Friendly Capital has purchased, at the corner of and north of SR 565A and west of SR 561, approximately 30 acres of canal front developable land near the shores of Lake Minneola. This equates to a reasonable subdivision that will yield 69 large single-family residential lots within Lake County limits. The Property is County land and is not part of any city. The subdivision is afforded water from the City of Groveland and fire services from Lake County. Additionally, we expect that we may also adhere to Lake County development requirements (i.e. septic as opposed to city sewer, Miami curbs), and thus have reduced development costs. The site will also accommodate a boat ramp for subdivision use only.
The property is beautiful and will afford future homeowners views across pristine wetlands and direct canal access that very quickly leads to Lake Minneola and onto Wilson Lake, Cherry Lake and the rest of the Clermont Chain of Lakes, which is all designated as an “outstanding waterway”. Additionally, the State of Florida has invested heavily in the Rails to Trails Greenway project and the Lake Minneola trail runs immediately adjacent to the site.
The Property is situated only 3 miles from downtown Clermont and a Publix Shopping Center, 2 miles west from Green Valley golf course, and 1 mile east from Palisades golf course. With Groveland’s and the County’s somewhat agreeable development requirements, and the Property’s proximity to Clermont, Friendly Capital made a fantastic investment and is currently under contract with a home builder for a shovel ready purchase by year end 2016.