214A Seabrook Rd Seabrook, SC 29940
This exceptional 284-acre property in Seabrook, South Carolina, presents a unique investment opportunity. Located in Beaufort County, at 214A Seabrook Rd, zip code 29940, this land boasts a captivating waterfront location. A conservation easement is in place, permitting the development of up to sixteen waterfront homes on twenty designated acres. The remaining acreage offers significant potential for various agricultural and recreational uses, as detailed in the Beaufort County Conservation Agreement. It's crucial to note that development beyond the sixteen allotted lots is strictly prohibited by the existing easement. While the listed acreage is 284 acres, prospective buyers seeking precise measurements should consider commissioning a new survey. Furthermore, any applicable rollback taxes will be the responsibility of the purchaser. This property is ideally suited for buyers envisioning a development project limited to the permitted sixteen lots. Those seeking to develop beyond this limit should explore alternative properties. The asking price for this remarkable land is $5,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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