PURCHASE OPTIONS: As-is- $8,000,000($62,992.13 per planned unit). Buyer acquires the project in its current condition. Pad-Ready- $10,000,000 ($78,740.16 per planned unit). Includes an additional $2,000,000 for the seller/GC to complete the work necessary to deliver the 127-unit project pad-ready. DEVELOPMENT OPPORTUNITY! Property type: Convertible Land & Condominium Development Acreage: 6.93 acres Planned residential units: 127 Development Structure: Single-phase project DEVELOPMENT PROGRAM * 11 Ten-Plex Buildings (110 Units) * 1 Eight-Plex Building (8 Units) * 1 Four-Plex Building (4 Units) * Additional Residential Allocation (5 Units) * 14 Residential Buildings + Storage Facility * Total Planned Residential Units 127 INVESTOR ADVANTAGES * Fully engineered condominium development opportunity * Civil engineering, grading, drainage, utility and roadway plans approved * Excavation/site approvals obtained * Minutes from Sand Hollow Reservoir and Golf Course * Second-home marked location * Access to 16 Pickleball Courts * Single-phase development plan for all 127 units * Two acquisition options: purchase as-is or purchase pad-ready DEVELOPMENT STATUS Civil engineering, grading, drainage, utility, and roadway plans are approved. Final architectural and building permit approvals are pending.
