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$50,900
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Property Description
One or more photo(s) has been virtually staged. DOUBLE LOT - RARE INVESTMENT OPPORTUNITY IN INVERNESS HIGHLANDS Discover a true double lot totaling 0.45 acres in the desirable Inverness Highlands area of Citrus County. This oversized parcel is equivalent to two standard residential lots and has been approved by Citrus County for multiple development options. Zoned Medium Density Residential (MDR), this property offers exceptional flexibility. You may build two separate single family homes or one duplex, creating the opportunity for two rental incomes from a single acquisition. For investors, this represents a powerful strategy to maximize returns with the efficiency of developing two units on one combined lot. This property also offers the possibility of splitting the lot into two parcels and selling them separately, building one home while retaining the second lot as a future resale asset, constructing your primary residence with an oversized homesite, or designing a custom home with room for a pool, workshop, RV storage, detached garage, or expansive outdoor living space. With no HOA restrictions, you have full design freedom and no association limitations. Electricity, cable, high speed internet, and telephone services are available nearby. Well and septic are required, providing greater independence and potentially lower long term operating costs. Located in a peaceful residential neighborhood just minutes from downtown Inverness, this property offers privacy while remaining close to shopping, medical facilities, parks, lakes, and boat ramps. Outdoor enthusiasts will appreciate proximity to the Withlacoochee State Trail, one of the longest paved biking trails in Florida, perfect for cycling, walking, and enjoying nature. Strategically positioned approximately one hour from Orlando, Tampa, and Ocala, with convenient access toward the Florida Turnpike and a short drive to the Gulf Coast, this location offers both accessibility and lifestyle appeal. Citrus County is also known for its relatively low annual property taxes, enhancing long term value and affordability. Whether you are an investor seeking rental income potential, a builder exploring multi unit development, or a homeowner looking for space, flexibility, and long term value, this double lot presents a rare and cost effective opportunity in one of Inverness's most attractive non HOA communities. Opportunities like this are increasingly limited.
Full Property Details
Full Property Details for 3298 E Pierce St
General
- Price: $50,900
- Taxes: $216 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: O6365923
- Updated: 2/14/2026
- Added to Site: 86 day(s) ago
Location
- Area: 34453 - Inverness
- County: Citrus
- Development Name: 34453 - Inverness
- Driving Directions: From Downtown Inverness, take US-41 N (N Florida Ave). Turn right onto E Hampshire St, then left onto N Croft Ave. Continue and turn right onto E Pierce St. The property will be on your right.
Community
- Community Name: 34453 - Inverness
Utilities
- Sewer: Septic Needed
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Fiber Optics, Fire Hydrant, Phone Available, Propane, Street Lights, Telephone Nearby, Utility Pole
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.45
- Lot Size (Sq. Ft.): 19,600
- Lot Size: 19600
- Lot Dimensions: See Survey / Per Plat Map
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $113,111
- Tax Amount: $216.73
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: INVERNESS HGLDS UNIT 1 PB 2 PG 93LOTS 1, 2, 3, 4, 5 & 6 BLK 8
- Flood Zone Info: X
- APN: 19E19S020010 00080 0010
- Property ID: 19E19S020010 00080 0010
- Block/Lot/Section: 8
Listed by Empire Network Realty
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Schools
Schools serving 3298 E Pierce St
School District:Citrus County School District
| Name | Grades | Distance |
|---|---|---|
Hernando Elementary School 2975 E Trailblazer Ln, Hernando, FL 34442 | PK-5 | 3 mi |
Inverness Middle School 1950 U.S. 41, Inverness, FL 34450 | 5-8 | 2.2 mi |
Citrus High School 600 West Highland Boulevard, Inverness, FL 34452 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3298 E Pierce St
Date
Details
Price
Change
Source
2/14/2026
Price Reduced
$50,900
-2.12%
MLS
12/08/2025
Listed
$52,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3298 E Pierce St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$217
109%
$12,840
15%
2024
$104
14%
$11,160
22%
2023
$91
60%
$9,180
108%
2021
$57
-21%
$4,420
-33%
2022
$72
26%
$6,600
67%
2021
$57
21%
$3,960
7%
2018
$47
27%
$3,710
69%
2017
$37
-3%
$2,200
—
2016
$38
-21%
$2,200
-37%
2019
$48
-16%
$3,500
10%
2015
$57
10%
$3,179
10%
2014
$52
-7%
$2,890
-6%
2013
$56
—
$3,060
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3298 E Pierce St
3298 E Pierce Street, Inverness, FL 34453 (MLS# O6365923) is a Lots/Land property with a lot size of 0.45 acres. 3298 E Pierce Street is currently listed for $50,900 and was received on December 08, 2025. Want to learn more about 3298 E Pierce Street? Do you have questions about finding other Lots/Land real estate for sale in Inverness? You can browse all Inverness real estate or contact a Coldwell Banker agent to request more information.

