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    Easter Lake Dr Des Moines, IA 50320

    Sponsored
    For Sale
    $806,000

    Prime Des Moines land, residential & agricultural zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 29.83-acre property presents a remarkable opportunity for residential development in Des Moines, Iowa. Located on Easter Lake Dr, in Polk County, zip code 50320, this land boasts a desirable location with convenient access to Highway 5 and 65, placing it less than five miles from the city's vibrant downtown core. The property comprises two adjacent parcels overlooking the recently renovated Easter Lake Park, a 178-acre oasis featuring a swimming beach, three playgrounds, a 5.5-mile paved trail system, and excellent fishing opportunities. The current zoning, N2A, permits single-family homes or up to two units per parcel, making it ideal for various development projects. Situated within the rapidly expanding Carlisle school district, this land offers a compelling combination of natural beauty, recreational amenities, and convenient access to urban conveniences. Utilities are readily available in the immediate vicinity, ensuring a smooth and efficient development process. The asking price is $806,000, translating to $27,000 per acre. This represents a significant investment opportunity in a high-growth area. The property is ready for immediate development.

    Property Features for 0 Easter Lake Dr

    General Information

    Property type
    Farms
    Lot Size
    1,299,395 SF

    HighLights

    • 29.83‑acre development site in Des Moines, IA.
    • Two adjacent parcels zoned N2A for single‑family or up to two units per parcel.
    • Located in the rapidly expanding Carlisle school district.
    • Convenient access to Hwys 5 & 65, near Easter Lake Park and downtown Des Moines.
    • Ready for immediate development; $806,000 asking price ($27,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5614135
    Latitude
    41.5369721

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    FAQs

    What type of property is this?
    Farm - Prime Des Moines land, residential & agricultural zoning.
    Where is this farm located?
    The property is located at Easter Lake Dr Des Moines, IA.
    What is the asking price?
    The asking price for this property is $806,000.
    What are key features of this property?
    This property features: 29.83-acre development site in Des Moines, IA.; Two adjacent parcels zoned N2A for single-family or up to two units per parcel.; Located in the rapidly expanding Carlisle school district.
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    Easter Lake Dr Des Moines, IA 50320
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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
    Easter Lake Dr Des Moines, IA 50320
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