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$ 3,750,000
Est. payment /mo
Active
11955 27 MILE RD Washington, MI
36.58 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Municipality Washington Twp
Subdivision Washington Twp
MLS Listing ID 20261064792
Annual Tax Amount $1,463
Lot Size 36.580 Acres
Acres 36.58
Lot Dimensions 1900 x 2604 x 1573
Source Realcomp
Property Description
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
Location
State MI
County Macomb
Zoning Residential
Direction North of 27 Mile Rd., East of Jewell Rd.
Exterior
View Y/N No
Schools
School District Romeo
Others
Tax ID 240426300004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://youtu.be/whM9m0ylr-A?si=t7m6NZGjLjt45m0_
Listed by Vanguard Realty Group
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