$399,000
For Sale

3597 Mitchell

Elba, MI 48446
Browse 21 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Introducing an unparalleled opportunity on the shores of Lake Lapeer, where luxury living meets boundless potential. This splittable elite lot on private all-sports Lake Lapeer is a one-of-a kind lot located on a beautiful 365-acre private Man-made Lake/Reservoir. The Reservoir has dam boards that are put in and taken out annually to control the lake levels. This Lake is the magnificent setting for approximately 350 Homeowners that maintain a safe, friendly and active Community in this residential area. Many homeowners enjoy participating in a Neighborhood Watch program to bring neighbors together and participate in activities such as pot lucks, block parties, boat parades, trick-or-treating and more! Nestled within the well known and prestigious Turtle Bay enclave, you'll find a weed free shoreline and an existing unique, custom built, 20' X 28', two-level aluminum frame dock in place just waiting for new owners. This highly sought after portion of the lake offers calm waters, incredible sunsets, and the serenity that people dream about! What truly sets this property apart is its potential for subdivision, allowing for the creation of TWO distinct parcels, each encompassing 1.1 acres of prime lakefront real estate offering the canvas for your dream home(s) to become a reality. The seller, recognizing the unique allure of this offering, is willing to entertain the possibility of dividing the land, with one parcel designated as the more desirable option, commanding a premium price, while the other will be priced accordingly. Whether you envision a sprawling estate or prefer the allure of a more intimate retreat, the choice is yours. Moreover, the Seller is open to creative financing terms, including the possibility of a land contract. Down payments, interest rates, and monthly payments are all negotiable, ensuring that the acquisition process can be tailored to mutually meet both of your needs and preferences. Lots like this just don't exist anymore so don't miss y

  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • RegionElba Twp
      • School DistrictLapeer
      • CountyLapeer
  • Other
      • MLS #5050100937

Location

Alexis ThompsonReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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