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$ 1,500,000
Est. payment | /mo
64.7 Acres Lot
$ 1,500,000
Est. payment | /mo
64.7 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status New
Purchase Type For Sale
Subdivision Misty Grove
MLS Listing ID 10839039
HOA Y/N No
Lot Size 64.700 Acres
Acres 64.7
Lot Dimensions 64.7
Property Sub-Type Residential Lot
Source Georgia MLS 2
Property Description
Misty Grove Lake Oconee Area 132 Lot SFR Development Tract w/ Sewer! At $11,364 per lot (raw), this one is certainly worth a look. Offering includes approximately 64.94 acres and 132 remaining residential lot opportunities consisting of 1 vacant developed lot in Phase 1, 32 fully engineered Phase 2 lots currently submitted for approval, and 99 future Phase 3 lots shown on the approved master concept plan. The original multi-phase concept was approved with the 2008 rezoning. Phase 1 is fully developed with homes built and sold on 51 of 52 lots, providing proven neighborhood acceptance and direct resale history. Most Phase 1 homes were constructed from 2019-2022. The last new home sold in 2022 for $240,000, with subsequent neighborhood resales ranging from approximately $254,000-$299,000. A recent 5-mile market study of single-family homes priced from $200,000-$400,000 shows 67 closed sales during the prior 12 months, with a $352,145 median sale price, approximately $175/SF median sale price and 44 median days on market. The property is zoned RM-3 with a 1,000 SF minimum home size. Phase 2 lots average approximately 0.23 acre. Water and sewer are served by Piedmont, power by Tri-County EMC, and high-speed internet options include Sparklight fiber and AT&T Air. Misty Grove offers an attainable new-home opportunity minutes from Lake Oconee, Sugar Creek Marina, golf, restaurants, shopping and Lake Oconee Village/Publix. The anticipated target for new detached homes is approximately $285,000-$350,000, a price point within the broader Lake Oconee market that is in high demand. Full civil plans, preliminary plat, concept plan, aerial overlays and due diligence package available upon request.
Location
State GA
County Putnam
Rooms
Bedroom Description No
Interior
Fireplace No
Exterior
Community Features None
Utilities Available None
View Y/N No
Private Pool No
Building
Lot Description Other
Faces Directions From Harmony Road, turn onto Misty Grove Lane.
Sewer None
Water None
New Construction No
Schools
Elementary Schools Putnam
Middle Schools Putnam County
High Schools Putnam
Others
Tax ID 098 004
Acceptable Financing Other
Listing Terms Other
Virtual Tour https://www.propertypanorama.com/instaview/sav/CL362414

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