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Listed by Christopher Craddock • EXP Realty, LLC
$ 3,775,000
Est. payment | /mo
4.37 Acres Lot
$ 3,775,000
Est. payment | /mo
4.37 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Pt Rockville Out Res. 3
MLS Listing ID MDMC2193906
HOA Y/N N
Annual Tax Amount $5,472
Tax Year 2024
Lot Size 4.370 Acres
Acres 4.37
Property Sub-Type Land
Source BRIGHT
Property Description
Exceptional Senior Living Development Opportunity Near Lake Needwood! This 4.45-acre property presents a rare and highly desirable opportunity for future senior living development in a prime Montgomery County location. Nestled near the scenic Lake Needwood and Rock Creek Regional Park, residents will enjoy easy access to serene walking trails, lakeside paddleboats, fishing, and scenic cruise boat tours, creating an ideal setting for an active and peaceful retirement lifestyle.
The property is zoned RE, allowing healthcare-related and senior living use. Preliminary studies indicate the potential for 110–135 senior care units across 3–4 levels (with one below grade), along with the option to add 6–10 triple-sectioned senior cottages. All major utilities, including natural gas and a 6-inch water line, are available on site, with a city sewer connection permit pending.
This unbeatable location sits across from Magruder High School and just minutes from the ICC (Intercounty Connector), offering convenient connections to Washington, DC, Baltimore, and surrounding areas. Embassy Row is approximately 10 miles away via bike paths through nearby park trails. The property is also close to Norbeck Country Club, Needwood Golf Course and Driving Range, Leisure World Shopping Center, medical offices, local churches, and three major hospitals. New residential communities nearby have seen rapid sales, with townhomes selling around $825K and single-family homes exceeding $3.5M, highlighting strong market demand in this sought-after area.
This is a unique opportunity to develop a senior living community in one of Montgomery County's most desirable, nature-rich settings while remaining close to major amenities, healthcare facilities, and transportation routes.
The property is zoned RE, allowing healthcare-related and senior living use. Preliminary studies indicate the potential for 110–135 senior care units across 3–4 levels (with one below grade), along with the option to add 6–10 triple-sectioned senior cottages. All major utilities, including natural gas and a 6-inch water line, are available on site, with a city sewer connection permit pending.
This unbeatable location sits across from Magruder High School and just minutes from the ICC (Intercounty Connector), offering convenient connections to Washington, DC, Baltimore, and surrounding areas. Embassy Row is approximately 10 miles away via bike paths through nearby park trails. The property is also close to Norbeck Country Club, Needwood Golf Course and Driving Range, Leisure World Shopping Center, medical offices, local churches, and three major hospitals. New residential communities nearby have seen rapid sales, with townhomes selling around $825K and single-family homes exceeding $3.5M, highlighting strong market demand in this sought-after area.
This is a unique opportunity to develop a senior living community in one of Montgomery County's most desirable, nature-rich settings while remaining close to major amenities, healthcare facilities, and transportation routes.
Location
State MD
County Montgomery
Zoning RE2
Exterior
Utilities Available Water Available, Sewer Available
Water Access N
Garage N
Building
Sewer Public Sewer
Water None
Schools
Elementary Schools Sequoyah
Middle Schools Redland
High Schools Col. Zadok Magruder
School District Montgomery County Public Schools
Others
Tax ID 160400048730
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Muller Dessie
Real Estate Consultant