Developers (TAKE A LOOK) 27 ACRES INSPIRATIONAL OAK Foley al

Vacant Land for Sale
Catylist Listing ID: 30286312
Property Subtypes: Multi-Family, Vacation/Resort
Gross Land Area: 27 Acres
Sale Price: $698,000
Unit Price: $25,851 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2018

Overview / Comments

Unzoned (zone 14) Incredible location. 27 acres across from Fish River Wildlife reserve. Lots of big plans for this parcel that wraps around Inspirational Oak. Over $125,000 in Engineering and pre-paid sewer tabs. Engineering plans show 202 RV lots. Typical RV size lot is 35x70. Density 7.5/AC. Private streets, 7.21 open space. Site plan shows park, office, pool, tennnis, volleyball and wash down site. Great development project. Sending over Engineered Plans.

I have a letter from BCSS Baldwin County Sewer Service Dated June 11th 2018 that states :
This letter is to confirm that on Aug 23,2007, Hidden Oaks LLC paid $84,415.00 for 205 RV taps. These taps are still available for use as RV taps. It is possible for these taps to be converted to other uses (single family homes, Apartments, Commercial, etc. based on the conversion formula. However, any conversions would be subject to an upcharge based on the difference in a single family residential tap prices wen you purchased these taps versus the current price of residential taps.
Fairhope water
Baldwin county sewer (which needs to be run)
Baldwin county EMC
Magnolia Springs/ Foley address
Two blocks north of Hwy 98.

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-55-09-30-0-000-011.000
Zoning: UNZONED
Property Located Between: Fairhope and Magnolia Springs
Property Visibility: Good
Legal Description: parcel # 55-09-30-0-000-011.000 27 acres
Largest Nearby Street: Foley
Area Description: Wild life reserve across the street with wooden walking bridges.
Part of Planned Development?: Yes
Development Name: Hidden Oaks

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,814 15,234
Median Age: 44.39 42.25
Households: 1,570 5,981

Contact

Photograph of Listing Agent

Renee Beasley

Sperry CGA-The Andrews Group Gulf Coast CMLS Member
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