Residential Land for Sale in Cape Fair, Missouri
126 Melton Peninsula, Cape Fair, MO 65624
CHECK OUT THIS DEVELOPER SPECIAL WITH THE HIGHLY COVETED R-3 ZONING & NIGHTLY RENTAL APPROVED (high density multi-family zoning with a proposed 12 unit build plan)! Discover endless potential at 126 Melton Peninsula in Cape Fair, MO. This 4.52 +- acre parcel is a perfect setup for developing a cozy lakeside neighborhood. Imagine a community where neighbors gather to enjoy breathtaking water views and relaxed outdoor living. Cape Fair is known for its friendly lake vibe, natural beauty, and easy access to local amenities--ideal for anyone looking to build something special. If you've been dreaming of creating a modern yet welcoming retreat by the water, this property is ready for your vision! Seller paid development documents (survey & civil plan) are readily available for buyer review. The sellers are even willing to help the buyer with documentation/permits/walking through of the development process, as needed!! *The Sellers are reviewing offers in the order they are received*
Location
- Street address
- 126 Melton Peninsula
- County
- Stone County
- Elevation
- 994 feet
Directions
Starting from Cape Fair take Highway 76 heading west, turn South on to Shadrack Rd and continue for a mile or so, then turn south on to Meltons Peninsula Rd, Land/Lot is on your left.
Property details
- Acreage
- 4.52 acres
- MLS #
- GSBOR 60287219
- Posted
Parcels
- 10-2.0-03-000-000-075.005
Details and features
Listing
- Type
- Land
Lot
- View
- Lake
- Features
- Acreage, Paved, Valley View, Wet Weather Creek, Wooded/ Cleared Combo
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Reeds Spring | Elementary | — | — |
| Reeds Spring | Middle | — | — |
| Reeds Spring | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 22, 2025 | Price drop | $145,000 | $10,000 -6.5% | GSBOR |
| Apr 4, 2025 | Price drop | $155,000 | $10,000 -6.1% | GSBOR |
| Feb 28, 2025 | Price drop | $165,000 | $10,000 -5.7% | GSBOR |
| Feb 14, 2025 | New listing | $175,000 | — | GSBOR |