Edward's Grove-543 Acres (formerly Talavera)

PROFILE
The subject property is located in the S.R. 52 Corridor, between U.S. Highway 41 and the Suncoast Expressway.

An active home building market for builders in Deerfield Lakes, Suncoast Lakes, Connerton, Asbel Creek and Lakeshore Ranch.

New homes in this submarket range from $150,000 to $307,000 on 50’ and 60’ lots, and up to $450,000 on large lots. Talavera’s lots as designed, are 85’ lots.  The attached site plan confirms lot sizes.

LOCATION:
The west side of U.S. Highway 41, 1.4 miles north of S.R. 52, Land  O’Lakes.

SIZE:   543.57 acres MOL.

ZONING:   MPUD for 800 units with site plan approval for 756 units.

PARCEL I.D.:   04-25-18-0000-00800-0000.

PROPERTY TAXES:   Proposed for 2012 is $2,302.99 with ag exemption.

UTILITIES:   Water is 12” at S.R. 52.  Sewer line is under construction on the east side of U.S. Highway 41, at the site.

DISTANCES:
• 5.3 miles south to Publix and 5.7 miles west.
• 5.6 miles to Suncoast Expressway.
• 12.3 miles to Spring Hill Regional.
• 12.6 miles to I-75.
• 20 miles to The Grove.
• 22.1 miles to Florida Hospital.
• 22.6 miles to Shops at Wiregrass.
• 28.4 miles to Tampa CBD via US Hwy. 41 to I-275.
• 33.9 miles to the Westshore Employment Center.

COMMENTS:
• Phase I is permitted and has construction plan approval for 756 lots, with the exception of the SWFWMD ERP (which is in process of being re-permitted) and the FDOT Driveway permit.  Seller’s engineer believes the permits can be obtained in 60 days.
• The Property can be developed to generate excess fill material.
• Close to 18,000 acre Starkey Wilderness Preserve and 7,000 acre Cypress Creek Preserve.
• Builders currently building in this market are William Ryan, Ryland, Taylor Morrison, Homes By WestBay, Home Dynamics, Standard Pacific and KB Homes.