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 Home / Desoto County / Mississippi land for sale |
| Land For Sale ID | City | County | Lot Size | Amount | Last Revised |
| Land For Sale ID: 22657 | Horn Lake | Desoto | 42.4 Acres | $500,000.00 | 03-Oct-09 |
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Price : $500,000.00 Best Offer Location : Horn Lake, Desoto County, Mississippi Property Size : 42.4 Acres Utilities : Water, Yes Electricity Sewer : Yes Sewer, No Septic Roads : Yes, Paved Zoned : Residential Desoto County Tax Assessors ID : 000 View : Yes, view property Topography of Land: Level Land for sale Description : ::: NOT AVAILABLE ::: These 42.4 acres are a great investment and/or development property. Its property tax rate, currently, is especially low, thus making this sales offer an excellent investment opportunity. With a relatively modest recovery to the current U.S. economy, it's reasonable to estimate this land value to double or possibly triple within the next ten-years. This 42.4 acres comprise 2 lakes (6.4 and 24 acres, respectively) plus 12 undeveloped acres that are sparsely spaced around the lakes. Though partially surrounded by properties of the Twin Lakes Subdivision and commonly thought to be a part of the Twin Lakes Subdivision by the uninformed public, it's close proximity to the Twin Lakes Subdivision is its only tie to that subdivision. This 42.4 acres was formerly part of the U.S. Department of Agriculture's 1956 Storm Water Sediment Retention Project for DeSoto County, Mississippi. That project 's life was 25-year, May 1956 thru May 1981. The lakes (storm water retention basins), though beautiful and rustic, are relatively shadow. Their depth ranges from a few inches to 3 to 4 feet deep near the levees that restrain the waters from quickly draining. There now exist a pluge/stopage in the pipe originally installed to drain all waters from the retention basin. That blockage can easily be removed so as to allow all waters to be drained from the land. Notably, all 42.4 acres can be fully developed. This is prime land for present and/or future development. Through currently designated residential, conditions are favorable for a class change to commercial if desired. The property is located in the City of Horn Lake of DeSoto County Mississippi---one of the fastest growing counties in the U.S.; it's within the U.S. Census' Memphis,TN-MS-AK SMSA; less than 4 miles from Memphis City limits; 12 mile from down town Memphis; and 30 miles from Tunica, MS. Trades : No Outstanding Loans : Free and Clear Owner Will Carry Loan: No
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