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203 Cypress Boulevard E - 2.74 Acre Commercial Land for Sale

Prime 2.74-acre corner lot zoned PDR in Sugarmill Woods Cypress Village PUD with approved conceptual plan for 16 townhomes.

$189,900

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Florida Local Time --:--

MLS #R11009704

Listing Updated: 2026-07-17 00:41:21

Listed By: Keller Williams Realty of PSL

Overview

This 2.74-acre corner parcel at 203 Cypress Boulevard E offers a unique opportunity for commercial land development within the Sugarmill Woods Cypress Village Planned Unit Development. Zoned PDR, the property includes a county-approved conceptual drawing for 16 townhome units, providing a clear vision for potential residential use. The seller, an investor, has not provided reports or surveys, so buyers should verify utility information and other details independently. This site is well-positioned for developers considering a multifamily project in a growing community, combining strategic location with development flexibility.

Property Highlights

2.74-acre corner lot, Zoned PDR, Sugarmill Woods Cypress Village PUD, Approved conceptual plan for 16 townhomes, Investor-owned, Utility info to be verified.

Property Details

City:

State: FL

Zip Code: 34446

Address: 203 Cypress Boulevard E, FL 34446

Year Built:

Property Type: Commercial Land

Property Sub Type: Agriculture

Listing Office Name: Keller Williams Realty of PSL

County: Citrus County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $8

Annual Tax: $760

Days On Market: 719 Days

Original Listing Description

Desirable 2.74 Acre Corner homesite zoned PDR in the Sugarmill Woods Cypress Village PUD with a county approved conceptual drawing for 16 townhome units. Conceptual drawing located in attachments.The seller is an investor and does not have any reports or survey to share. Please verify the accuracy of the utility information.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

203 Cypress Boulevard E, FL 34446

About This Neighborhood

Located within the Sugarmill Woods Cypress Village PUD, this property benefits from a well-established community known for its residential appeal and natural surroundings. The neighborhood offers convenient access to local amenities, parks, and recreational areas, contributing to a balanced lifestyle. Its corner location enhances visibility and accessibility, which are key advantages for future development. The area is characterized by a mix of residential and agricultural land uses, creating a diverse and evolving environment.

Walkability & Lifestyle

The property’s location in Sugarmill Woods Cypress Village offers moderate walkability with nearby parks, local shops, and community facilities accessible by foot or a short drive. Residents can enjoy outdoor activities, green spaces, and convenient access to essential services. While primarily a residential and agricultural area, the neighborhood supports a lifestyle that balances tranquility with practical amenities.

Things To Do Nearby

Sugarmill Woods features a variety of recreational opportunities including golf courses, nature trails, and community parks. The nearby waterfront areas provide boating and fishing options, while local dining and shopping venues offer casual and social experiences. This setting supports an active lifestyle with access to both outdoor and cultural activities within a short drive.

Nearby Schools

Sugarmill Woods is served by several public and private schools within reasonable commuting distance, offering educational options for families in the area. The community’s location provides access to schools that support a range of grade levels, contributing to its family-friendly appeal. Proximity to educational institutions enhances the attractiveness of residential developments planned on this property.

Why Buyers Like This Area

Buyers appreciate this property for its strategic corner location, approved development plan, and placement within the established Sugarmill Woods community. The zoning flexibility allows for multifamily residential projects, appealing to developers and investors seeking growth potential. The neighborhood’s amenities, natural setting, and accessibility contribute to its desirability among homebuilders and commercial land buyers.

Investment Potential

This 2.74-acre commercial land parcel in Sugarmill Woods offers potential for residential development with an approved conceptual plan for 16 townhomes. Its zoning as PDR supports multifamily projects, making it attractive for developers exploring new opportunities in a growing area. While the seller does not provide utility reports, the location’s accessibility and community plans suggest steady interest from buyers and tenants alike. Investors should consider the property’s flexibility and the community’s ongoing growth when evaluating its potential.

Market Trends

The market in the Sugarmill Woods area reflects steady demand for residential and mixed-use developments, driven by its desirable location and community amenities. Inventory of commercial land suitable for townhome projects is limited, making this 2.74-acre parcel a noteworthy opportunity. Buyers are increasingly interested in properties that allow flexible zoning and development potential. Long-term interest in this region remains positive due to its balanced growth and quality of life factors.

Rental Income Potential

While this property is currently raw land, its approved conceptual plan for 16 townhomes indicates potential appeal for future rental housing development. The area’s demand for multifamily residences and proximity to local amenities could attract tenants once developed. Seasonal demand and community growth may support consistent interest from renters. Prospective investors should conduct thorough due diligence regarding local rental markets and utility availability before proceeding.