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The Enclave - The Enclave 0.18 Acres of Residential Land Offered at $1,500,000 in Waco, TX 76704
INVESTMENT HIGHLIGHTS
- Poised for exponential returns
- Ideal for builders and investors alike
- Short-term investment horizon
EXECUTIVE SUMMARY
Here, a package of 13 lots poised for exponential growth presents the opportunity to acquire the vast majority of the remaining lots (only a single additional lot is for sale currently by an unaffiliated third party) at the perfect inception point as construction and sales are ramping up. Developed initially on the site of the former Lakewood Country Club, The Enclave’s first lot was sold in 2006 at a time when dense housing and a gated approach were foreign concepts to Wacoans. Today, with the growth of Baylor University, emergence of healthcare networks merging with local providers, and influx of new business moving to the cost effective but centrally located IH-35 corridor which runs through Waco, The Enclave is enjoying a renaissance and relative construction boom.
Just 10 minutes from Baylor University, Waco’s rapidly evolving downtown, the treasure that is Cameron Park and just a stone’s throw from the Waco Regional Airport, The Enclave remains home to only buildable lots in an exclusive sub-division with or without lake views. With sales of $1,000,000+ residences doubling in less than 5 years, demand for The Enclave’s characteristic features, amenities, location, and consistency of build-out is rapidly accelerating.
Whether you’re seeking a safe, savvy investment to hold and manage sales of individual lots or you’re seeking to build luxury homes in a sub-division rich with comparable sales and high demand, The Enclave offers a unique, once in a lifetime opportunity for exponential returns with very little effort.
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 0.18 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R-1 | ||
| Price | $1,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 0.18 AC |
| Opportunity Zone |
Yes |
| Zoning | R-1 |
1 LOT AVAILABLE
Lot Multiple
| Price | $1,500,000 | Lot Size | 0.18 AC |
| Price Per AC | $8,333,333.33 |
| Price | $1,500,000 |
| Price Per AC | $8,333,333.33 |
| Lot Size | 0.18 AC |
Comprised of 13 sub-divided, platted lots in The Enclave neighborhood.
DESCRIPTION
Waco’s premier gated community, The Enclave offers exceptional upside for builders and investors alike. Prized for its central location, walled approach inclusive of an impressive guard house (unique to Waco), and picturesque views of Lake Waco; the Enclave features the last remaining lake view lots for sale in ALL of Waco. Here, a package of 13 lots poised for exponential growth presents the opportunity to acquire the vast majority of the remaining lots (only a single additional lot is for sale currently by an unaffiliated third party) at the perfect inception point as construction and sales are ramping up. Developed initially on the site of the former Lakewood Country Club, The Enclave’s first lot was sold in 2006 at a time when dense housing and a gated approach were foreign concepts to Wacoans. Today, with the growth of Baylor University, emergence of healthcare networks merging with local providers, and influx of new business moving to the cost effective but centrally located IH-35 corridor which runs through Waco, The Enclave is enjoying a renaissance and relative construction boom. Just 10 minutes from Baylor University, Waco’s rapidly evolving downtown, the treasure that is Cameron Park and just a stone’s throw from the Waco Regional Airport, The Enclave remains home to only buildable lots in an exclusive sub-division with or without lake views. With sales of $1,000,000+ residences doubling in less than 5 years, demand for The Enclave’s characteristic features, amenities, location, and consistency of build-out is rapidly accelerating. Whether you’re seeking a safe, savvy investment to hold and manage sales of individual lots or you’re seeking to build luxury homes in a sub-division rich with comparable sales and high demand, The Enclave offers a unique, once in a lifetime opportunity for exponential returns with very little effort.
PROPERTY TAXES
| Parcel Number | 48-033005-000100-2 | Improvements Assessment | $11,294,180 |
| Land Assessment | $3,105,820 | Total Assessment | $14,400,000 |
PROPERTY TAXES
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The Enclave - The Enclave
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