Property summary
Exceptional opportunity to acquire a 0.56-acre commercial lot situated on the northeast side of Lake Thunderhead in Unionville, Missouri (zip code 63565). This property, located at Lot 21 Wildflower Drive, boasts approximately 62 feet of desirable water frontage. The Northbay addition, where this lot is located, represents the final lake lots offered by the developer. A gravity flow sewer system is in place, maintained by the developer, with quarterly payments directly to them. All waterfront lots in Northbay require a "dig back" dock, necessitating approval from the WCA. The property offers access to rural water at the road and includes a brand-new seawall. Lake Thunderhead's amenities include a golf course (with free membership for property owners), allowing golf carts, and permitting up to four motorized units per lot. Boat restrictions are in place (30' pontoon, 23' speed/fishing boat), but there's no motor size limit. The lake association maintains fish management practices. Golf carts and utility vehicles are permitted on roads for drivers over 16. Note that all lots in Northbay are camper-restricted. Associated fees include $885.00 in lake association dues, a $250.00 sewer fee, and a $1500.00 water meter fee. A building permit is required for any home construction. This property presents a unique investment opportunity in a desirable lakeside location. The asking price for this exceptional property is $99,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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