$560,000

Opportunity to purchase 16 lots in a private gated development in the DeBaliviere Place neighborhood overlooking the mansions on Washington Terrace. These lots are fully developed with new utility connections for water, sewer, and electric, as well as newer streets and gated access. The lots are located near the Central West End approximately 5 blocks from Forest Park. Each of the lots are zoned E. for multi-family residential and would be ideal for luxury townhomes, which have already been approved by the city of St. Louis. Similar individual lots without utilities in the surrounding area have sold in the range of $60,000 to $100,000. Potential list prices for the completed townhomes could range from $350,000 to $490,000 depending on size, finishes, and upgrades based on similar-sized townhome sales nearby. Lots are also available in groups of 2 and 4 lots, $70,00 for two lots, and $140,000 for 4 lots. The additional lots numbers- MLS#25021619, 25021614, 25021581, 25021573, 25021538.