Lake Griffin Preserve
510+/- Acre Haven on the 9,400-Acre Lake Griffin in Central Florida, Just One Hour from Orlando, and Apx Five Miles from The Phenomenal Growth of The Villages
All Development Rights Intact, Major Higher and Better Use Value
Lake Griffin Preserve is a 510+/- acre oasis in the midst of the nation’s fastest growing metro area. Held by the same family for over 130 years, and only the third ownership since the Spanish Land Grant, this undeveloped property is a rare anomaly in an area of the state that is known for its growth and development.
According to US Census Data, The Villages, an age-restricted adult community just 5+/- miles from Lake Griffin Preserve, had the fastest growing population rate for the third straight year. The community, with a population of 119,000, was also ranked on the Forbes 2016’s Best Places to Retire list. The latest expansion of The Villages in their efforts to meet the sales demands (an impressive 200 resales per month and 200 new construction sales per month) was in Lake County towards Lake Griffin.
Lake Griffin Preserve’s most notable feature is its 1.3+/- miles of shoreline on the 9,428+/- acre Lake Griffin. The lake is seven miles long and three miles wide, and is a popular lake for crappie, as well as largemouth bass, bluegill, speckled perch, and catfish.
The shoreline is sandy and much of it consists of moss-draped live oaks and palms. The current owners tell stories of their family members finding many native American artifacts along the lake, further dating back the longstanding appreciation that the past inhabitants had for this property.
The property has some fencing and has cattle which currently afford the owners an ag exemption on property taxes. The Lake Griffin Preserve property is presently zoned ag; one unit per five acres. According to the sellers, there is still a vote to be had sometime in the near future regarding Fruitland Park annexing large parcels with a PUD into the city limits. If that happens, it will be one to four per acre.
With the absorption rates at The Villages, the potential for Lake Griffin Preserve’s higher and better use as a waterfront community is very strong. By the same token, a conservation easement donation could be off the charts here and we are well-known for the guidance and advice we offer on this strategy, as well.
Much of the land to the south of the property is Lake County Water Authority holdings. The Lake Griffin State Park is 620 acres just southwest of the property and is famous for having the state’s second largest live oak. Lake Griffin Preserve is just a few short miles to 43 golf courses, schools, new retail and dining options, and hospitals.
“This property is ideal either for a conservation easement donation or to be developed into a conservation community, or a combination of both. The rapid growth, demand for new housing, and swift pace of home sales in this area is staggering. This is one of the last undeveloped and untouched “Old Florida” properties in the region. The fact it has this much lake frontage on a lake this size, where the majority of the remaining undeveloped frontage is protected by development, is phenomenal. The property itself is as natural, wild, and untouched as anything we have seen. There are roads through the property, an old orange grove and a little pasture, but most of the property probably looks a lot like it did 120 years ago. It’s certainly very unique.”
Lake Griffin Preserve is Now Available
NEW PRICING - $4,400,000
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