2696 Agua Dulce Dr Midland, TX 79705

This exceptional 3.506-acre commercial and residential land parcel is located at 2696 Agua Dulce Drive, Midland, TX 79705, in Martin County. Priced at $157,770, this property presents a unique investment opportunity in a brand-new development within the Permian Basin. The land is suitable for a variety of uses, including small industrial yards and homesites, offering flexibility for larger-scale projects. Water availability is estimated at 20 gallons per minute in the area. Mobile homes are permitted. The property is subject to a mandatory annual HOA fee of $600 per lot, with potential adjustments upon board formation. The owner's association will manage taxes and maintain a 5-acre reserve for potential future water scarcity. Specific restrictions apply, including setbacks of 10 feet from boundaries or rights-of-way, septic system placement at least 50 feet from property lines, and prohibitions against commercial water sales, saltwater disposal wells, animal feedlots, junk lots, abandoned equipment, hazardous waste, and mancamps. RV parks are not permitted, but a maximum of two RVs per acre or one job trailer/mobile office/mobile home per tract is allowed. Attractive owner financing options are available. Each acre is priced at $45,000. The APN is 003810003501440.