Description

Formerly a community lake and green area, this exceptional 6-acre property in Kendall includes a valuable DERM LOI outlining required steps for partial lake fill-in. Comparable residential land in this prime area is valued at over $6M, but this unique parcel is attractively priced to reflect the necessary initial investment and sweat equity. Preliminary engineering strongly supports development into a rental community featuring a boutique clubhouse, community pool, and scenic lakeside walking trail, delivering dual income streams: rental revenue and HOA amenity fees income projections range from $480K–$1.44M annually. Buyer will receive RSP Engineers’ preliminary conceptual site plan ready for County approval. Seize this rare equity-building opportunity.