19625 County Road 20, Foley, AL 36535
Baldwin County County
Key Facts
Description
SHADOW LAKES IS A PREMIER 10.17 ACRE (DIVIDED INTO 18 LOTS) EIGHT-PLEX TOWNHOME DEVELOPMENT located in the City of Foley, AL; one of Alabama’s fastest-growing residential real estate markets. This fully entitled Planned Unit Development (PUD) is APPROVED FOR 104 TOWNHOME UNITS, offering investors and developers an immediate, shovel-ready residential project with ALLINFRASTRUCTURE ALREADY INSTALLED (PAVED ROAD WITH CURBING, WATER, GRAVITY SEWER, CABLE, PHONE,INTERNET, STORM DRAINS & RETENTION AREAS). Having CIVIL ENGEERING & CONSTRUCTION PLANS (with M&E) COMPLEATED and INFRASTRUCTURE ALREADY INSTALLED saves a Developer millions of dollars and over a year and a half of time. Shadow Lakes Phase 1 (Re-Platt) is located within 0ne of two Opportunity Zones in Foley, Alabama. They are identified by census tracts 1003011501 and 1003011502. Opportunity Zones are part of a federal program established to encourage investment in low-income communities through tax incentives to investors. Investing in properties within these zones can provide significant tax benefits, including deferral of capital gains along with potential exclusions on future gains from the investment. Being that Shadow Lakes Phase 1 (Re-Platt) falls within one of Foleys Opportunity Zones, investors may be eligible for these incentives, increasing the properties appeal and potential return on investment. The property is strategically positioned near major highways, retail, employment hubs, Beaches, Amusement Parks and resort districts; making it ideal for build-to-sell or build-to-rent. With zoning and PUD approved, this turnkey project removes the uncertainty of the entitlement and permitting process, allowing investors to move forward immediately with construction. Please see all attached documents for further details. There is an additional 20 units in the existing buildings for sale as well, ref MLS #390934. Buyer to verify all information during due diligence.
Property Information
Property Type
Land
Sub-Type
Multi Family
Lot Size
10.17 acres
Ownership
Whole/Full
MLS® Listing#
391037
Property Features
Lot Features
Utilities
Schools
- Elementary:
- Foley Elementary
- Middle:
- Foley Middle
- High:
- Foley High
Financial Details
HOA
None
Annual Taxes
$1,360
Parcel Number
6103054001015.000
Directions
Hwy 59 to West on Co Rd. 20 property will be on the right.
Affordability Calculator
$498,000
Estimated monthly payment
$13,253/mo
Principal $1,992,000 · Est. interest $2,779,017 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Foley, AL
- $327,899
- Median Listing Price
- 61
- Median Days on Market
- 1,815
- Median Sq Ft
- $187
- Median Price / Sq Ft
- 371
- Active Listings
- This home’s price is 659% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Foley, AL.
Location
Points of Interest in Foley, AL
Showing the Foley area map.
Nearby Schools
Foley High School
Secondary · 0.7 mi away
Foley Intermediate School
School · 0.9 mi away
Mathis Elementary
Elementary · 1.0 mi away
Daphne High School
Secondary · 1.2 mi away
Foley Middle School
Secondary · 2.4 mi away
Foley Elementary School
Elementary · 2.6 mi away
South Baldwin Christian Academy
School · 3.3 mi away
Swift Elementary School
Elementary · 4.5 mi away
Magnolia School
Elementary · 4.6 mi away
St Benedict School
School · 6.0 mi away
Good Shepherd Lutheran School
School · 6.2 mi away
Elberta Middle School
Secondary · 6.3 mi away
Elberta Elementary School
Elementary · 6.9 mi away
Gulf Shores City Schools
School · 7.1 mi away
Gulf Shores Elementary School
Elementary · 7.1 mi away
Gulf Shores High School
Secondary · 7.2 mi away
Gulf Shores Middle School
Secondary · 7.2 mi away
Ob Conservatory of Fine Arts
School · 7.2 mi away
Orange Beach Middle & High School
Secondary · 7.2 mi away
Summerdale School
Elementary · 8.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 20750 Miflin Road, Foley, AL | $1,795,000 | — | — | — |
| 303 N Mckenzie Street, Foley, AL | $1,800,000 | — | — | 7,875 |
| 0 County Road 20, Foley, AL | $1,900,000 | — | — | — |
| 0 County Road 20, Foley, AL | $1,900,000 | — | — | — |
| 0 Foley Expressway, Foley, AL | $1,950,000 | — | — | — |
| 0 County Road 12, Foley, AL | $2,185,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Foley
Listing Courtesy: Realty Executives Gulf Coast - PHONE: 251-942-5744
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.