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    207th St N Forest Lake, MN

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    For Sale
    $4,500,000

    50+ acre site with potential for 112 residential lots.

    Lot size:
    51.48 Acres

    Property Features for 207th St N

    General Information

    Lot size
    51.48 Acres
    Source: Moodyscre

    Listing Agent: Chris Hoyt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    50+ Acre Residential Development Site

    This property features a site of over 50 acres intended for residential single-family use. A preliminary plat proposes 112 lots, with potential for higher density development. Ponding, grading, and city services are already in place. The site is located close to Forest Hills Golf Course, just off Highway 97 and Harrow. The property is zoned for residential single-family use. Taxes for 2024 are $16,150.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Realty agency Spa & Massage Hotel & Motel Hair Salon Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forest Lake
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9852183
    Latitude
    45.2788561

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    FAQs

    What type of property is this?
    Land - 50+ acre site with potential for 112 residential lots.
    Where is this land located?
    The property is located at 207th St N Forest Lake, MN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - 50+ acre site with preliminary plat proposed for 112 lots; - Higher density potential; - Ponding, grading, & city services in place
    (651) 210-4698
    Request Owner's contact information
    207th St N Forest Lake, MN
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    Forest Lake, MN
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    Realmo Value Estimation

    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.

    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.

    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
    207th St N Forest Lake, MN
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