Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Potosi Lake Lot Opportunity Title is generated by Realmo AI

    14 Legacy Drive, Potosi, MO 63664

    View on Map
    Claim this Listing
    For Sale
    $35,000

    Land - Potosi, MO

    Lot size:
    1.47 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    65
    Last Refresh:
    May 27 at 6:06 am

    Property Features for 14 Legacy Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family
    Exterior features
    Waterfront
    Standard status
    Active
    APN
    000000000000000000
    Lot size
    1.47 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    0
    Expense value
    250
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake, Lake Front, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Philip Fitzwater
    Philip Fitzwater

    Listing agent Philip Fitzwater License #2013008849

    Listing office Keller Williams Realty Platinum 124 W. Pine St., Kirkwood, MO

    Listing date Mar 24, 2026

    MLS# 26008438 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.47‑acre lake lot in Legacy Pointe Estates with waterfront access.
    • Enjoy access to a 6.5‑acre stocked lake for fishing and recreation.
    • Private and secluded setting on a private road, surrounded by newer homes.
    • Conveniently located less than 2 miles from downtown Potosi.
    • Underground electric service available.
    • Close proximity to Mark Twain National Forest, Elephant Rocks State Park, and other outdoor attractions.

    Overview

    This 1.47-acre lake lot is located in Legacy Pointe Estates, north of Potosi off Hwy E. The property is situated on a private road and surrounded by newer homes. Underground electric is available. The lot provides access to a 6.5-acre stocked lake suitable for fishing and recreation. This property is suited for building a home or creating a weekend retreat. It is located less than 2 miles from downtown Potosi and one hour south of St. Louis. Mark Twain National Forest, Elephant Rocks State Park, Twin Eagle Lake Estates and Hideout are a short drive away. The property is zoned for single-family use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Potosi
    County
    Washington
    State
    Missouri
    Longitude
    -90.7606144
    Latitude
    37.9405249

    Nearby Similar for Sale

    • $569,900
      5,408 SF

      Commercial Building in Potosi, MO

      Commercial building with three units, leased for immediate income.
      326 E High Street, Potosi, MO 63664
      View Details
    • $226,900
      4,400 SF

      Retail Opportunity in Potosi, MO

      Retail space for sale in downtown Potosi, Missouri.
      201 E High Street, Potosi, MO 63664
      View Details
    • $279,900
      2,840 SF

      Potosi Investment Opportunity

      Six-unit property with apartments and office space for sale.
      150 N Hall Street, Potosi, MO 63664
      View Details
    • $975,000
      4,750 SF

      Secluded Home with Creek Frontage

      Private 5-bedroom home on 15 acres with creek frontage.
      14881 State Highway AA, Potosi, MO 63664
      View Details
    • $249,900
      1,500 SF

      Potosi Farm with Spacious Home

      11+ acre property featuring a 3 bed, 2.5 bath home.
      10023 Liberty ` Road, Potosi, MO 63664
      View Details
    • $400,000
      3,690 SF

      Potosi Farm with National Forest Access

      Three-bedroom home on 100+ acres bordering Mark Twain National Forest.
      26402 State Highway C, Potosi, MO 63664
      View Details
    • $225,000

      Cleared Commercial Land Opportunity

      4-acre commercial lot in Potosi, MO, with development potential.
      610 Purcell Drive, Potosi, MO 63664
      View Details
    • $1,980,000

      Unrestricted Land with Private Lake

      Large, unrestricted land parcel with lake near downtown Potosi.
      260 State Hwy E, Potosi, MO 63664
      View Details
    • $36,500

      Potosi Lake Lot Opportunity

      1.54-acre lake lot in Legacy Pointe Estates, Potosi, MO.
      15 Legacy Drive, Potosi, MO 63664
      View Details
    • $1,275,000

      Expansive Land with Private Lake

      Versatile 160-acre parcel near Potosi with lake and timber.
      160 State Hwy E, Potosi, MO 63664
      View Details
    • $109,900

      Unrestricted Land with Creek Frontage

      23+/- acres of unrestricted land with Flat Creek frontage.
      5 Furnace Creek Road, Potosi, MO 63664
      View Details
    • $199,900

      Potosi Farm For Sale

      18.94 acre farm property in Potosi, Missouri.
      0 Hornsey Street, Potosi, MO 63664
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.47-acre lake lot in Legacy Pointe Estates, Potosi, MO.
    Where is this waterfront land located?
    The property is located at 14 Legacy Drive Potosi, MO.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: 1.47‑acre lake lot in Legacy Pointe Estates with waterfront access.; Enjoy access to a 6.5‑acre stocked lake for fishing and recreation.; Private and secluded setting on a private road, surrounded by newer homes.
    (573) 701-2596
    We can help!
    Listing Contact
    Philip Fitzwater
    Philip Fitzwater
    Real Estate License ID: 2013008849
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14 Legacy Drive, Potosi, MO 63664
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!