Updated over 9 years ago on . Most recent reply
House I want is on 5 acres, can I subdivide?
So a house I like is pretty nice but not great. It's priced at 265k. It's in Central FL in a growing area but yet still somewhat rural (for now anyway). So even tho the house is just ok, we are intrigued by the 5 acres it sits on. Not sure why but the house with the land is 265k, but in closer in areas to two , acres can be as high as 180k per acre. So this seems like a decent deal.
Is subdividing the lot into 1 acre or 1/2 acre lots doable? How can I know if I could sell the, and if they are desirable? Why hasn't anyone else thought of this, as the property/house has been for sale for over 60 days?
I work in the business, but on the production side. I have no idea about land or acquisitions. Should I ask someone at work that works in the land dept as a first step? Any help would be appreciated.