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SOLD: Haines City Residential Development

$3,500,000

Haines City, Florida

457 Acres

PROPERTY DETAILS

Property Type: Commercial Development, Land Investment, Residential Development

Location: 712 Morrison Ranch Road, Haines City, Florida 33844

County: Polk


This property is in a great location for residential development! Located just 11 miles from LEGOLAND® Florida in Winter Haven, the property is in a general area of new residential areas developed on the edges of Haines City. In recent years Haines City has seen explosive growth, largely because of its easy access to Orlando, Walt Disney World® and other area attractions. The property contains a mix of uplands and wetlands with frontage on US 27 and SR 544. It is located just south of Haines City with easy access to exit 55 on Interstate 4.

Description: • The Regional Mixed Use (RMU) land use designation contained in the City of Haines City CityView Selected Area Plan allow residential development at a density of 15 units per acre. However, because the intent of the land use category is to provide for a mixture of uses, there is a restriction that a maximum of 40% of the site can be used for residential purposes. • Upon annexation, up to 88 acres (of the estimated 220 acres of uplands) would immediately be available for residential use, pursuant to the provisions of the Joint Planning Agreement as outlined in the report. A Planned Unit Development (PUD) would be required to obtain zoning approval, which takes about three to four months. • If a potential developer wished to use the entire site for residential uses, then a comprehensive Plan Amendment would be needed to change the Future Land Use designation from RMU to a residential land use (such as Low, Medium, or High-Density Residential) for the remainder of the site not already approved for residential. An amendment would be favorably received, based on discussions with Haines City staff (who envision residential being the primary use on this property). Additionally, a land use change from a mixed Commercial/Office/Residential to a residential use would be considered a decrease in density/intensity, and would more favorably be considered by the reviewing agencies.

Driving Directions: From the intersection of US 92 and US 27, go south on US 27 one mile • Property will be on the left

David Hitchcock

Senior Advisor

863.272.7155

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Clay Taylor

Senior Advisor

863.774.3532

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