xx main street - 190 plus lots 5 Acres of Residential Land Offered at $6,836,150 CAD in Crystal River, FL 34428

Development Opportunity With Built-In Upside
This approved 190-lot development offers immediate scale with the rare ability to expand to 235 lots without acquiring additional land—a density increase that drives the effective per-lot cost down to approximately $21,000, significantly enhancing project returns. With utilities already to the property and private water on site, the groundwork is in place for efficient build-out.
The plan supports a community center—either newly built or shared with Phase One—and provides multiple access points, including a convenient side-street inlet/outlet. The site also has room for a self-contained sewer system, opening the door to a wide range of development strategies: a rental community, mobile home park, or a mix of stick-built and block-built homes. Builders can also take the project turnkey, build out, and sell.
At the current pricing of $26,316 per approved lot, the value at completion trends closer to $55,000 per lot, creating a compelling margin. With roads, retention, and sewer installation, the project’s upside reaches a 2.61× value multiple, driven primarily by the ability to increase density and maximize yield.
This is a rare chance to acquire a scalable, infrastructure-ready development with significant built-in value and multiple exit strategies.