Description

Located just East of the town of Dundee, Dundee Lakes Phase 1 is a beautiful new residential development located on Lake Trask in Polk County, Florida. This 139-acre lake-front property is an active citrus grove with an agricultural exemption. There are  345 residential lots that are currently being entitled with full approvals expected in six months. This property is located on Lake Marie Drive in the city limits of Dundee. Phase 1 of Dundee Lakes is available now. Dundee Lakes is a Planned Unit Development (PUD) with the city. There are 345 single family lots in Phase 1. This consists of 168 lots (45' x 115'), 158 lots (50' x 115') and 21 lots (60' x 115). Water and sewer are at the property and provided by the City of Dundee. These lots will be fully permitted, approved and shovel ready for development in about 6 months. A buyer can do their due diligence during that time and close sometime after the lots are ready to develop. The 345 lots can be divided. A buyer can purchase a minimum of 115 lots. The asking price is $30,000 per lot, so $3,450,000 for 115 lots, $10,350,000 for all 345 lots or something in between. In addition to the 4,500 feet of shoreline, Dundee Lakes Residential Development conceptual plans feature an area next to the lake that has been set aside for activities such as a soccer field, bocce ball, tennis, and sand volleyball. There are also planned areas for a clubhouse, pool, and playground. The 57-acre Lake Trask is well-known by locals as a great fishing lake. There is a great demand for residential housing in east Polk County and the Dundee area and its proximity to Orlando. Drive time from Dundee Lakes is only 60 minutes to downtown Orlando and 40 minutes to the area’s world-famous attractions. The growth in the Dundee area is not linear; it has been explosive. Overall, this growth is seen throughout Polk County with building starts at 10,901 in 2020, 12,562 in 2021 and are projected to be over 14,000 in 2022. There are 1,430,000 residents that live within 30 miles of Dundee Lakes Residential Development. It is estimated there are over 60 residents a day moving into Polk County.,

Features