$ 3,750,000
-
$3,750,000
Price -
36.58
Acre
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About the Listing 348193 - 304264
FULLY ENTITLED, SITE PLAN APPROVED AND FULLY ENGINEERED 56-LOT LUXURY RESIDENTIAL DEVELOPMENT IN PREMIER WASHINGTON TOWNSHIP. Yates View Estates is situated on approximately 36 acres in the highly coveted and rapidly growing Jewell Road corridor. Located along 27 Mile Road just east of Jewell Road and less than one mile from M-53, the property offers an increasingly rare opportunity to acquire substantial, development-ready residential lot inventory in one of northern Macomb County’s strongest new-construction markets. The approved development features 56 estate homesites with 85'+ lot widths, designed to support upscale single-family homes targeting approximately $850,000-$1,000,000+. Recent record-setting new-construction sales in the immediate market have exceeded $350/SF, while premium finished homesite values exceed $250,000 per lot, providing compelling underlying economics for builders, developers and investors. The surrounding corridor continues to experience significant residential investment, including an established national homebuilder presence and strong demand for higher-end new construction. Yates View Estates is FULLY ENTITLED, SITE PLAN APPROVED AND FULLY ENGINEERED, substantially reducing the entitlement risk, uncertainty and lead time typically associated with raw development land. Budgetary site-development quotes are on file together with an engineer-approved development cost estimate, providing prospective purchasers with increased visibility into anticipated horizontal development costs and overall project economics. The community is designed for CITY WATER AND CITY SANITARY SEWER, public roads and a fully engineered stormwater management system. The thoughtfully planned neighborhood also incorporates landscaped entry features, open space, preserved wetlands and natural buffers, creating a distinctive setting appropriate for the targeted luxury home product. With 56 approved luxury homesites, completed engineering, municipal utilities, strong surrounding home values and proven luxury-market
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Water at Street
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 1900 x 2604 x 1573
- Zoning: Residential
- Roof:
- Others: Paved
- Sewer: Sewer at Street
Financial Details
- Tax Amount: $1,463
- Taxes w/Assessments: N/A
- Tax/Property ID: 240426300004
- Tax Year: N/A
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11955 27 Mile Rd Washington Twp, MI 48094
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