7137 COUNTY ROAD 4042, Kemp, TX 75143

This 2.496-acre lot is located in Edgewater, a luxury destination at Cedar Creek Lake, less than an hour's drive from downtown Dallas. The property is platted as one of four adjacent individual lots, suitable for an exclusive estate home with potential for a compound with multiple homes. Minimum square footage for homes is 1,500 feet, with neighborhood homes exceeding 4,000 square feet. Located outside city limits, the property benefits from lower taxes at $1.8022 per hundred and 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. The clubhouse is under construction and 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 for stronger cellular and internet signals. Seller financing is available with a minimum 20% down, 30-year amortization with a 2 or 3-year balloon, with the rate determined based on LTV and creditworthiness. The seller will entertain breaking up the property into lots 1 and 2, lots 3 and 4, or lot 2 or 3 by itself. Owners of multiple lots pay one HOA fee for up to 3 lots.