7117 County Road 4042 Kemp, TX 75143

$400,000

About this home

Property Overview

Edgewater is THE luxury destination at Cedar Creek Lake, and this is the ONLY 10+ acre tract among 1-2 acre neighbors. Just under an hour drive from downtown Dallas. This property stretches from the main entrance at Edgewater Drive, all the way to the third entrance at Ryan Lane and comprises the whole southern half of the block. Perfect for an exclusive estate home with incredible privacy! It's platted as 4 adjacent individual lots, so if you want a compound with multiple homes, that works too! Minimum square footage is 1,500 feet, but homes in the neighborhood go to over 4,000 square feet. It's outside city limits for lower taxes ($ 1.8022 per hundred), and no current MUD tax. Edgewater amenities include a community marina with boat docks, almost a mile of hiking trails, a secure community boat & RV storage lot, & more! The clubhouse is under construction and will include a workout room, and a playground. A community pool is also in the planning stages. Your HOA dues include a Careflite membership, so medical care is just a short flight away. Underground utilities include co-op electric and MUD water, septic system will be necessary. The new communications tower is now complete for stronger cellular and internet signals. Seller financing is available with minimum 20% down, 30 year amortization with a 2 or 3 year balloon, rate to be determined based on LTV and creditworthiness. Seller will entertain breaking the property up, lots 1 and 2 ($ 225,000), lots 3 and 4 ($ 225,000), or lot 2 or 3 by itself ($ 119,800). Owners of multiple lots pay one HOA fee for up to 3 lots. Call listing agent for gate code.