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1877 Arbuckle Creek Road

SEBRING, FL 33870
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SqFt223,798

Sqft(Lot)

Acres5

Acres(Lot)

Waterfront townhome development with 3 completed units and over $4M already invested in infrastructure. Priced at only $52,941 per unit for the improved 2.5-acre site ($2.4M) or $2.9M for the full 5-acre project with additional 31± unit Phase II land at only $16,129 per unit. The Oasis Townhomes on Dinner Lake are well underway with three units already completed and issued Certificates of Occupancy. Capitalize on the work already completed and pick up where the previous builder left off. Over $4 million has already been invested in infrastructure, including roads, underground electric, irrigation, lift station, and central water and sewer extended to individual lots—ready for construction of 17 additional units. The completed units are AMAZING! Featuring a unique three-story design, the floorplan is perfect for a blended family while still providing a sense of privacy and separation of space. The main floor includes the garage, kitchen, laundry, living room with 20-foot soaring ceilings, balcony, and lakeview primary suite. On the basement level you will find a bedroom, bathroom, and living space with walk-out doors leading to a screened porch, creating the perfect place to enjoy your morning coffee while taking in the beautiful lake views. Upstairs offers two additional bedrooms, a bathroom, and an open loft area ideal for an office, game room, or additional living space. These units feature granite countertops throughout, staggered cabinetry, rounded corners, crown molding, upgraded fixtures, and more. Units 1936 and 1938 showcase the popular modern grey and white color scheme with chrome and silver accents, while Unit 1942 offers a more traditional style with oak cabinetry and warm brown and beige tones accented with bronze and iron finishes. The roof system provides the appearance of barrel tile but is actually metal, and came with a 60-year warranty when installed. The development sits on 2.5 acres with over 210 feet of frontage on beautiful Dinner Lake. The adjoining 2.5 acres may also be included for $2.9M total purchase price and was originally slated for Phase II of the development. This parcel features beautiful sandy beaches and offers the potential for up to 31 additional units to be designed by the new owner, or could be developed into community amenities such as a clubhouse, pool, and common areas for the HOA. The townhome documents and association corporation have already been formed and approved by the state, and will be transferred to the new owner. Set the fees and rules as the development evolves. This is a perfect scenario for an investor or developer. Build out the remaining units, sell them individually, and retain long-term residual income through HOA management and fees for years to come. If you'd like, I can also create a much more aggressive “commercial broker” version (about 25% shorter but even more powerful) that tends to generate more calls from developers scanning MLS listings.

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Detail Ic Property Details

Property Type : Land

Price : $2,900,000

AD Id : 76033514

MLS Id : MFRL4960093

Lot Size : 5 Acres(Lot)

Living Area Size : 223,798

County : Highlands

Subdivision: Harrell

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Feature Features

  • Water Source

    Water front: 1
    WaterSource: Public

  • Lot Information

    Lot Dimensions: 236x500 Lot Description: Cleared, Compact Soil, Filled, City Limits, Landscaped, Paved, Private Lot Square Feet: 223798 Lot Acres: 5 Lot Size (SqMt): 20792

    Property Information

    Property Type: Land

  • Listing Price Information

    Original List Price:$2900000

  • Tax Information

    Tax Block: 20 Tax Book Number: 29 Tax Lot: 99A Tax Legal Description: DINNER LAKE SUBURB TB-PG 3A LOT 99A + 100 -LESS ELY 38.4 FT M/L + CLOSED RD PER OR 327-564 Annual Tax: $4828.23 Tax Year: 2025 Parcel Number: S-17-34-29-020-0000-099A

  • Utility Information

    Cable Available, Cable Connected, Electricity Available, Mini Sewer, Phone Available, Public, Sewer Connected, Water Available, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: DINNER LAKE SUB City: SEBRING Direction: U.S. 27 to Sebring PKWY east to Home ave. Left on S.R. 17 to Arbuckle Creek Rd., east 1/4 mile to property on right.
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Nearby Home Value

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215 Roadrunner Avenue, Sebring, FL, 33870 $25,000 -- -- -- 9,000 Sqft(Lot)
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8121 Armisha, Sebring, FL, 33870 $8,950 -- -- -- Acres (Lot)--
1200 Arbuckle Branch Road, Sebring, FL, 33870 $1,200,000 -- -- 2,274,268 52.21 Acres(Lot)
6033 Royal Palm Street, Sebring, FL, 33870 $8,900 -- -- -- 0.49 Acre(Lot)
6033 Royal Palm Street, Sebring, FL, 33870 $8,900 -- -- -- Acres (Lot)--
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449 S Cross Road, Sebring, FL, 33870 $9,900 -- -- -- Acres (Lot)--
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ByOwner last updated this listing 07/20/2026 @ 18:20

MLS: MFRMLS #L4960093 LISTED BY: Gregory Karlson, ADVANTAGE REALTY 1 863-386-1111 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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