Lake Front Residential/Condo Development
Terrific development opportunity located just minutes from downtown Camdenton Missouri. Located in Linn Creek, MO, this property consist of 165 acres with over 1500 feet of usable lake frontage. Located just 2 miles from highway 54 and highway 5, this property offers terrific road access to everything the lake has to offer. By boat, it's centrally located at at the 31mm in Linn Creek, with great access to numerous lake based restaurants and bars.
Listed By: Mike Kendall
Background information
Reference:
KCG53
Reason selling:
Owner is seeking a sale or partnership with developer/builder.
Premises
Square footage:
Square Feet: 7,187,400+/-
Location:
This has been a Planned Unit Development. It currently has 23 developed lots with water and sewer. There are 7 condominium lots with room for about 130 boat slips. The property has excellent road access in from two sides and can be easily subdivided. The property is appropriate for multiple uses including condos, villas, townhouses, apartments, boat storage, ect. Close to Camdenton High school (2.8m) Close to Ozark Amphitheater (2m) Minutes from Downtown Camdenton Square (3.6m)
Opportunities
Growth:
According to the 2013 Demographic Snapshot of the Lake of the Ozarks area compiled by the Lake of the Ozarks Regional Economic Development Council (LOREDC), the three-county region is on track to hit 100,000 residents shortly before 2030, but 2010 U.S. Census numbers may indicate the population benchmark is more likely to occur around 2020 or even sooner.
Market:
Second homeowners have migrated to the lake in droves during the stay at home orders. Many families are getting to experience a new time at the lake when work and extracurricular activities normally prevent them from spending much time in their happy place. I have seen an abundance of traffic at subdivisions and condo projects all over the lake area with some developments' parking as full as I usually see in July. When the sun shines and we are blessed with warm weather, the lake looks like a summer weekend on a weekday in April. I think the Covid-19 outbreak will increase interest in vacation homes in more secluded area. Families will be reassessing values and time spent together and seeking out places that they can enjoy in case of future shelter orders where they feel safer and more removed. https://www.lakenewsonline.com/news/20200305/local-realtors-weigh-in-on-return-of-real-estate-at-lake https://www.kansascity.com/news/state/missouri/article245833925.html https://www.stltoday.com/news/local/state-and-regional/we-re-one-of-the-winners-in-this-covid-thing-a-record-summer-at-missouri/article_bf3c3a50-d556-55ac-8829-b66a2b2c547c.html https://www.lakenewsonline.com/article/20130701/news/130639977
Price and terms
Price:
$2,900,000
Financing:
The price referenced is based on a sale. The seller will consider some owner financing based on various deal structures. Licenses Missouri Real Estate Salesperson, for sale by owner.