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77 Mimosa Lane,  Elkton MD, 21921

(Active)
$1,597,000
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MLS# MDCC2011226
Last Updated: 5/20/2024 12:33 PM
Description for 77 Mimosa Lane Elkton, MD 21921
Discover this exceptional opportunity to own a sprawling property in Elkton, Maryland, featuring not just one, but three ranch homes set on over 31 acres of picturesque land. This remarkable estate offers both vast open spaces and wooded areas, presenting a blend of rural charm and potential for subdivision. With the possibility of creating up to 7 individual lots (subject to Cecil County approval), this property is brimming with potential.In addition to subdivision opportunities, this estate offers various revenue-generating possibilities, including solar farming, leasing land for agriculture, and expanding an existing rental portfolio. Approximately 25 tillable acres are available for agricultural ventures, while the option to sell one home and its parcel separately also adds to the investment appeal. The estate features three single-family ranch homes. Previously utilized as rental properties, these homes are being sold 'as-is'.1. 3-bedroom, 2-bathroom home with a basement2. 3-bedroom, 2-bathroom home3. 3-bedroom, 1-bathroom homeAt the heart of the estate is a tranquil pond, adding to the natural beauty and serenity of the area. Conveniently located with easy access to I-95, the property ensures effortless commutes. It's just a 30-minute drive to Wilmington and less than an hour from both Philadelphia and Baltimore.Whether you're seeking an investment opportunity, a vast expanse of land for outdoor activities, starting a farm, or building your dream home, this Elkton property is a perfect fit. Embrace the tranquility of nature and explore the potential for growth with this unique offering, now awaiting its new owner.
Price
$1,597,000
CECIL
MDCC2011226
Active
Description
Discover this exceptional opportunity to own a sprawling property in Elkton, Maryland, featuring not just one, but three ranch homes set on over 31 acres of picturesque land. This remarkable estate offers both vast open spaces and wooded areas, presenting a blend of rural charm and potential for subdivision. With the possibility of creating up to 7 individual lots (subject to Cecil County approval), this property is brimming with potential.In addition to subdivision opportunities, this estate offers various revenue-generating possibilities, including solar farming, leasing land for agriculture, and expanding an existing rental portfolio. Approximately 25 tillable acres are available for agricultural ventures, while the option to sell one home and its parcel separately also adds to the investment appeal. The estate features three single-family ranch homes. Previously utilized as rental properties, these homes are being sold 'as-is'.1. 3-bedroom, 2-bathroom home with a basement2. 3-bedroom, 2-bathroom home3. 3-bedroom, 1-bathroom homeAt the heart of the estate is a tranquil pond, adding to the natural beauty and serenity of the area. Conveniently located with easy access to I-95, the property ensures effortless commutes. It's just a 30-minute drive to Wilmington and less than an hour from both Philadelphia and Baltimore.Whether you're seeking an investment opportunity, a vast expanse of land for outdoor activities, starting a farm, or building your dream home, this Elkton property is a perfect fit. Embrace the tranquility of nature and explore the potential for growth with this unique offering, now awaiting its new owner.
Listing Information
Property Type: Land, Other
31.71 Acres
Well
Shared Septic
Neighborhood
School Information
District: CECIL COUNTY PUBLIC SCHOOLS
LEEDS CHERRY HILL NORTH EAST
Room Information
Exterior / Lot Features
Water, Trees/Woods, Pasture, Pond
Driving Directions
south on Union Church Road then right on Tonys Road the property is on your left (77 Mimosa Lane)
Financial Considerations
0803030202
$6,597
Listing Price History

Elkton Real Estate

Elkton is located in Maryland. Elkton, Maryland 21921 has a population of 15,606.

The median household income in Elkton, Maryland 21921 is $72,756. The median household income for the surrounding county is $78,995 compared to the national median of $66,222. The median age of people living in Elkton 21921 is 41 years.

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Courtesy: Keller Williams Realty Wilmington
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/20/2024 12:33 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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