5635 Lake Forrest Dr - Sandy Springs - Lake Forrest Development
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5635 Lake Forrest Dr - Sandy Springs - Lake Forrest Development
3.16 Acres of Residential Land Offered at $1,595,000 in Atlanta, GA 30342
Investment Highlights
- One of the largest residential lots in the Crossroads plan approved for redevelopment
- Close to Sandy Springs City Hall/City Springs Development w/ restaurants, shops & concerts
- Feasible for an estate home, cluster or townhome community
Executive Summary
Sandy Springs Development Opportunity!!! Calling all experienced developers and builders seeking to build a multi-million dollar estate home or townhomes. This lot offers approximately 3.16 acres of sloping terrain, an assortment of gorgeous mature trees, a working well for land irrigation and 2 pedestrian bridges over the serene stream that runs near the rear of the property. Current zoning is RE-2 which allows for 1 estate home with 25% max lot coverage. Lot frontage is approx. 210ft, lot depth is 621ft and 623ft, rear lot length is 219ft. The property has a ranch home built in 1940 in great condition offering an option to hold and build later. Estate homes in the area have sold for over 7 million and the last new construction town home community sold out this year, from 700s to over 1 million. Wondering where is your next project, you found it! Perfect location and time to develop in Sandy Springs. The City of Sandy Springs has over 950 acres of parks and natural areas with 2 parks in walking distance from this home site. The property is only a bike ride away from the new modern City Springs/Sandy Springs City Hall offering locals and visitors a vibrant place to play. The City Springs offers Sandy Springs Performing Arts Center, a programmable City Green area great for concerts and community events, fountains for kids to enjoy and a variety of delicious dining options. Minutes away from excellent public and private schools, dining, retail shopping, Downtown Atlanta and centrally located with direct access to I-285 and 400.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Price | $1,595,000 | Property Type | Land |
Sale Type | Investment or Owner User | Property Subtype | Residential |
Sale Conditions | Redevelopment Project | Total Lot Size | 3.16 AC |
No. Lots | 1 |
Price | $1,595,000 |
Sale Type | Investment or Owner User |
Sale Conditions | Redevelopment Project |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 3.16 AC |
1 Lot Available
Lot
Price | $1,595,000 | Lot Size | 3.16 AC |
Price Per AC | $504,747 |
Price | $1,595,000 |
Price Per AC | $504,747 |
Lot Size | 3.16 AC |
This RE-2 lot offers approximately 3.16 acres of sloping terrain, an assortment of gorgeous mature trees and stream that runs at the rear. A single family home currently is on the property.
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zoning
Zoning Code | RE-2 (Currently zoned RE-2 which allows for an estate home. Crossroads plan recently approved to allow for increased density.) |
RE-2 (Currently zoned RE-2 which allows for an estate home. Crossroads plan recently approved to allow for increased density.) |
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5635 Lake Forrest Dr - Sandy Springs - Lake Forrest Development
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