7759 N Freemantle Way Dunnellon, FL 34433
Listing Courtesy of: CITRUS COUNTY / Century 21 J W Morton Real Estate, Inc. / Elias Kirallah

  7759 N Freemantle Way Dunnellon, FL 34433

Active (16 Days)
$7,496,000 (USD)
23.53
ACRES

Description

Presented for acquisition is a rare, high-and-dry ±368-acre land assemblage with three points of legal road access in Citrus County, Florida, strategically positioned within the Tampa–St. Petersburg MSA—one of the nation’s fastest-growing regions with over 3.3 million residents. Citrus County continues to capture value-driven in-migration as growth expands north from Tampa. The property offers strong regional connectivity, located minutes from Crystal River, Lecanto, Homosassa, Inverness, and the Ocala MSA. Access is further enhanced by the recently extended Suncoast Parkway, a $180 million state investment now reaching CR 486 with planned continuation toward US-19, placing the final expansion corridor near the site. Zoned RUR/MH, the assemblage sits between higher-density growth corridors and surrounding agricultural and conservation lands. The site includes 41 previously platted single-family lots averaging ±1.5 acres, providing near-term monetization potential. Remaining acreage supports residential development at one unit per ten acres, with density increases to one unit per five acres achievable through a Planned Unit Development (PUD). Permitted uses include single-family residential, agricultural operations, and water and wastewater utility facilities, with additional conditional uses such as assisted living, attached housing, communications infrastructure, and community-serving facilities—significantly expanding development optionality. Citrus County is actively advancing comprehensive plan updates under its 2050 Vision, transitioning away from legacy DRI structures toward expanded Public Service Areas and flexible development agreements. Additionally, the Florida Live Local Act offers a compelling entitlement-acceleration pathway, allowing limited workforce or affordable housing components to unlock zoning certainty, density flexibility, and compressed approval timelines. This offering represents a high-conviction land-banking and entitlement-arbitrage opportunity, combining near-term lot sales with mid-term entitlement upside and long-term value creation driven by infrastructure investment and sustained regional growth.

MLS #:
851430
Taxes
$853(2026)
Lot Size
23.53 acres
Type
Land
Community
Not on List

Listed By

Elias Kirallah, Century 21 J W Morton Real Estate, Inc.
Source
CITRUS COUNTY
Last checked Feb 5 2026 at 2:45 AM GMT+0000
Bathroom Details
Subdivision
  • Not On List
Lot Information
  • Acreage
  • Wooded
Utility Information
  • Utilities: Water Source: Well Needed
  • Sewer: Septic Needed
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by C21 J W Morton Real Estate, Inc. and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Realtors Association of Citrus County. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2/4/26 18:45