$239,000
0 ESCONDIDO, ALTAMONTE SPRINGS, FL 32701
ActiveProperty details
About this home
Introducing a rare development opportunity in the highly sought-after Escondido Condominiums—a distinguished 55+ community in the heart of Altamonte Springs. These two vacant lots, sold together, offer the perfect canvas for a luxury condominium project with plans in place for up to 27 units. Originally permitted in the early 2000s, the architectural and engineering plans are included and ready for updates to meet current code requirements, offering a streamlined path to revitalization. Future buildings will form their own association and, once resort fees are established, enjoy shared access to Escondido’s premier amenities. Residents can look forward to a resort-style pool, meticulously maintained landscaping, a welcoming clubhouse, and courts for tennis, pickleball, and shuffleboard—all set within a serene, maturely landscaped environment that exemplifies Florida living at its finest. Nestled in a prime location with effortless access to major highways, upscale shopping, dining, and entertainment, this offering is a unique chance to create a legacy development in a well-established community. Best of all, the property is situated in an X flood zone, eliminating the need for flood insurance and enhancing its investment appeal. This is more than a development site—it’s an opportunity to shape the future of one of Altamonte Springs’ most established residential enclaves.
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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR762912370. Listing brokerage: KELLER WILLIAMS ISLAND LIFE REAL ESTATE. Status: Active.
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