2612 SHEPHARD STREET, INVERNESS, FL 34452
INVERNESS VILLAGE UNIT 03 · Citrus County
Key Facts
Description
4.36 acres | 18 Platted (.25 Acre Each) SFR Addressed Lots | Portfolio Sale | This offering presents the opportunity to acquire eighteen platted residential lots within Inverness Village Unit 3 in Inverness, Florida, positioned directly behind the recently completed Clearwood Street development. The adjacent corridor has already demonstrated proven builder absorption and validated end-buyer demand, with new construction homes achieving sales in the mid-$330,000 range and twenty-two lots acquired in a bulk transaction by a national homebuilder. The portfolio is offered for $227,000 and represents the next logical phase of development within a proven residential submarket. Public water and sewer capacity has been confirmed by the City of Inverness, with new hydrants and lift stations installed to serve the adjacent Clearwood buildout. While the roadway is currently unpaved and individual lot connections have not yet been completed, these conditions are reflected in the pricing and create a value-driven entry point for builders seeking scalable inventory at a lower land basis. Zoned LD/R1 (Low Density Residential), the lots are fully platted and positioned for phased single-family construction consistent with surrounding development. The combination of verified nearby sales, confirmed utility capacity, and municipal cooperation provides a compelling development platform for production builders, regional operators, or investors pursuing a controlled residential rollout strategy. Investment highlights: 18 Platted Residential Lots Offered as One Portfolio | Proven Exit Values with New Construction Sales | New Hydrants and Sewer Lift Stations Installed at End of Road | Adjacent to Clearwood Street Development | Public Water and Sewer Capacity Confirmed by City of Inverness | City Indicated Cooperation with Shared Roadway/Infrastructure Assessments
Property Information
Property Type
Land
Lot Size
4.36 acres
Lot Dimensions
225 x 135 & 1050 x 510
Ownership
Fee Simple
Zoning
LD
MLS® Listing#
TB8516928
Property Features
Lot Features
Utilities
Sewer
Water Source
Schools
- Elementary:
- Inverness Primary School
- Middle:
- Inverness Middle School
- High:
- Lecanto High School
Financial Details
HOA
None
Annual Taxes
$138
Tax year 2025
Parcel Number
19E-19S-13-0030-00120-0430
Directions
Vacant land - Go to site - Dirt road - Don't get stuck - Drive down at your own risk
Affordability Calculator
$45,400
Estimated monthly payment
$1,208/mo
Principal $181,600 · Est. interest $253,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in INVERNESS, FL
- $292,050
- Median Listing Price
- 69
- Median Days on Market
- 1,508
- Median Sq Ft
- $179
- Median Price / Sq Ft
- 424
- Active Listings
- This home’s price is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in INVERNESS, FL.
Location
Getting Around
Points of Interest in INVERNESS, FL
Showing the INVERNESS area map.
Nearby Schools
Withlacoochee Technical Institute
School · 1.1 mi away
Inverness Middle School
Secondary · 1.3 mi away
Pleasant Grove Elementary School
Elementary · 1.4 mi away
Citrus High School
Secondary · 1.7 mi away
Inverness Primary School
Elementary · 1.7 mi away
A Fresh Start Learning Center
School · 2.0 mi away
Hernando Elementary School
Elementary · 4.0 mi away
Inverness Christian Academy
School · 4.3 mi away
Forest Ridge Elementary School
Elementary · 6.6 mi away
Cypress Creek Academy
School · 7.1 mi away
Floral City Elementary School
Elementary · 7.5 mi away
All About Kids Preschool
School · 7.5 mi away
Citrus County Renaissance Center
School · 7.8 mi away
Lecanto Primary School
Elementary · 7.9 mi away
Lecanto Middle School
Secondary · 8.1 mi away
Crest School
School · 8.1 mi away
Lecanto High School
Secondary · 8.2 mi away
Camp E-Nini Hassee
Secondary · 8.3 mi away
Seven Rivers Christian School
Elementary · 8.5 mi away
Saint John Paul II Catholic School
School · 8.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4452 E REJOICE STREET, INVERNESS, FL | $159,900 | 3 | 2 | 1,593 |
| 2080 Forest Drive, Inverness, FL | $159,900 | 2 | 2 | 1,040 |
| 4452 E Rejoice Street, Inverness, FL | $159,900 | 3 | 2 | 1,593 |
| 3732 E Flint Lane, Inverness, FL | $164,900 | 3 | 2 | 1,248 |
| 1317 CARL STREET, INVERNESS, FL | $165,000 | 2 | 1 | 1,008 |
| 1317 Carl Street, Inverness, FL | $165,000 | 2 | 1 | 1,008 |
Moving Cost Estimate
EXIT Agents in INVERNESS
Listing Courtesy: PALM LIFE REALTY - 888-877-4040
Last Updated: 2026-06-08