Under contract-accepting backup offers. Welcome to an unparalleled opportunity in the heart of one of the most coveted areas for development – the Connected City. We proudly present to you an expansive 14. 25-acre canvas, ripe with potential and teeming with possibilities for your next triumph in real estate.
Nestled adjacent to the flourishing communities of Epperson Ranch, Mirada, and Watergrass, and on the brink of the illustrious King Lake development, this parcel stands as a beacon of promise in the landscape of growth. With its strategic location near the Interstate ramp at I-75, the county recreation center, and the newly announced John Hopkin's Children's Hospital, convenience intertwines seamlessly with opportunity.
Unlocking the gates to your dreams, this property offers the promise of a thriving townhome development. Imagine a tapestry of homes, thoughtfully designed to harmonize with the natural splendor that envelops this landscape. Picture streets lined with oak trees, offering shade and serenity to residents as they traverse their tranquil neighborhood.
Spanning 14. 25 acres, the canvas is vast, allowing ample room for your creativity to flourish. Rezoning opportunities beckon, with the potential to accommodate 6-12 units per acre, paving the way for a community that is both vibrant and sustainable.
But it's not just about the numbers; it's about the lifestyle. Here, you're not just building homes; you're crafting a sanctuary. Embrace the lush conservation areas that adorn this property, preserving the essence of nature while creating a haven for modern living.
Speaking of modernity, infrastructure enhancements are on the horizon, with roads set to be widened and paved down to Elam Road by the visionary developers of King Lake. This heralds a new era of accessibility and connectivity, ensuring that your residents are never far from the pulse of progress.
And the story doesn't end here. With contiguous parcels available for those with grander visions, the potential for expansion knows no bounds. Assemble this with the property next door for a 25 acre development, the canvas is yours to paint.
In conclusion, this isn't just a piece of land; it's a gateway to possibility. It's an invitation to sculpt the future, one brick at a time. So seize the moment, seize the opportunity, and embark on a journey that promises nothing less than greatness. Welcome to your next triumph. Welcome to 14. 25 acres of endless potential. Estimated 3. 47 usable acres. All estimates for acreage, usable acreage and development potential should not be relied upon by Buyers. Buyers and Buyer agents should perform their own due diligence with qualified engineers for any usable acreage estimates, etc.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,806 | $12,806 | $17,560 |
Total Monthly Payment | $12,931 | $12,931 | $17,685 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.