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Janice Martin

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1900 OASIS BLVD Sebring, FL 33870

2.5 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Knickerbocker Manor

MLS Listing ID L4960151

HOA Fees $395/mo

HOA Y/N Yes

Annual Recurring Fee 4740.0

Annual Tax Amount $26,324

Lot Size 2.500 Acres

Acres 2.5

Lot Dimensions 243x500

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Waterfront townhome development with 3 completed units and over $4M already invested in infrastructure. Priced at only $52,941 / unit for the improved 2.5-acre site ($2.4M) or $2.9M for the full 5-acre project with additional 31± unit Phase II land at only $16,129 / unit. The Oasis Townhomes on Dinner Lake are well underway with three units already completed and issued Certificates of Occupancy. Capitalize on the work already completed and pick up where the previous builder left off. Over $4 million has already been invested in infrastructure, including roads, underground electric, irrigation, lift station, and central water and sewer extended to individual lots—ready for construction of 17 additional units. The completed units are AMAZING! Featuring a unique three-story design, the floorplan is perfect for a blended family while still providing a sense of privacy and separation of space. The main floor includes the garage, kitchen, laundry, living room with 20-foot soaring ceilings, balcony, and lakeview primary suite. On the basement level you will find a bedroom, bathroom, and living space with walk-out doors leading to a screened porch, creating the perfect place to enjoy your morning coffee while taking in the beautiful lake views. Upstairs offers two additional bedrooms, a bathroom, and an open loft area ideal for an office, game room, or additional living space. These units feature granite countertops throughout, staggered cabinetry, rounded corners, crown molding, upgraded fixtures, and more. Units 1936 and 1938 showcase the popular modern grey and white color scheme with chrome and silver accents, while Unit 1942 offers a more traditional style with oak cabinetry and warm brown and beige tones accented with bronze and iron finishes. The roof system provides the appearance of barrel tile but is actually metal, and came with a 60-year warranty when installed. The development sits on 2.5 acres with over 210 feet of frontage on beautiful Dinner Lake. The adjoining 2.5 acres may also be included for $2.9M total purchase price and was originally slated for Phase II of the development. This parcel features beautiful sandy beaches and offers the potential for up to 31 additional units to be designed by the new owner, or could be developed into community amenities such as a clubhouse, pool, and common areas for the HOA. The townhome documents and association corporation have already been formed and approved by the state, and will be transferred to the new owner. Set the fees and rules as the development evolves. This is a perfect scenario for an investor or developer. Build out the remaining units, sell them individually, and retain long-term residual income through HOA management and fees for years to come.

Location

State FL

County Highlands

Community Knickerbocker Manor

Area 33870 - Sebring

Zoning R3

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Waterfront Description Lake Front

View Y/N Yes

Water Access Yes

Water Access Desc Lake

Building

Lot Size Range 2 to less than 5

Sewer Public Sewer

Water Public

Others

Pets Allowed Yes

Ownership Fee Simple

Monthly Total Fees $395

Acceptable Financing Cash, Conventional

Membership Fee Required Required

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4960151

Listed by Gregory Karlson ADVANTAGE REALTY 1

NEARBY SCHOOLS & PROPERTIES

Janice Martin

Advisor | License ID: SL3063789

+1(941) 225-9843

Janice Martin

1900 OASIS BLVD Sebring, FL 33870

Key Details

Location

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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1900 OASIS BLVD