To be built.This exceptional half-acre estate presents a rare opportunity for home builders, first-time home buyers, and investors, featuring a private gated setting with a lush, flat yard. Currently configured as a two-bedroom, one-bath home with a basement, the property is in the process of obtaining preliminary plans to construct a modern 4,000 square foot residence, allowing for customization to meet individual preferences. With an unprecedented tax rate of only $2,200 per year, this property offers an unparalleled investment opportunity, available for the first time in 80 years. The expansive grounds could provide ample space for additional amenities, such as a pool and tennis court, while remaining fully "mortgageable. The property is zoned R-10, allowing for possible subdivision and the potential for two sizable homes upon town approval. Price reflects land with the current cottage. Does not include full build out cost. © 2024 OneKey™ MLS, LLC