|WHAT are the options?
This property is on a 2.37 acre lot but comes with a connecting lot of 1.83 acres. This connecting lot is a private road leading to homes at the end of Darou Dr. Not only does this property sit on a beautiful, forested 2.37 acres, it is also only a 3-minute walk to the lake and private, community dock. Not only is this property on a beautiful lake, but it is also part of the Maple Glen, historic community. Read more about the community and lake HERE.Option 1: Renovate the existing property and sell as a single-family home.
Option 2: Single-family flip + sever off half of the 2.37 acre lot as the property is situated perfectly on the right half of the lot (Buyer to verify). This option would allow for 2 lots at over 1 acre each as the connected pin is only for the road. A 0.60 acre lot recently sold for $175,000 and we believe that with a 1.1 acre severed lot, the Buyer could either build a new property or sell of the new, vacant lot (Buyer to verify).
Option 3: Renovate and rent out as a short-term, cottage getaway.
Option 4: Renovate and rent + sever half. This option would allow the Buyer to profit from both the rental as well as a possible new build or vacant lot sale (Buyer to verify).