Myrtle Avenue Laurel, MD $ 2,500,000
Myrtle Avenue
$ 2,500,000
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Myrtle Avenue

Laurel, MD, 20724
$ 2,500,000
Baths0.0

Monthly Estimate*

$ 16,616

Myrtle Avenue, Laurel, MD 20724 - Image 1
Myrtle Avenue, Laurel, MD 20724 - Image 2
Myrtle Avenue, Laurel, MD 20724 - Image 3
Myrtle Avenue, Laurel, MD 20724 - Image 4
Myrtle Avenue, Laurel, MD 20724 - Image 5
Studio

Lots and Land for sale in Laurel, MD

for $2,500,000. The lot size is 10.

Nestled in Laurel, Maryland, this expansive 6.33-acre (estimated) Mixed Residential land holds immense promise as a prime investment opportunity. Zoned MXD-R (Mixed-Use Development-Residential) in Anne Arundel County, this property offers a canvas for a diverse range of mixed-use development projects. What sets it apart is its strategic adjacency to the Watershed development, a thriving project poised to transform the surrounding area. To maximize value, purchase both this property and the 10 acre adjacent property to allow for more development opportunities. The MXD-R zoning classification allows for a harmonious blend of residential and commercial elements, including single-family homes, townhouses, apartments, retail spaces, offices, and recreational facilities. As the Watershed development progresses, the potential for future access to public water and sewer facilities enhances the allure of this parcel, opening up new possibilities for infrastructure support. Investors and developers have a unique opportunity to capitalize on the growth potential of this location, leveraging the benefits of neighboring developments. With the prospect of future access to public water and sewer services, these 6.33-acre parcels becomes an even more enticing prospect for those seeking to contribute to the dynamic expansion of Laurel, Maryland, and Anne Arundel County.

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Lots and Land Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 10,208

Style

Land/Lot Only

Lot Size

10

Town/City

Laurel

County/Region

Anne Arundel

MLS | Web ID

MDAA2078858

Features
General
Sewer No Sewer System
Possession Immediate Negotiable
Zoning MXD-R
Property SubType Land
Tax Year 2024
Current Use Land/Lot Only
Percent Ownership Fee Simple
County ANNE ARUNDEL
Property Type Land
HOA / Comm Assn N
Water Access Y/N N
Status ACTIVE
Directions Located adjecent to Watershed community. No access available without owner and/or listing agent.
City LAUREL
Buyer Agent Compensation 2.5
Lot Size Square Feet 435600.00
Waterfront Y/N N
Street Name MYRTLE
Tax Annual Amount 10208.0
Price Per Sq Ft 5.74
Additional Parcels Y/N N
Vacation Rental Y/N N
Days on Market 65
Standard Status Active
Legal Subdivision REGULARS
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source None
Water View Y/N N
Lot Size Acres 10.00
Lot Size Units Square Feet
Lot Size Source Assessor
Navigable Water Y/N N
Water Oriented Y/N N
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Interior
Street Suffix AVENUE
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* Excluded Features
List By
Homesource Pro Real Estate

Broker

joshua.mast@homesourcepro.com

Email

Affordability Calculator

$17,466
Per Month
95%
5%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$851
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3539316 Elementary School
3533242 Middle School
Meade High School High School
Pricing History
DatePricePrice ChangeDescription
2/29/2024$2,500,000 Listed Price

Map


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Myrtle Avenue, Laurel, MD, 20724 is a Lots and Land for sale at $2,500,000 with a lot size of 10. Myrtle Avenue is a studio with 0.0 baths. The property's zip code is 20724 which is in Laurel, MD