I-95 St., Edgewater, FL 32168

The property has a mix of improved pasture, planted pines, and hardwoods. The property is bordered by I-95 on its eastern boundary and SR 442 on it northern. To the west and south it is surrounded by a large undisturbed tract owned by the MiamiCorporation. The project is approximately 877 acres less Phase 1 purchased by Mercedes Homes. Mercedes Homes was in the process of obtaining development permits to develop a mixed use project over the next 10 years. They have obtained zoning approval to develop a maximum of 1,362 single and multifamily units and 360,000 square feet of non-residential buildings. Mercedes has purchased Village 1 and 12 with 25.76 acres of low density residential and 8.95 acres of commercial land. This property is alsoavailable for purchase and development. The property is currently being used as a cattle ranch and has ag exemption in place to help save money on the real estate taxes prior to development of the property.