0 Easter Lake Dr Des Moines, IA 50320
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.