I saw this happen to a lot of developments in 2008 in Myrtle Beach. Only now are some being built again. Could be a bankruptcy which has caused a foreclosure on the development, could be the development is in an estate battle etc. These things take forever.

Here is what I found on the Sumter County GIS:
The 4 houses are the first 3 items, one of the larger sections of undeveloped land is the last item. I did not bother to look at all of the individual sections.
Looks like multiple owners(?) which is probably why it sits undeveloped. (just my uninformed guess.)

Owner / Mailing Address:
FLORIDA CITIZENS BANK
11714 NE 62ND TERRACE, SUITE 400
THE VILLAGES, FL 32162
Street Address:
Sec/Twp/Rng: 15/18/23
Brief Description: TRACTS B H I J K L AND LOT 1 BLK A VILLAGE PARK CENTER PB 10 PGS 23A-23B LESS THAT PORTION OF TRACT H DESC AS: COMM AT SE COR OF
Land Use: VACANT COMMERCIAL (01000)
Neighborhood Code: 6480
Tax District: County (1001)
Sales:
8/30/2017 3307/679
Improved $100.00
12/1/2013 2773/115
Vacant $100.00


Owner / Mailing Address:
VILLAGE PARK ESTATE HOMES LLC
1100 S SR 7 STE 202
MARGATE, FL 33068
Street Address: 11810 NE 63RD DR
Sec/Twp/Rng: 15/18/23
Brief Description: LOT 11 A PORT OF TRACT H VILLAGE PARK CENTER PB 10 PGS 25-25A DESC AS COMM AT SE COR OF NE1/4 OF NW1/4 RUN S 69 DEG55'20 W 577.9
Land Use: VACANT RESIDENTIAL (00000)
Neighborhood Code: 6480
Tax District: County (1001)
Sales:
1/1/2009 2025/214
Vacant $100.00
10/1/2008 2008/537
Vacant $450,000.00


Owner / Mailing Address:
CITIMORTGAGE INC
1000 TECHNOLOGY DRIVE
O'FALLON, MO 63368
Street Address:
Sec/Twp/Rng: 15/18/23
Brief Description: LOT 9 A PORT OF TRACT H PB 10 PG 23 DESC AS COMM AT SE COROF NE 1/4 OF NW 1/4 RUN S 89 DEG 55 MIN 20 SEC W 577.99 FT N 00 DEG 04
Land Use: VACANT RESIDENTIAL (00000)
Neighborhood Code: 6480
Tax District: County (1001)
Sales:
12/3/2010 2261/81
Improved $0.00
10/1/2010 2239/507
Vacant $100.00


Owner / Mailing Address:
L & N LAND INVESTMENTS INC
PO BOX 250
LADY LAKE, FL 32158
Street Address:
Sec/Twp/Rng: 15/18/23
Brief Description: TRACTS G & P VILLAGE PARK CENTER PB 10 PG 23-23A LESS THAT PORT OF TRACT P DESC AS: COMM AT SE COR OF NE-+ OF NW-+ RUN S 89 DEG
Land Use: VACANT/ MISC BLDG (00700)
Neighborhood Code: 6480
Tax District: County (1001)
Sales:
1/1/2013 2558/476
Vacant $100.00
3/1/2008 1927/327
Vacant $7,125,000.00

Wouldn"t you?

From the airial photo it does not look like there would be an easy connection to the existing streets. Cart access could be gained via Shady Lane, but vehicle access would at the Hampton Inn on 466. I think this area would be somewhat “isolated” from the rest of The Villages. Maybe the Morse’s just passed on this property.

A lot of land not being used in the heart of TV with easy access to 466, next to baseball & Polo fields. I thank everyone for their help in trying to fill in parts of this story. I hope this land is able to be used sometime in the near future as it now looks forlorn and out of character for TV.

You could be on the right track here. I clearly remember the owner of the Hampton Inn on 466 having a terrible fatal accident in a fall from a crane. He was a young man and it could be that his wife put everything on hold.

This link will give more information: Fall Kills Developer At Villages Hotel Site - tribunedigital-orlandosentinel

I recall that there was ROW issues with this property so the developer gave up and finally went bankrupt. I don't remember where that info came from, but it happened after we first bought here in 2008. So 2009 to 2010 would have been the timeframe.

It may have been that when the owner of the Hampton Inn died the ROW issues began.

If you like that neighborhood, about a 1/4 mile east on the same side of the street there is a home for sale for $3 million. It must be by the Morse family, it appears to be within their compound. It states the home was built in 1999 and includes 41 acres. It faces 466 directly across from Laurel Valley. I noticed it about 3 months ago and then forgot about it, and decided to see if it's still on the market, yes it is. Here's what you get.

11262 NE 72nd Blvd, Lady Lake, FL 32162

https://photos.zillowstatic.com/p_h/...1000000000.jpg

https://photos.zillowstatic.com/p_f/...1000000000.jpg

https://photos.zillowstatic.com/p_f/...1000000000.jpg

https://photos.zillowstatic.com/p_f/...1000000000.jpg

https://photos.zillowstatic.com/p_f/...1000000000.jpg

https://photos.zillowstatic.com/p_f/...1000000000.jpg

https://photos.zillowstatic.com/p_f/...1000000000.jpg

https://www.zillow.com/homes/for_sal...74_rect/15_zm/

Maybe because he later said, “Actually, you can drive the roads with ease as there are no gates and didn’t see any “Private Property or No Trespassing “signs. And, no "For Sale Signs".

Who are the
BUESCHER'S?

I think the Morses are very good business negotiators and are excellent at assessing what is a "fair price" for their margins and also skillful at not buying property that doesn't fit their price criteria.

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Don't Make Me Laugh!
 

Perhaps I don't understand your meaning of "fair price".

I would expect them to drive hard bargains. It isn't a baby game and it isn't the government wasting money. It is free market negotiating.

Gary Morse lived for years just north of 466 in the Morse compound where his second wife Renee still owns the property and it can be found on sumterpa.com. When his first wife became very sick with cancer they lived in the Cottages near Lake Sumter Landing since it was all on one floor. Gary Morse died in Europe where he sought treatment for his cancer about three years ago. Harold Schwartz, Gary Morse's father lived in Hickory Head Hammock near Spanish Springs. Gary Morse's sister still lives and runs the old family business in Brownwood, Michigan still making and selling home made donuts and running the little store there. She has visited The Villages often but still prefers rural Michigan. This from a guest in our home who knew the Morse family in Michigan when she was young.(And speaks highly of them)