Sparta, TN 38583 · White County
7 days on market · MLS# 1349061
Home Facts
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Beds
—
Baths
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Sqft
10.00 ac
Lot
About This Property
DEVELOPMENT OPPORTUNITY! Seize the opportunity to develop the remaining phases of The Country Club Villas, a gated community located within the Sparta city limits and less than half a mile from Sparta Golf & Country Club. This 10-acre offering encompasses Phases 2 and 3, with Phase 2 previously approved by the White County Planning Committee for 18 residential lots, giving the next developer the flexibility to proceed with the existing layout or reconfigure the plan with fewer, larger homesites to better align with their vision. Existing development plans, site drawings, restrictions, POA documents, and approved infrastructure plans are available, allowing a developer to accelerate the project timeline. Utilities include 6-inch water lines available to serve Phases 2 and 3. A previous estimate of approximately $400 per linear foot was provided for infrastructure installation, including utilities, curb and gutter, sidewalks, and paving. Acquisition of this tract provides the buyer with a majority ownership interest in the development, creating the opportunity to evaluate and potentially pursue amendments to the project's governing documents and future development plan, subject to applicable approvals. Capitalize on this rare investment opportunity in the growing White County market.
Property Details
Lot
irregular lot
Market Snapshot
30-Yr Fixed Rate
6.58%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$1,268
20% down · 30-yr fixed
$1,019P&I · $52 taxes · $120 HOA
Location
Similar Homes Nearby
Walkability
2
Walk
Almost All Errands Require a Car
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Transit
N/A
19
Bike
Minimal Biking Infrastructure
