Spruce Road, Eagle Lake, FL 33839

BANK OWNED - Vacant lake front land, which still serves as a viable citrus grove, through which Spruce Road passes, thus maintaining low real estate taxes due to the agricultural exemption. Located approximately one mile south of downtown Eagle Lake onbeautiful Lake McLeod, a 650 acre freshwater lake. Although this property is still a functioning, producing Citrus Grove (and priced accordingly) it has been approved by the City Of Eagle Lake to develop "The Reserve At Eagle Lake", with 237 residentialbuilding lots. This development is minutes away from the new CSX Inter-Modal Facility. It is also minutes away from Legoland Florida (formerly Cypress Gardens) which is scheduled to open in 2011. The 63 acres consists of the following: Parcel #1 - 26.74 Acres Valencia Oranges, #2 - 16.38 Acres Early/Mid Orange, and #3 - 20.02 Acres Early/Mid Orange. Existing Contracts with Florida's Natural.