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Residential Lot in Carmel Village
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216 Watermark Drive, Lafayette, LA 70501

Residential lot ready for development with utilities available.

Property Size4,791 SF
Lot Size0.11 Acres
Price / SF$5.20
Days on Market491

Property Features for 216 Watermark Drive

General Information

Standard status Active
Size 4,791 SF
Lot size 0.11 Acres
Property subtype Land
Zoning Res
Listing Agency: Compass
Listed By: Brittany Leblanc · License #995709191
Source: Compass
Added: Jun 26, 2025 Changed: Oct 28 Last Checked: Oct 28 at 11:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Rey
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Investment Insights

Based on property information with market context.

This residential lot is located in Carmel Village Subdivision and is suitable for building or placing a new home. The property offers public water, public sewer, and paved city street frontage. The lot is level and ready for development, with utilities available at the street. Situated just off Louisiana Avenue, the location provides access to schools, shopping, restaurants, and major roadways. This property offers flexibility and value for placing a manufactured home (per subdivision guidelines) or securing land for future investment. Carmel Village is an affordable option for buyers seeking homeownership in Lafayette. Multiple lots are available within the subdivision, and buyers have the opportunity to purchase one lot or bundle several together for development or long-term investment potential. The property size is 4791 square feet.

Key Highlights

  • Level lot ready for development with utilities available at the street.
  • Public water and sewer connections available.
  • Located in Carmel Village, an affordable subdivision in Lafayette.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Auto Repair Shop HVAC Service Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 70501, LA

28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential lot ready for development with utilities available.
Where is this residential land & home lot located?
The property is located at 216 Watermark Drive Lafayette, LA.
What are key features of this property?
This property features: Level lot ready for development with utilities available at the street.; Public water and sewer connections available.; Located in Carmel Village, an affordable subdivision in Lafayette.
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