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Property profile & analytics
OFF-MARKET
Land

8916 Tahoe Dr Crown Point, IN 46307

Property ID
Property summary
AI-generated overview

This exceptional offering presents 34 platted, fully engineered residential lots in the prestigious Doubletree Lake Estates Phase 15, located in Crown Point, Indiana, zip code 46307, at 8916 Tahoe Dr. Situated in a gated community with 24-hour security, this development boasts a one-mile long, spring-fed private lake complete with an eight-foot paved walking path. Enjoy the convenience of city sewers, NIPSCO gas and electric, and Lake Michigan water. Several lots offer partial lake views, and the heavily wooded, rolling terrain provides beautiful natural landscapes and high elevations. The lots are designed to accommodate walkout basements. Phase 15's sanitary and water infrastructure is readily accessible, resulting in significant cost savings due to grandfathered engineering and storm design. The development is conveniently located approximately three miles from the US 30 and I-65 interchange, and the 109th and I-65 interchange, offering easy access to Chicago (60 minutes to the Loop via I-65). Winfield, the town where this property is located, offers one of the lowest tax rates in the area. An adjacent shopping center provides a wide array of amenities, including a large grocery store, pharmacy, medical center, restaurants, and dry cleaning services. The community also features a recently donated five-acre lakefront property designated for future neighborhood social spaces. The planned improvements will be funded by the HOA. The asking price for this land is $1,923,300. The property is zoned PUD (Planned Unit Development).

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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