Attention Builders and Developers . Once in a lifetime opportunity. Completed 96 lot subdivision.
Appraised at 9.5 million in July. Will sell for 6.2 million.
Just completed riverfront subdivision for sale by owner. 96 lots 17 being on the river with ocean access. All of the roads are paved and all services are in, ready to build. Great location, half mile from elementary and high schools, 5 minutes from Navy Base and 2 golf courses, and 20 minutes to Jacksonville. Appraised in July for 9.5 million retail, we are asking 6.2 million. The subdivision is annexed to the city of Kingsland located 20min from Jacksonville airport 2min. from I-95 5 min. from 2 major golf courses with city water/ sewer, trash pick-up, cable TV, tell. which is fiber at every lot, and elect. all services are complete. There are 13 waterfront lots and with 2 shared docks between lots there would be a total of 17 waterfront lots. These lots sell at 250K each. It is a 1hr boat ride to Intercoastal waterway, Atlantic Ocean, Cumberland Island, and there is a county maintained boat launch 5 min from property. There is a full acre set aside for an amenity area, pool, pool house,tennis,playground. We have gone ahead and started planting palm trees in between the lots. The lots are builder ready. My partner and I were planning to only sell lots and not to go vertical yet after we had interest to purchase us as a whole. So we have stuck to this plan so far and offered the property as a complete subdivision ready to build out. The CCR's are in place and recorded with 1500 min sq.ft. typical building requirements. 7.5' side set backs with 80% of lots @60ft.x120 house can be 45ft wide by 80'-90' deep. The city of Kingsland is very pro active and a pleasure to work with.
Article in the paper about Kingsland growth.
The Florida Times-Union
October 20, 2007
Development could double Kingsland's size
By JILL HELTON,
Times-Union Correspondent
KINGSLAND, Ga. - A 15,000-acre development in Kingsland will more than double the city's area and may bring the most significant growth the city has seen in 20 years, city officials said Friday.
--------------------------------------------------
--------------------------------------------------
Named The Villages at Kingsland, the site will include as many as 40,000 homes, 9.5 million square feet of commercial space and 13.5 million square feet of industrial space.
It is located west of U.S. 17 and north of Georgia 40 and, developer Crescent Resources said, will be built in phases over the 20 years.
"We hope this will be a great, great opportunity for this community and this region," Kingsland Mayor Kenneth Smith said.
Smith announced at a news conference Friday that Crescent Resources, a Charlotte, N.C.-based company, had purchased the land. The company currently is working with the city to annex and change the zoning on what is now mostly pine forest.
"We are very enthusiastic about the future of Kingsland and this property," Crescent Resources spokesman Phil Hayes said in a prepared release. "By creating a comprehensive master plan for the entire property, we are able to plan for all the property's needs for decades to come."
Some of those needs include a fire station, school and a municipal complex that will help the city serve the residents of The Villages at Kingsland.
"All of those things have been taken into consideration," said Gwen Mungin, Kingsland city manager.
Infrastructure, including water and sewer improvements, is already being addressed, Smith said. He also promised that current city residents would not be asked to pay for improvements to the site.
The new development also increases the urgency of widening Georgia 40, which borders the property along the south and serves as Camden County's hurricane evacuation route. City and county officials have been lobbying the Georgia Department of Transportation for years to move forward with plans improve the road.
"This causes us to step it up now. I've already warned [the Georgia DOT] that we squeak pretty loud in South Georgia," Smith said.
City officials are hoping for some spin-off growth as a result of The Villages at Kingsland. It also is expected to benefit many of the existing businesses in Camden County.
"There will be other projects that will probably be coming in here because of this. Everybody is going to feel the effects of this," said Ken Kessler, Kingsland planning director.
He said it is an ideal place for warehouses because of its proximity to the Jacksonville International Airport.
Kessler said the first homes will be built around 2010 and will offer both affordable and upscale housing. The Villages at Kingsland could increase the city's population by 80,000 or 90,000 when built to capacity, Smith added.
Crescent Resources, a land management and real estate development company, is a joint venture of Duke Energy and Morgan Stanley Real Estate Fund. Those companies are affiliated with LandMar, which is the developer of Osprey Cove, Winding River and the former paper mill site in St. Marys. Villages at Kingsland Residential units: 40,000 Industrial space: 13.5 million square feet Commercial space: 9.5 million square feet Time to build: 20 years
This story can be found on Jacksonville.com at http://www.jacksonville.com/tu-online/stories/102007/geo_210112793.shtml.
To send a direct link to a friend or your self please complete the form below.
Disclaimer:
All information listed is provided by the seller and is deemed reliable, but should be independently verified. Price and specifications are subject to change without notice. Our site provides this service without representations or warranties of any kind either expressed or implied.
Register | Contact Us Now
Home
Find a Home 
Sell a Home 
Home Loan
Foreclosures 
Debt Consolidation 
Apply for Mortgage 
Apply for Home Equity 
Financial Calculators 
School Reports 
Neighborhood Reports 
Home Appraiser 
Download Legal Forms 
Compare REALTORS® 
Free Home Values 
REALTORS® Get leads! 
Articles
Contact Us 
My Account
: 
Description:
Property Features:
Property Files: (attachments)
Contact Seller by E-mail:
Send Listing Details To Friend: 
