$19,950,000 $107,096 est/mo Sourced by Back At You

Priory,SAINT ANN, OC 59500

SAINT ANN OC, 59500

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Description

A developer’s dream in a robust real estate market. Are you ready to seize the opportunity of a lifetime? Look no further than this exclusive offer 240 acres of prime development land nestled directly above the coveted and wildly successful North Coast gated and amenity filled housing development, Richmond Estates, in Priory, St Ann. Imagine the possibilities: a sprawling mega housing development boasting million-dollar views at every turn. With homes in Richmond Estates fetching a staggering US$450,000.00+ each, it’s clear that this is a market ripe for expansion. And with the current limited inventory’ of homes or large residential land tracts in prime locations’ for development available, the time to act is now! Here’s why this property is an absolute gem: Unparalleled Location: Situated atop the very sought after Richmond Estates gated housing development (https://www.youtube.com/watch?v=maDB4B-PYUE) and a 15 minute drive from another new and successfull oceanfront development, Paradisiac Beach Club (https://www.youtube.com/watch?v=J76Lk6BSEvA). This 240 acre land tract offers breathtaking panoramic views of both majestic mountains and the sparkling Caribbean sea. This marquee property is the epitome of meeting a burgeoning housing need accompanied by a rather healthy ROI (Return On Investment) once developed. Location, Location, Location. Alternatively, the entire 240 acre land tract is extremely flexible and can easily be multi-phased into a major affordable housing gated develoment or a blend of both affordable housing and a luxury home development given the land’s expansive mountain and ocean views, land topography, land mass and it’s varied access points to the major North/South highway and other parochial roads. Vast Acreage: With 240 acres at your disposal, the potential for development is limitless. And with 95% of this vast land tract being flat and buildable, you can bring your vision to life with absolute ease. Endless Possibilities: Whether you envision a mega housing development akin to the desirous Richmond Estates gated community or you prefer to create something entirely unique, this property provides the perfect canvas for your dreams. Investment Potential: Zoned for residential housing and offering the ability to construct up to 9 homes per acre, this property presents an unparalleled investment opportunity in a thriving real estate market. Infrastructure Ready: With water and electric infrastructure in close proximity, development couldn’t be more convenient. Plus, only minutes from the famed North/South highway along with multiple access points ensure ease of entry and exit for residents. And the best part? The price is incredibly negotiable! The owner will also entertain sensible joint venture or seller financing (Vendor’s Mortgage) possibilities. This is your chance to secure a lucrative deal and make your mark in the world of real estate development. Don’t let this opportunity slip through your fingers.

Details

MLS#O6192206
Listing TypeFor Sale
Sub-TypeFor-sale
StatusActive
Days On Site52
Listing Provided ByPRA AND COMPANY REALTORS | Paul Atkinson

Features

ZoningRESI
Acreage240.00

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of May 23, 2024 at 8:08:52 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 13 minutes ago
StateOC
CountyOut of Area
CitySAINT ANN
Zip Code59500
Area99999 Unknown
Listing VS Median (in 59500)
Price:
$19,950,000
low | high
Med:
$315,950
100% of Average
On Site:
52
low | high
Med:
64
81.25% of Average
Sourced by Back At You
Listing Updated: April 2, 2024 at 1:19:28 AM PDT