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$ 4,573,250
Est. payment | /mo
16.63 Acres Lot
$ 4,573,250
Est. payment | /mo
16.63 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Little River Estates
MLS Listing ID 7633291
HOA Y/N No
Lot Size 16.630 Acres
Acres 16.63
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
16.6-acre Little River Farms Prime Development Tract. Potentially Up to 10 Lots Possible. Also ideal for an individual or family seeking a tract for a large estate with unmatched privacy and security.
• A prime 16.6-acre tract in the rear of Little River Farms/Little River Estates is now available for purchase, accessible though the private gate and road from the existing Little River Estates neighborhood. The existing Little River Estates project contains 15 home sites.
• Little River Estates phase 1 is a successful stabilized neighborhood project with all infrastructure completed (including a gated entrance and private roads). Minimal additional infrastructure needed to develop the current tract for sale, especially in the “large lot” configuration described below.
• Tract for sale has over 700 feet of frontage on Little River.
• Tract contains the “high ground” of Little River Farms, located on some of the highest elevation along Little River in the area. Most of the tract rises high above the stream buffers and the floodplain (see flood map below).
• Surrounded by large estates, a large conservation easement area, and bordered by Little River, creating a very private and secluded tract surrounded by wooded areas. Ideal tract for discerning homebuyers who highly value privacy and security.
• Access to tract (across Little River Estates) is from Taylor Road, a mile+ stretch of road home to multiple high value estate homes (e.g., River's Edge neighborhood and several large roadside estates).
• Historic Little River Farms, home of a picturesque tree farm visible from the approach to the entrance to the tract's access road.
• Access easement to the tract can be granted through the gated entrance of Little River Estates and over the neighborhood's private roadway maintained by Little River Estates HOA.
• Utilities from Little River Estates phase 1 are all stubbed off at the tract's property line and full utility access at the property line to be delivered with the tract.
• Homes in phase 1 of Little River Estates went under contract in the range of $2.5-$3.5M on an average lot size of 1.4 acres.
• Soil analysis for septic for potential lots on the tract already completed; preliminary hydro analysis of tract completed.
• A developer/builder Buyer has different options with respect to the tract, for example:
1. Up to five 3+ acre estate lots via “minor subdivision”, allowing the developer/builder to take advantage of Milton's development incentives for large lots, which include a timesaving streamlined LDP process, as well as significant savings in stormwater management (e.g., utilizing the Little River floodplain), more favorable tree canopy requirements, and other incentives.
2. Continue with a similar product on this tract as in the front section of Little River Estates (“max yield” project). A max yield project on the tract will potentially yield 10 lots “by right” under the Milton UDC, with no rezoning needed. However, this approach will likely require approval of a time-consuming “major subdivision” plat from the City of Milton during the LDP process and installation of a common stormwater detention facility.
• As an alternative to a lot development project, the 16.6-acre tract is ideal for an individual/family buyer looking for a secure “compound” or mini-farm property. Located on Little River and the large surrounding wooded properties create the ultimate tract for privacy and security. The tract contains an existing pasture of approximately four acres.
• As mentioned above, access through Little River Estates' private road is gated. A second security gate could be added at the tract's entrance to create a large estate virtually unmatched in the area with regards to privacy and security. The tract is simply very difficult to access (even on foot) from anywhere other than Little River Estate's private road, and no part is visible from a public roadway.
• A prime 16.6-acre tract in the rear of Little River Farms/Little River Estates is now available for purchase, accessible though the private gate and road from the existing Little River Estates neighborhood. The existing Little River Estates project contains 15 home sites.
• Little River Estates phase 1 is a successful stabilized neighborhood project with all infrastructure completed (including a gated entrance and private roads). Minimal additional infrastructure needed to develop the current tract for sale, especially in the “large lot” configuration described below.
• Tract for sale has over 700 feet of frontage on Little River.
• Tract contains the “high ground” of Little River Farms, located on some of the highest elevation along Little River in the area. Most of the tract rises high above the stream buffers and the floodplain (see flood map below).
• Surrounded by large estates, a large conservation easement area, and bordered by Little River, creating a very private and secluded tract surrounded by wooded areas. Ideal tract for discerning homebuyers who highly value privacy and security.
• Access to tract (across Little River Estates) is from Taylor Road, a mile+ stretch of road home to multiple high value estate homes (e.g., River's Edge neighborhood and several large roadside estates).
• Historic Little River Farms, home of a picturesque tree farm visible from the approach to the entrance to the tract's access road.
• Access easement to the tract can be granted through the gated entrance of Little River Estates and over the neighborhood's private roadway maintained by Little River Estates HOA.
• Utilities from Little River Estates phase 1 are all stubbed off at the tract's property line and full utility access at the property line to be delivered with the tract.
• Homes in phase 1 of Little River Estates went under contract in the range of $2.5-$3.5M on an average lot size of 1.4 acres.
• Soil analysis for septic for potential lots on the tract already completed; preliminary hydro analysis of tract completed.
• A developer/builder Buyer has different options with respect to the tract, for example:
1. Up to five 3+ acre estate lots via “minor subdivision”, allowing the developer/builder to take advantage of Milton's development incentives for large lots, which include a timesaving streamlined LDP process, as well as significant savings in stormwater management (e.g., utilizing the Little River floodplain), more favorable tree canopy requirements, and other incentives.
2. Continue with a similar product on this tract as in the front section of Little River Estates (“max yield” project). A max yield project on the tract will potentially yield 10 lots “by right” under the Milton UDC, with no rezoning needed. However, this approach will likely require approval of a time-consuming “major subdivision” plat from the City of Milton during the LDP process and installation of a common stormwater detention facility.
• As an alternative to a lot development project, the 16.6-acre tract is ideal for an individual/family buyer looking for a secure “compound” or mini-farm property. Located on Little River and the large surrounding wooded properties create the ultimate tract for privacy and security. The tract contains an existing pasture of approximately four acres.
• As mentioned above, access through Little River Estates' private road is gated. A second security gate could be added at the tract's entrance to create a large estate virtually unmatched in the area with regards to privacy and security. The tract is simply very difficult to access (even on foot) from anywhere other than Little River Estate's private road, and no part is visible from a public roadway.
Location
State GA
County Fulton
Area Little River Estates
Zoning AG-1
Lake Name None
Rooms
Other Rooms None
Interior
Equipment None
Exterior
Fence None
Community Features Gated
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Underground Utilities
Waterfront Description River Front
View Y/N Yes
View River
Present Use Agricultural
Street Surface None
Private Pool false
Building
Lot Description Stream or River On Lot
Schools
Elementary Schools Birmingham Falls
Middle Schools Northwestern
High Schools Milton - Fulton
Others
Senior Community no
Tax ID 22 365006610050
Special Listing Condition Trust
Listed by G7RE, LLC