1 W Fairway Lakes Dr, Frankfort, IL 60423

Land
THB ฿233,768,344
USD $6,950,000
Published on: 14 Jun 2024
Last updated on: 17 Oct 2024
1 W Fairway Lakes Dr, Frankfort, IL 60423
1 W Fairway Lakes Dr, Frankfort, IL 60423
1 W Fairway Lakes Dr, Frankfort, IL 60423
+8
1 W Fairway Lakes Dr, Frankfort, IL 60423
  • 8
Property ID: 110092599482
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Vacant Land - Frankfort, IL

1 W Fairway Lakes Dr, Frankfort, IL 60423
A premier development opportunity is available with Fairway Lakes Estates, an upscale 60-lot single-family home community located in Frankfort, Will County, Illinois. This prime site spans 77.38 acres and offers public sewer and water services. Strategically positioned at the northwest corner of 88th Avenue and Bruns Road, Fairway Lakes Estates is a golf course community in a desirable southwest suburb of Chicago, just 35 miles from the city. This provides the perfect canvas for creating a vibrant residential neighborhood adjacent to the prestigious Green Garden Country Club and Golf Course.    Fairway Lakes Estates is ideally located to offer convenient access to the Chicago metropolitan area. The area benefits from excellent transportation links, including proximity to major highways like I-57 and I-80 and the Metra SouthWest Service commuter rail line, facilitating easy travel to downtown Chicago.    Adjacent to the prestigious Green Garden Country Club and Golf Course, this development promises scenic golf course views and potential access to exclusive golfing privileges. Green Garden Country Club features two 18-hole courses and a 9-hole course, each providing unique challenges and stunning landscapes. The Blue Course is known for its wooded areas and elevated greens, the Gold Course for its wide fairways and water features, and the Links Course for its rolling mounds and fescue grasses.    The subdivision was partially developed, with some infrastructure complete. 33 lots will be interior lots with typical residential views, 14 lots will have pond views, and 13 lots will have golf course views. The lots will range in size from 22,035 square feet to 33,749 square feet and average 24,679 square feet.    The subject property is previously platted and approved for the Fairway Lakes Estates subdivision, with plans for 60 lots to be developed in two phases. The site improvements include paved roadways, some utility hookups, and assigned individual PINs for each lot. This opportunity presents an attractive proposition for home builders, with Frankfort's vibrant real estate market showing a median sales price of $504,911 and homes averaging 25 days on the market.    Fairway Lakes Estates offers home builders a rare opportunity to develop in a highly desirable location with strong market demand, excellent transportation access, and proximity to a renowned golf course. This combination of features makes it a compelling investment for residential development, promising a thriving and scenic community for future residents.

Property Details

Basic Info

Property Type
Land
Listing Status
Active
Land Size
313,146.03 m2
Architecture Style
Other
Parcel ID
18-13-22-400-004-0000, 18-13-22-400-005-
Provider
eXp Commercial
Subdivision
Fairway Lakes Estates
Brokerage Office Name
eXp Commercial
Brokerage Office Phone
317-750-2964
Address
1 W Fairway Lakes Dr, Frankfort, IL 60423

Nearby Schools

TypeSchool nameDistrict name
ElementaryNot availableNot available
HighNot availableNot available
JuniorhighNot availableNot available
MiddleNot availableNot available

Tax History

YearTax amount
2023USD $12562THB ฿422,532*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.

Contact Agent
Randolph Taylor
eXp Commercial
50 South Main St, Naperville, IL 60540
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Randolph Taylor
50 South Main St, Naperville, IL 60540
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      Property ID: 110092599482

      Data provided by eXp Commercial, MLS #: 11288619
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