2904 Prt Alto Dr Stanton, TX 79782

This exceptional 1.99-acre property in Stanton, Texas (Martin County, zip code 79782), presents a unique investment opportunity. Located at 2904 Port Alto Drive, Midland, TX 79705 (APN: 003810003501420), this land is zoned for both commercial and residential use, offering remarkable versatility. Priced at $89,550, it's ideal for small industrial yards or residential home sites, catering to the growing needs of the Permian Basin. The property boasts water availability (20 gpm in the area) and allows mobile homes. Note that mandatory HOA fees are $600 per lot annually. The owner's association will manage a 5-acre reserve for potential future water needs. Development guidelines include 10-foot setbacks from boundaries or rights-of-way, 50-foot septic setbacks from property lines, and restrictions on commercial water sales, SWDs, animal feedlots, junk lots, abandoned equipment, hazardous waste, and large-scale mancamps or RV parks. A maximum of two RVs per acre or one job trailer/mobile office/mobile home per tract is permitted. Attractive owner financing is available. This is a brand-new development offering a compelling blend of commercial and residential potential. The asking price translates to approximately $45,000 per acre.