1327484 - PENDING
Listed By: Lila Delman Compass
This 102+ acre parcel of land, located directly in-between two luxury neighborhoods in the highly desirable town of East Greenwich, offers a very rare and unique opportunity. With such large parcels seldom becoming available in East Greenwich, this property offers an amazing development opportunity or the chance to build an extraordinary private residence or family compound. Its location is fantastic, nestled between "The Woods" and "High Hawk"--two luxury neighborhoods with estate-quality homes selling well over $1M, and yet it's mere minutes to the charming town's marinas, fine restaurants, cafes, boutique shops, and top-ranked schools. An engineer's site yield plan estimates the parcel can support 43 two-acre house lots in a conventional subdivision, with potential for smaller-sized lots in a cluster development. While primarily wooded, the parcel also includes about 10% cleared fields, plenty of historic stonewalls, and 3 access points for potential connection to the abutting neighborhoods. An easy commute to Providence or Newport and other coastal towns and beaches, a short drive to area train stations and ferries, and only 20 minutes to RI's international airport. The taxes & assessment reflect its current designation in the State's forest and open space program. With high-performing schools consistently ranked among the top 2 in the state, a charming town center with easy ocean access, and a fabulous, commutable location, this is an ideal development opportunity.