SOLD: Lake Hamilton Lakefront Development

PROPERTY DETAILS

Property Type: Citrus, Land Investment, Residential Development

Location: State Road 544, Haines City, Florida 33844

County: Polk

The subject property consists of 142.72 +/- gross acres, of which about 43.04 acres are wetlands. The property is located south of Haines City on Little Lake Hamilton, a 367-acre lake that is part of a three-lake chain that consists of Lake Hamilton (2,184 acres) and Middle Lake Hamilton (103 Acres).
The property is currently a producing orange grove that has an agricultural tax exemption and is situated in a growth corridor. With almost 1/2 mile of road frontage on SR 544 and nearly 3/4 mile lakeshore frontage on Little Lake Hamilton, this site is primed for development.

Description: Current Land Use: • 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 37.2 acres (of the estimated 93 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 Exit 55 on I-4, take US 27 south 11 miles to SR 544 • Go east on SR 544 for 1/2 mile • Property will be on the right Showing Instructions: Please call listing agent before showing. Clearance is needed from the Grove Caretaker.