Under contract-accepting backup offers. This prime development opportunity spans approximately 96 acres, priced at $3.9 million. It boasts future land use approved for one dwelling per acre and has already received county pre-approval for 85-90 homes. At 85 homes, each lot would cost around $45,882. The property is situated in a prime residential area surrounded by developed neighborhoods and ongoing residential projects, making it an attractive investment. One parcel fronts East Road, making it ideal for residential development. Additionally, the property features income-producing assets, including a parcel with three cottages, a spacious 5,000 +/- sqft single-family home, and a large 2,000 sqft barn. Another parcel includes not one but two 2,000 +/- sqft homes and a versatile 40x40 two story garage with three bay doors. Enhancing the property's appeal are two spring-fed lakes, adding scenic value and potential recreational opportunities for future residents. This expansive property offers a unique blend of pre- approved residential potential and existing income-producing structures. Situated in a thriving area with ongoing developments, it provides an exceptional opportunity to meet market demand for new homes. Imagine creating a vibrant new community where future residents can enjoy the tranquility of spring-fed lakes and the convenience of nearby amenities. This rare chance to develop 96 acres in a burgeoning area promises substantial returns. Act now to secure a premier development site and shape the future of this sought-after neighborhood. Contact today for more details and to schedule a viewing of this exceptional property!

Listing courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL 7274599013



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Data last updated at: 2024-10-29 08:00 PM EDT