2612 SHEPHARD STREET, Inverness, FL 34452

Property Description

4.36 acres | 18 Platted (.25 Acre Each) SFR Addressed Lots | Portfolio Sale | This offering presents the opportunity to acquire eighteen platted residential lots within Inverness Village Unit 3 in Inverness, Florida, positioned directly behind the recently completed Clearwood Street development. The adjacent corridor has already demonstrated proven builder absorption and validated end-buyer demand, with new construction homes achieving sales in the mid-$330,000 range and twenty-two lots acquired in a bulk transaction by a national homebuilder. The portfolio is offered for $227,000 and represents the next logical phase of development within a proven residential submarket. Public water and sewer capacity has been confirmed by the City of Inverness, with new hydrants and lift stations installed to serve the adjacent Clearwood buildout. While the roadway is currently unpaved and individual lot connections have not yet been completed, these conditions are reflected in the pricing and create a value-driven entry point for builders seeking scalable inventory at a lower land basis. Zoned LD/R1 (Low Density Residential), the lots are fully platted and positioned for phased single-family construction consistent with surrounding development. The combination of verified nearby sales, confirmed utility capacity, and municipal cooperation provides a compelling development platform for production builders, regional operators, or investors pursuing a controlled residential rollout strategy. Investment highlights: 18 Platted Residential Lots Offered as One Portfolio | Proven Exit Values with New Construction Sales | New Hydrants and Sewer Lift Stations Installed at End of Road | Adjacent to Clearwood Street Development | Public Water and Sewer Capacity Confirmed by City of Inverness | City Indicated Cooperation with Shared Roadway/Infrastructure Assessments

Listing Status:

Active

Date Added:

June 8, 2026

Data Last Updated:

July 7, 2026 at 7:23AM

Listing Office:

PALM LIFE REALTY : 888-877-4040

Listing Agent:

Walter Penachio : 727-688-4040

MLS ID:

TB8516928

Location

• Road/Access: DirtUnimproved
• Originating MLS: Stellar MLS
• County: Citrus

Lot

• Zoning: LDINVERNESS VLG PB 6 PG 26 LOT 43 BLK 1219E-19S-13-0030-00120-0430
• Current Use: Residential

Utilities

• Utilities: Cable AvailableElectrical NearbyPublicSewer NearbyTelephone NearbyWater Nearby
• Water: PublicSee Remarks
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple