40 Acre Development Opportunity | Maravilla Estates
±40-acre residential development opportunity in Hurricane, Utah with R1-10 zoning already in place.
Marketing description
±40-acre residential development opportunity in Hurricane, Utah with R1-10 zoning. Density is governed by a 10,000 sq ft average lot size (8,000 sq ft minimum), allowing flexibility for a buyer to design and optimize lot yield, product mix, and overall layout. Preliminary site planning has illustrated a yield of approximately 133 lots. Conceptual plans for ''Maravilla Estates'' are available and reflect a more amenity-driven design with additional open space; however, the property has not been taken through Preliminary Plat, allowing a buyer to reconfigure and potentially increase overall density through alternative design and engineering. Located adjacent to Southern Shores ski lake community and bordering Sand Hollow State Park. Less than 10 minutes to Copper Rock and Sand Hollow Golf Courses, Sand Hollow Reservoir, and the Sand Dunes--one of Southern Utah's most active recreation corridors. Positioned in a high-growth area with strong second-home and recreation-driven demand. Water infrastructure is in progress (tower and well), sewer available with planned upsizing, and power tied to future substation development. Survey and geotechnical report available. Buyer to verify all utilities, density, timelines, and development requirements.
Investment highlights
3 REASONS THIS IS A GREAT OPPORTUNITY:
- Asking approximately $74k per papered lot.
- Development costs are approximately $55k-$75k per lot.
- 10,000 sq ft lots within a 10 mile radius retail for approximately $225k to $175k depending on a number of factors: view, type of homes being built, amenities, CC&R's, etc.
Furthermore, this location is between Copper Rock Golf Course and Sand Hollow State Park in one of south-western Utah's fasting growing areas, and in the city that will ultimately end up being the largest city in Washington County, Utah.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
