Misty Grove Ln, Eatonton, GA 31024

Property Description

Misty Grove | Lake Oconee Area 132 Lot SFR Development Tract w/ Sewer! At $11,364 per lot (raw), this one is certainly worth a look. Offering includes approximately 64.94 acres and 132 remaining residential lot opportunities consisting of 1 vacant developed lot in Phase 1, 32 fully engineered Phase 2 lots currently submitted for approval, and 99 future Phase 3 lots shown on the approved master concept plan. The original multi-phase concept was approved with the 2008 rezoning. Phase 1 is fully developed with homes built and sold on 51 of 52 lots, providing proven neighborhood acceptance and direct resale history. Most Phase 1 homes were constructed from 2019-2022. The last new home sold in 2022 for $240,000, with subsequent neighborhood resales ranging from approximately $254,000-$299,000. A recent 5-mile market study of single-family homes priced from $200,000-$400,000 shows 67 closed sales during the prior 12 months, with a $352,145 median sale price, approximately $175/SF median sale price and 44 median days on market. The property is zoned RM-3 with a 1,000 SF minimum home size. Phase 2 lots average approximately 0.23 acre. Water and sewer are served by Piedmont, power by Tri-County EMC, and high-speed internet options include Sparklight fiber and AT&T Air. Misty Grove offers an attainable new-home opportunity minutes from Lake Oconee, Sugar Creek Marina, golf, restaurants, shopping and Lake Oconee Village/Publix. The anticipated target for new detached homes is approximately $285,000-$350,000, a price point within the broader Lake Oconee market that is in high demand. Full civil plans, preliminary plat, concept plan, aerial overlays and due diligence package available upon request.