115 Acre Entitled Site – 260 lots in ‘Wildwood’ – City of Covington, Newton County
avalon / May 25, 2022
Avalon Real Estate Partners is pleased to present this opportunity to purchase the remaining land, entitled for 260 lots, in the Wildwood subdivision located off Scenic Parkway SE in Newton County, Georgia. Wildwood is comprised of three parts that include the existing homes, the southern phase (203 lots) and the northern phase (260 future lots). Wildwood is an established community complete with an attractive clubhouse, pool, tennis courts, and lake. The Eastside Trail is also adjacent to the subdivision, which is a 2.5-mile paved multi-use trail.
The subject property is located on Highway 142 in the city of Covington in Newton County, Georgia. It is conveniently located 2 miles south of Interstate 20 from the Highway 142 interchange off Exit 93 (Hazelbrand Road).
The site lies north of Eastside High School and west of Covington Academy. Downtown Covington is about 1.5 miles to the northwest of Wildwood and offers retail, entertainment and dining options.
Sanitary sewer infrastructure is in place on the site. All utilities should be independently verified by potential purchaser.
The seller has done a great deal of due diligence on the development feasibility of the site, complete with extensive geotechnical studies and a preliminary development budget.
There is no rental restriction in the zoning, and the seller is the declarant of the homeowner’s association.
The latest closings and pending sales from DR Horton have been in the low $400k’s.
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