The Osceola County School District has set a minimum price of nearly $3 million for 45 acres of surplus land across three sites it's selling in the fast-growing St. Cloud submarket.
Two of the sites were donated to the district by developers in exchange for school impact fee credits, but the county's school board has elected not to build schools at those locations.
Bidders are not required to bid on all three sites, but they must include $25,000 in earnest money per site.
At 25 acres, the "Lakeview" site is the largest of the three parcels and has a minimum bid price of $1.4 million. It's next to Lakeview Elementary and just a block from East Lake Tohopekaliga. The parcel is surrounded on two sides by Sugar Mill, a 55-plus mobile home community.
The "Covington Estates" property comprises a total of 19 acres on both sides of Pine Tree Drive, next to the Canoe Creek Christian Church of St. Cloud. It also abuts the final phase of Covington Estates, which was sold recently to M/I Homes and rebranded as Reserve at Pine Tree.
The district set a minimum bid price of $1.3 million for that parcel.
The third parcel, with a minimum price of $146,000, is the old "Cannery" site on Virginia Avenue between 9th and 10th streets. It's just under 1 acre, and once housed a historic school house and depression-era cannery that students converted into a museum in the 1990s.
The land is now mostly vacant, except for an 1,808-square-foot concrete block building that was built in 1955.
The invitation to bid is posted on VendorLink. Bids are due April 24, and the district has scheduled a non-mandatory pre-bid conference on April 3.
The anticipated award date is May 15. Successful bidders must pay all closing costs and recording costs.