Summerdale Homes with Other Lot features

Summerdale Homes with Other Lot features

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Newest Summerdale Homes with Other Lot features

$1,200,000
395986 MLS
A Rare Opportunity: 50 acres of untouched beauty. It’s hard to imagine a place more peaceful, more serene, or more breathtaking than this extraordinary piece of land. This rare offering combines wide open fields with pockets of mature trees and wooded areas—perfectly blending openness and seclusion. Whether you're dreaming of building a private estate, developing multiple homes, or creating the farmstead you’ve always envisioned, this property offers flexibility with minimal upfront work. Opportunities like this—large acreage, already subdivided, clear title, and ready for your vision—are increasingly rare in today’smarket. From peaceful sunrise mornings to star-filled skies at night, you’ll fall in love the moment you set foot on this land. Don’t miss your chance to own a truly special piece of countryside. Schedule your visit today and start imagining the possibilities. Buyer to verify all information during due diligence.*** Due to a single point of ingress and egress, along with its agricultural zoning, developers have indicated the property could support approximately 35 homes at maximum buildout. The land has already been subdivided into 4 parcels: two ±17-acre tracts (17.8 & 17.7 acres) and two ±7-acre tracts (7.9 & 7.2 acres). However, as the infrastructure necessary to support these divisions has not yet been developed, the full ±50 acres must be sold as one contiguous property.For additional details or to discuss development potential, please contact me directly.

County Road 73, Summerdale

$1,100,000
385971 MLS
10% Cap Rate Investment – 100% OccupancyLocated on Highway 59 in the heart of Summerdale, this 2.3-acre property is zoned B-2 (Commercial Business) and offers high visibility and strong traffic counts. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer.Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate.Financials (Annual)Insurance: $10,800Taxes: $3,850Utilities: $26,000Landscaping: $2,100General Maintenance & Repairs: $9,048Vacancy (Hypothetical 10%): $18,096Property BreakdownBuilding 1 (Triplex, c. 1943 / former Summerdale Post Office)Approx. 1,543 sq. ft. totalUnit 1A: ~700 sq. ft., rents $320/week (potential $400/week with renovation)Units 1B & 1C: ~400 sq. ft. each, rent $320/weekCottage 2 – 3BR/1BA, ~1,042 sq. ft. | Renovated 2017 | Tenant since 2022Cottage 3 – 1BR/1BA, ~435 sq. ft. | Renovated 2024 | Tenant in placeCottage 4 – Studio, ~224 sq. ft. | $260/week | Tenant since 2021Cottage 5 – 2BR/1BA, ~710 sq. ft. | Renovated 2022Cottage 6 – 1BR/1BA, ~540 sq. ft. | Tenant since 2017Cottage 7 – 1BR/1BA, ~480 sq. ft. | Renovated 2018 | Tenant since 2019Cottage 8 – 2BR/1BA, ~685 sq. ft. | Renovated 2023Laundry Facility – ~144 sq. ft., currently free to tenants. Potential for revenue if converted to coin-operated.Investment Highlights10% Cap Rate calculated with 10% vacancy factorCurrent 100% occupancy and consistent rental performanceHighway 59 frontage with strong visibility and traffic countsValue-add potential through rent increases and laundry conversionAll information deemed reliable but not guaranteed. Buyer to verify all information during due diligence.

318 State Highway 59, Summerdale

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© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .