Bring your Builder! Lot 62 Bright Lake Circle is Income producing and is a Waterfront 4.6 acre lot with 1.85 acres Buildable/High & Dry in the gated community of Clearwater Reserve where tranquility meets luxury! This lot has an annual Billboard lease on the very back of the property in the wetland area. The lease pays for the tax and HOA! A win/win. The lease is $1700 per year. Clearwater Reserve is one of central Floridas sought after county estate gated communities. Lot 62 has over 170 feet of road frontage and is 1228 feet deep which gives you ample space to build your dream home! Bright Lake Circle is a cul de sac street so no through traffic. No rear neighbors on this waterfront homesite. No time requirements to build, and you can bring your own builder. A minimum 2,000 square foot of living area is required, most homes in the community are much larger, and there are several new custom homes currently being built. Clearwater Reserve offers an unparalleled opportunity to build your dream home amidst sprawling acreage lots, surrounded by nature's splendor. Clearwater Reserve offers a variety of amenities, including tennis & pickle ball courts, a community fishing dock, and abundant open space. Private paved roads throughout the community. Convenient drive only 15 minutes to turnpike entrances either north of south, One of the best locations in this community. The community has underground electric utilities & Fiber Optic Cable recently installed through out the community. Just 54 miles away from Orlando International Airport, 5 miles to Publix Super Market, restaurants, the new Orlando Health Hospital. Conveniently located near U.S. Highway 27 and the Florida Turnpike, and is just minutes from the Harris and Clermont Chain of Lakes, numerous championship and executive golf courses, and the historic downtowns of Leesburg, Groveland, and Clermont.