Westbrook Road, Essex, CT 06426

$3,400,000

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List Price
$3,400,000
Status
COMING SOON
MLS#
24195081
Acres
33.02
Neighborhood
Essex Village

Property Description

Available for the first time in nearly 90 years, this exceptional 33 ACRES represents one of the very last large tracts of undeveloped land in Essex, widely celebrated as one of America's "Best Small Towns." Straddling the town line with parcels in both historic Essex & the water community of Westbrook, the property features a striking combination of 16 level acres of virgin open field--ideal for farming, equestrian use or building--framed beautifully by an elevated wooded backdrop. The flat acreage provides an unobstructed southern aspect view of 9 acre Lake Louise & borders the protected land of both Essex & Westbrook Land Trusts. Location & accessibility are unmatched. Boasting over 800 feet of clear-line frontage on Route 153, the parcel is positioned perfectly midway between I-95 & Route 9, minutes to the Old Saybrook/Westbrook Amtrak/Shoreline East train station for seamless travel from Boston, New York & beyond. Soil tested for water & drainage, a local civil engineer indicates the site is primed for high-yield development. The property offers remarkable flexibility: a possible 6-10 substantial luxury residential lots or leveraging under CT Affordable Housing Law 8-30g to construct a high density multi-unit complex ranging from 66 units to perhaps over 270 units, mirroring successful transit-oriented developments nearby. The land is also believed to have substantial on-site topsoil & gravel reserves for immediate asset value. This is a rare generational opportunity

Additional Information

Taxes
$6,817
Lot Size
1,438,351
Sewer
Septic Needed
Water Source
Private Well, Other
Elementary School
Per Board of Ed
High School
Per Board of Ed

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Calculator source: Real Geeks

Listing courtesy of Todd Gould from William Pitt Sotheby's Int'l. (203) 988-5414 (203) 245-6700

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