11025 Reed Mine Road, Locust, NC 28097

11025 Reed Mine Road $25,900,000

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    11025 Reed Mine Road Locust, NC 28097

    • 430.00 Acres
    • Land
    MLS# 3460000 | Active

    $25,900,000

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    Days On Market: 88 8 Views
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    Property Details

    DEVELOPMENT OPPORTUNITY in the growing city of Locust, NC. Only 25 minutes from center city Charlotte, NC. The Villages At Red Bridge is an existing Golf Course community with one neighborhood already in place with homes currently under construction. There are an agreed to 1042 units that can be constructed with the city and the rights to sewer capacity for these units. Single Family homes, patio homes and condos or duplexes. Future development will require roads and underground utilities to be continued throughout the property. This is a large project for the right developer. The sale will consist of Approximately 230 +/- Acres of buildable space and the 180 +/- acre golf course. The course has been running for close to 10 years, is managed by a company and is profitable. There are still an available 40 +/- lots that are already complete with street and utilities in the current Glenwood Neighborhood that could also be discussed in addition to the current offer. Possible partnering.

    • General Features
      • Property Sub Type Acreage
      • County Or Parish Cabarrus
      • Habitable Residence 1
    • Building Features
      • Community Features Club House, Golf Course, Pond
      • Out Buildings 1
      • Sq Ft Building Minimum 2200
      • Water County Water
    • Property Features
      • Lot Features On Golf Course, Open/Cleared, Pasture, Wooded
      • Restrictions Architectural Review
      • Sewer City Sewer
      • Lot Size Area 430

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    Neighborhood

    28097 (Locust) Demographics

    42Median Age
    178Population Density (per sq. mile)
    26%College Educated
    $52,371Estimated Median Income
    1,694Estimated Total Home Owners
    479Estimated Total Renters
    78% / 22%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    5,416Total Population

    Market Last 30 Days

    $243,940 Median Sales Price
    7 Homes Sold
    17 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $25,900,000
        12/20/2018 3:57:00 PM New in Database Source

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