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Crystal Pointe MHP Development Opportunity

Multi Family Housing for Sale in Dunnellon, Florida

Dunnellon, FL 34430
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Sale Price: $1,838,000

Contact Information

Michael Fry
KW Commercial

Mobile Home Park for Sale

Status: Active
Property ID: 707329
Posted on: Sep 22, 2016
Updated on: Sep 22, 2016
Price: $1,838,000

Property Description

Ideal for investor/developer or institutional buyer seeking an opportunity to create an attractive manufactured home residential community with Old Florida/Country charm, HOA amenities, tree shaded common areas, conservation areas, premium lots and hiking trails.
The Crystal Pointe Mobile Home Community offers an investor/developer the opportunity to acquire and repackage the sale of 16 existing improved individual mobile home sites; two adjacent commercial parcels with highway frontage at the park entrance; and the phased development of 190 approved manufactured home sites.

The two commercial parcels along CR495 consist of 3.85 (+/-) acres each. The 16 improved mobile home sites are ready for re-sale and are interspersed through-out the 65 unit Phase I section of the complex. Phase I sites range in size from .25 to .33 acres. Phases II and III comprise 79.63 (+/-) acres of unimproved wooded acres. Phases II and III are approved for 190 to- be-developed pre-platted mobile home sites. The improved and to-be-developed parcels will have use of HOA recreational areas and an existing 5,500 SF club house and 67,000 gallon heated pool. The community can be age restricted, land lease, fee simple or mixed.

The development will be attractive to investors and developers and would be an outstanding opportunity for an on-site owner or retiree with experience in mobile home park management and development. The development of an age restricted community in an option. The sell-out of existing home sites and the strategic marketing of sites within the staged development of Phases II & III provide an opportunity of investment returns over multiple years. The re-development of Crystal Point Development properties would create an Old Florida/country oriented mobile home subdivision with large lots, HOA amenities, tree shaded common areas, conservation areas, premium lots and hiking trails.

2 Commercial Parcels (3.8 Acres Each)
16 Improved Manufactured Home Sites (.25-.33 Acres Each)
190 Approved Home Sites on 80 Acres
Within 110 Acre Subdivision
Phases II & III Ready for Development
Wooded Lots
Zoning: Manufactured Homes
Fee Simple Lots
Optional Use: Age 55+

HOA Amenities:
5,500 SF Clubhouse
67,000 Gallon Heated Pool
Common Areas
Trails

Florida’s Nature Coast
4 Miles to Crystal River
10 Miles to Gulf of Mexicao
50 Miles to Tampa
80 Miles to Orlando

Investment Opportunity
Comprehensive Development and Re-Sale Strategy
Development or Sale of Commercial Frontage
Re-sale of Existing Homes Sites
Development of 2 Phases – 190 Home Sites
Re-sale of Developed Sites Individually or In Bulk
Purchased and Developed Sites Can Be Rented