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Land For Development For Sale

470,000 Sqft -

Property Description

Adjacent to an iconic hotel and surrounded by a country club

Golf Course

Zoning for 190 Luxury Condo Units and subject to all approvals

EB-5 Approved Regional Center Project

Condo Development Highlights

1, 2, and 3 bedroom units

Average unit size of 2,099 SF

Average market Price per Unit $1.679million ($700 per SF)

Total land valued at an average of $350K per unit

Estimated all-in cost to development $510 per SF including land

Building Size: Gross 470,000 SF | Net 400,000 SF 2-4 story buildings can be built in phases

Approved public sewer and water

Cold Spring Country Club: All unit owners may become members of the private Cold Spring

Country Club (Membership fee will be waived for the first 50 unit owners)Purchase of land guarantees that Cold Spring Country Club shall always remain a private members club and golf course

Use of hotel in the name of the residence, plus a designated sales office in the hotel for the duration of the sales of the units

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 1103
Price : $75,000,000
View : Garden
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 470,000 Sqft
Year Built : 0
Lot Area : 0 Sqft
Country : United States
Land For Sale
  • Listing ID : 1103
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 470,000 Sqft
Agent info
Guiddalia Emillen
Guiddalia Emillen
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