$1,320,000
$1,600,000
17.5%For more information regarding the value of a property, please contact us for a free consultation.
7.92 Acres Lot
SOLD DATE : 09/21/2022
Key Details
Sold Price $1,320,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Pinewater Farm
MLS Listing ID DESU2020536
Sold Date 09/21/22
HOA Fees $16/ann
HOA Y/N Y
Originating Board BRIGHT
Lot Size 7.920 Acres
Acres 7.92
Property Description
11- 1/2 acre parcels! Subdivision is part of WATERFRONT COMMUNITY Pinewater Farm and includes access to boat ramp and common areas. Subdivision is County approved (awaiting final recording). Central sewer is currently being installed by County and already fronts all but 3 parcels. Those 3 parcels will need to be completed by Buyer/Developer.
Buyer to install infrastructure and has until April 2025 to install.
Low annual Association fees - just $200 per year per parcel.
Pinewater Farm has minimal Restrictions which makes this an ideal investment piece for any Buyer/Developer.
Location
State DE
County Sussex
Area Indian River Hundred (31008)
Zoning AR1
Exterior
Amenities Available Boat Ramp, Common Grounds
Water Access N
View Water, Creek/Stream
Garage N
Building
Lot Description Cleared, Cul-de-sac
Sewer Other
Water Well Permit Not Applied For, Well Required
Schools
School District Cape Henlopen
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Andrew Timmons • Ocean View Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "