This property is Off-Market
Lake, MS ·
2 AC · Land For Sale
Big Bay Lake
|Price||N/A||Property Sub-type||Residential (land)|
|Lot Size||2 AC||Property Use Type||Vacant/Owner-User|
|Property Type||Land||Total Lot Size||2 AC|
|Listing ID: 1282080||Date Created: 12/15/1999||Last Updated: 08/02/2002|
If you are looking for an enjoyable project with great return potential, consider these facts: *Over 10 miles of undeveloped shoreline (1,100 acres +/- lake surface) * Located in one of the fastest growing communities in the South * $40,000,000.00 in projected gross sales. * Considerable merchantible timber inventory. * Marketing program is ongoing. * Covenants/restrictions are in place. * Phased development/engineering ongoing. * Project Engineer estimates developable lot potential 250 more waterfront lots (.8 acre average) , and 550 off-water lots (1.4 acre average). * 6 year waterfront lot appreciation history 15%/year +/-.. * Utilities are anxious to expand customer base. * Demand is strong - lakefront lots are now selling pre-developed. * Everything is new - lake construction was completed in 1991 * Lot sales history and financials are available to qualified buyers. * Estimated cost of development approximately $7,500 - $8,500 per lot.
Big Bay Lake - the largest private lake development in Mississippi.
Big Bay, Lake, MS
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