Under contract-accepting backup offers. This prime 4.76-acre parcel, located just a stone's throw from The Villages' Brownwood Towncenter, represents one of the last remaining development sites on Powell Road. The property, consisting of two vacant land parcels totaling 207,338 square feet, offers an exceptional opportunity in one of Florida’s fastest-growing areas. Situated adjacent to the City of Wildwood’s Millennium Park, this site boasts direct access to essential community amenities while benefiting from the rapid expansion of The Villages—the largest and fastest-growing single-site development in the country.The property is zoned INS (Institutional), allowing for a range of institutional developments, such as public and private educational facilities, religious institutions, government buildings, cultural facilities, parks, recreational areas, and utilities. The City of Wildwood also may be open to rezoning for commercial retail uses, such as restaurants, further enhancing the property’s potential. Previously, the site had plans for a 95-unit assisted living and memory care facility and was rezoned to accommodate approximately 93 units, providing a solid foundation for future development.In addition, the property is one of the few available in the area with sewer capacity reservations, making it even more attractive for developers. A recent appraisal supports a value exceeding $2.2 million, but the owner has priced it aggressively for a quick sale. This exceptional location, combined with its zoning and proximity to The Villages, offers significant development potential. For more information, call or email today.