7117 Co Rd, Unit 4042 Kemp, TX 75143

Located less than an hour from downtown Dallas, this 10.2-acre tract is situated in the Edgewater community at Cedar Creek Lake. This property, located outside city limits, stretches from Edgewater Drive to Ryan Lane, encompassing the southern half of the block. It is platted as four adjacent individual lots, suitable for an estate home or multiple homes. Minimum square footage for homes is 1,500 feet, with some neighborhood homes exceeding 4,000 square feet. The property benefits from lower taxes at $1.6032 per hundred and has no current MUD tax. Edgewater amenities include a community marina with boat docks, almost a mile of hiking trails, and a secure community boat and RV storage lot. A clubhouse is under construction, which will include a workout room and a playground. A community pool is also in the planning stages. HOA dues include a Careflite membership. Underground utilities include co-op electric and MUD water; a septic system will be necessary. A new communications tower is complete, enhancing cellular and internet signals. Seller financing is available with a minimum 20% down payment and a 30-year amortization with a 2 or 3-year balloon, with the rate determined by LTV and creditworthiness. The seller will consider dividing the property into lots 1 and 2 for $200,000, lots 3 and 4 for $200,000, or lot 3 individually for $100,000. Owners of multiple lots pay one HOA fee for up to three lots.