MULTI-FAMILY OPPORTUNITY IN THE HEART OF BUSHNELL. The land is here. The zoning is in place. And the Seller has already put more than a little thought into what comes next. This 1.68± acre property in the City of Bushnell offers a multifamily development opportunity with an owner-proposed 26-unit apartment project consisting of two 10-unit buildings and one six-unit building, preliminary building engineering plans, and existing seller due diligence available to pass along to the next owner. Located on E C 48 with approximately 210 feet of paved road frontage, the property carries Multifamily High Density Future Land Use and RMF-15 zoning, allowing up to 15 dwelling units per gross acre, subject to applicable development requirements and approvals. The owner’s proposed 26-unit count requires independent verification and City confirmation. All four adjoining tax parcels convey together as one offering. The available building plans feature a two-story design with three-bedroom, two-bathroom apartments offering approximately 1,351 square feet of living area per unit, plus front and rear porches. Open kitchen and living spaces, an inside laundry area, and a primary suite with a private bathroom and walk-in closet which give the proposed apartments a practical layout with room to live and a desirable floor plan. For buyers looking at the income potential, the listing broker estimates monthly rent of approximately $1,850 per three-bedroom unit, based on current rental data, with lawn care, pest control, refuse service, and parking included. If 26 units are approved, constructed, and fully occupied at the projected rent, that would represent approximately $577,200 in annual scheduled gross rent before vacancy, operating expenses, and debt service. These are projections for buyer evaluation, not existing income or guaranteed results. Utility connection routes have been identified. City water would require a bore beneath E C 48, and a gas main runs along the southern property line. The buyer would be responsible for extending the sewer connection along the western side of the property to the sewer line on Dr. Martin Luther King Jr. Avenue/Seminole Avenue. Close to downtown Bushnell, local services, and everyday conveniences, with access to US 301 and I-75, this location brings the project into an established community while keeping the broader Central Florida market within reach. Bushnell is still a town with its own identity, and additional housing can be part of its next chapter. Proximity to The Villages employment base is 20 mins away. With Tampa and Orlando roughly 1 hour away. The seller will provide existing engineering plans and completed due-diligence materials that may be of benefit to a future buyer. Buyers should confirm achievable unit count, the details of their intended development, utility connections, site requirements, and approval status with the City of Bushnell. Conceptual rendering provided for an idea of what a proposed building layout could be, not meant as a guarantee of City approval. For more details or questions please call today.
Vacant landProperty Type
1.68 acresLot Size
$541,667Price/Acres
Listed by Connie Mahan• CONNIE MAHAN REAL ESTATE GROUP
City street, county road, highway, and main thoroughfare frontage
Publicly maintained road
Additional parcels included
RMF-15 zoning
Home design
Land
South-facing
Utilities
Electrical nearby
Natural gas available
Sewer nearby
Water nearby
Broadband and high-speed internet available
No sewer service
Sale and tax history for 30 C Cr-48
Sale History
Tax History
Date
Event
Price
Stellar MLS as Distributed by MLS Grid #G5119000
Oct 14, 2026
Listed
$910,000
Stellar MLS as Distributed by MLS Grid #G5076350
Apr 12, 2024
Sold
$150,000
Dec 14, 2023
Pending
—
Dec 11, 2023
Listed
$150,000
There is a constant rental property shortage in Bushnell and here is the answer. Potential high density residential future land use available with City of Bushnell annexation and approval. Currently 4 adjacent lots, 1.56 total acres total, being sold together. Each individual lot is a buildable lot of record as-is. Highest density for residential is RMF-15. This would signify 15 front doors per acre. City services available with bore under E C 48. Buyer and Buyer’s agent to verify all zoning, land use requirements and site work minimums. If you build it they will come…you can take our word for it. Call today.
Stellar MLS as Distributed by MLS Grid #OM602016
Jun 29, 2020
Sold
$35,000
Jun 27, 2020
Listing Removed
—
Jun 3, 2020
Pending
—
May 5, 2020
Price Changed
$49,900
Mar 20, 2020
Listed
$60,000
4 LOTS COMBINED TOTAL OF 1.72 ACRES. WELL AND SEPTIC ON CORNER LOT OF CR 48. MUST SELL ALL TOGETHER
Year
Property tax
Land + Additions
Assessment*
2025
$233 (+12.2%)
$16,450
2024
$207 (+14.2%)
$16,450
2023
$182 (−40.6%)
2022
$306 (−4.7%)
$13,020
2021
$321 (−54.0%)
$13,020
2020
$697 (−2.5%)
$13,020
2019
$715 (+12.9%)
$13,020 + $23,320
$36,340
2018
$633 (−3.4%)
$13,020 + $20,120
$33,140
2017
$655 (−1.1%)
$13,020 + $20,120
$33,140
2016
$663 (−2.2%)
$13,020 + $20,120
$33,140
2015
$678 (−2.4%)
$13,020 + $20,120
$33,140
2014
$695 (−2.3%)
2013
$711 (−23.3%)
2012
$928
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
0.94 Acres
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Sumter County
APN
N15A070
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 9, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 23 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Bushnell, FL • 33513
Average low and high temperatures (°F)
67
43
75
49
80
55
85
60
90
69
91
72
92
74
91
74
89
71
82
65
78
55
73
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 30 C Cr-48
$882,307
$28K under list price of $910K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $105K to $999K.