Palmer Falls - Final Phase - 133 Future SFD Lots

Highlights

• All offers due no later than 5:00 PM EST Tuesday, April 16, 2024.
• All required off-sites, including the community’s secondary entrance at King Drive, have been completed.
• Convenient access to the job base at Hartsfield-Jackson Atlanta International Airport, with more than 63,000 jobs, and surrounding retail amenities including Sweetwater State Park, Publix, Kroger, and Arbor Place Mall.
• Established community with 130 total homes in the initial phases. Existing homes have resold for an average price of $497,000 over the last 24 months, and new construction homes in Phase 3 have sold for an average price of $546,000 over the same period.
• Favorable zoning conditions, including a minimum of home size of 2,000 SF, will allow a builder to build price-sensitive product.
• In addition to the 3-acre lake and 40 acres of greenspace, the community features an extensive amenity package.
• Located approximately 2 miles from the $350 million mixed-use development called The Trails, which will feature a mix of residential and commercial uses including a $200 million movie studio anchored by Lionsgate.
• Outsized population growth over the last decade has resulted in an extreme imbalance between supply and demand. Douglas County has less than 3 months of housing supply as of January 2024 (latest data available).
• Phase 1 of the amenity is complete, and Phase 2 will be constructed by the HOA and at the HOA’s expense within 12 months of the sale of Phase 4. At build out, the $1 million+ amenity will include a community pool, two-story clubhouse, tennis courts, and children’s playground.
• SHOVEL READY - a Land Disturbance Permit has been secured and the lots are ready for horizontal development.
• The Seller has Declarant Rights that will be transferred to the Phase 4 buyer at close, including ARC control and other Declarant advantages. No assessments are due until the new home is sold.
• Water and sewer services provided by Douglas County. There is a very limited supply of sewered lots in this market.

Location

Located at Providence Place, Douglasville, GA 30134, this property is part of the Riverside Gardens neighborhood and Atlanta market.