3716 Elaine Dr, Greenacres, FL 33463

Prime 1.41-Acre Development Opportunity – Previously Entitled for 8 Townhomes

Seize this exceptional investment opportunity in a high-demand residential area. This 1.41-acre parcel, previously entitled for an 8-unit townhome development, is an ideal site for builders, developers, and investors looking to capitalize on the area's strong demand for residential housing.

Property Highlights:

Size: 1.41 acres

Zoning: MR-5 (Medium Residential – 5 DU/Acre)

Previous Entitlements: Approved for 8 townhomes

Utilities: Available nearby

Access: Conveniently located near major roads and highways

Surrounding Uses: Mix of single-family homes, townhomes, and multi-family developments

Investment Potential: Strong market demand for housing with rising property values in the area

Location & Market Demand

This property is strategically located near major commercial hubs, schools, shopping centers, dining, and recreational facilities, making it a prime location for residential development. Its proximity to employment centers and transportation corridors enhances its value and attractiveness to potential homebuyers or renters.

The surrounding neighborhood features a blend of single-family residences, townhomes, and apartments, indicating high demand for diverse housing options. The site’s previous entitlements for 8 townhomes make it an excellent opportunity to continue the originally envisioned residential development or explore alternative configurations under the existing zoning regulations.

Zoning & Development Potential

The MR-5 zoning allows for a variety of residential uses, including townhomes, duplexes, and small multifamily developments. The previously approved 8-unit townhome plan demonstrates the feasibility of development and provides a strong foundation for a new project.

Development Possibilities:

Proceed with the previously entitled 8-townhome project

Modify the site plan to accommodate alternative residential layouts

Explore workforce housing incentives or density bonuses

Develop a build-to-rent community for investors

Infrastructure & Accessibility

Road Access: The property is easily accessible via major arterial roads and highways

Utilities: Water, sewer, and electric services are available nearby

Nearby Amenities: Close to schools, shopping centers, medical facilities, and parks

Why Invest?

Strong Housing Demand: The area has experienced consistent population growth, fueling demand for well-located residential projects.

Development-Ready: The site had previous entitlements, saving time on preliminary approvals.

High Market Potential: Townhomes are highly sought-after for first-time buyers, downsizers, and investors.

Flexibility: Various development strategies can be pursued, maximizing returns.

Next Steps

Do not miss this rare opportunity to develop a prime residential site in a rapidly growing market. Contact us today to discuss the property details, zoning allowances, and potential development pathways.

Inquire now to schedule a site visit or request additional information.