Property Description

Prime residential lot opportunity in Inverness, Citrus County.Situated near local recreation with a park approximately 0.46 miles away and Rutland Park just 0.91 miles away, plus convenient access to highways around 2.01 miles. Additional nearby locations include Sumter Air & Heat Inc (1.98 miles) and Decco Crete LLC (1.81 miles). The lot is located in Flood Zone AE, a high-risk Special Flood Hazard Area (SFHA) with a 1/100 annual chance of flooding. Building requires elevation of the lowest floor above the Base Flood Elevation (BFE), use of flood-resistant materials, and mandatory flood insurance. Development may face strict local permitting, restrictions on fill dirt or structures in the floodway, and increased construction costs (often 10-20/100 higher). There is also Wetland Impact (Stream and Lake Swamps/Bottomland), indicating protected wetlands under the Clean Water Act. Development typically requires a 404 permit from the U.S. Army Corps of Engineers and state environmental review. Building is often restricted or prohibited; if allowed, expect mandatory mitigation, environmental assessments, and possible loss of buildable acreage. This can delay projects and add substantial costs.Buyer should verify zoning, setbacks, utility availability, flood/wetland requirements, and development limitations with Citrus County. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.