Prime development opportunity adjacent to Grand Cayman Estates, an exclusive gated community featuring custom-built luxury homes starting at $1.3M. This 186 acre tract was originally intended as Phase III of Grand Cayman Estates and presents an exceptional opportunity for a developer to create a premier residential community in an already established luxury corridor. The property is situated beside a scenic 5-acre lake and walking trail, offering natural beauty and built-in lifestyle appeal for future homeowners. Recent land comps within Grand Cayman Estates have reached $195,000 for 1.5-acre lots, underscoring the strong value and demand in the immediate area. Property Highlights: * 186 undeveloped acres * Adjacent to luxury gated community * Next to 5-acre lake & walking trail * Strong surrounding lot sales * Ideal for estate lots or custom home development Restrictions & Development Conditions: No factories or industrial buildings; no rezoning for industrial use permitted. New development must be separately branded and not affiliated with Grand Cayman Estates. Separate entrance required; no access through Grand Cayman streets for construction or development activity. Buyers must conduct their own due diligence; public sewer connection required for lots under 1 acre. New owners responsible for 50% of lake upkeep and fish stocking expenses. This is a rare opportunity to develop a large-scale residential community alongside established luxury homes in a highly desirable setting.
Source: Better Homes and Gardens Real Estate Metro Brokers #5145639Report a problem
10/12/2013
Listed for sale
$36,000
Source: Better Homes and Gardens Real Estate Metro Brokers #5145639Report a problem
Hide
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.