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About This Home

This land at 7759 N Freemantle Way in Dunnellon, FL is listed for $7,246,000 (367.88 acres).

Agent 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.

Key Features

  • 367.88 acre lot

Location

7759 N Freemantle Way

Dunnellon, FL 34433

Not on List

Questions & Answers

This 0-bedroom, 0-bathroom land at 7759 N Freemantle Way is listed at $7,246,000. The estimated monthly payment is $31,399 based on 20% down at 6.5% interest.

Key features include: 367.88 acre lot.

This property is listed by Elias Kirallah and can be reached at 3524002635 or elias@eliasgeorge.com.

EK

Elias Kirallah

Agent at Century 21 J.W.Morton R.E.

(352) 400-2635

Listed by Century 21 J.W.Morton R.E. · View on Broker Site

MLS# 851430· Source: listhub· Updated 133 days ago

Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7759 N Freemantle Way, Dunnellon, FL 34433

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