homeowners association still must be created. The private road called L"Lago Lane must be constructed, infrastructure improvements installed and some type of wall with gated entries built along Gunn Hwy and Tarpon Springs Road. The wall will be a buffer and create the aura of exclusivity. Any new construction would have to be on septic and well water. Parcel location: is 6 miles north of the Westfield Citrus Park Mall , exit 16 for the Suncoast Parkway is 2.77 miles to the northeast, Pinellas County is 4.5 miles to the west and Pasco County ( Hwy 54 ) is located 3 miles to the north. Property may be shown by appointment only.

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Listed by: Frank Burns Realty Inc