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Listed by Daezonae Jenkins • Keller Williams Realty - Moorestown
$ 799,500
Est. payment | /mo
7.37 Acres Lot
$ 799,500
Est. payment | /mo
7.37 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision The Gables At Mount Laure
MLS Listing ID NJBL2101376
HOA Y/N N
Annual Tax Amount $10,395
Tax Year 2024
Lot Size 7.370 Acres
Acres 7.37
Property Sub-Type Land
Source BRIGHT
Property Description
Prime development opportunity in Mount Laurel. This 7.37-acre, four-parcel assemblage sits in the R-3 Residential District, permitting single-family homes only. The Township zoning schedule supports 20,000 sq ft minimum lot size, 100 ft lot width, and 40/20/30 setbacks, with no mixed-use overlays or special restrictions.
A recent GIS analysis (included under documents) shows approximately 61.29% upland/buildable area (4.74 acres) and 38.71% wetlands (2.99 acres) across the site. All percentages remain subject to full confirmation through a formal NJ DEP Letter of Interpretation. The seller welcomes due diligence and is open to reasonable timelines for wetlands verification and engineering review.
Based on zoning requirements and current buildable acreage, early planning indicates the site could support 7–8 single-family lots, depending on engineering, DEP approvals, and Township review. Public sewer is located in the street, city water is on-site, and Mount Laurel has lifted its sewer moratorium, allowing developers to proceed through the entitlement process without delay.
A newer construction home directly across the street at 319 Mount Laurel Rd (built 2023) sold in 2024 for $815,000 ($326/sq ft) on a 0.46-acre R-3 compliant lot. This serves as a strong benchmark for future resale values and exit pricing.
For investors evaluating potential returns, zoning-compliant planning scenarios demonstrate meaningful upside:
• Scenario 1: An optimized 8-lot subdivision modeled at the $815,000 comp reflects approx. 31% ROI, subject to approvals and cost structure.
• Scenario 2: A 7-lot layout supporting premium homes in the $900,000+ range reflects approx. 30% ROI, depending on final engineering and build size.
(All scenarios are preliminary and not guaranteed.)
The property borders Sayebrook Estates, an established single-family neighborhood consistent with Mount Laurel's historic approval patterns. Strong schools, excellent highway access, and sustained demand for new construction make this an exceptional land development opportunity.
A recent GIS analysis (included under documents) shows approximately 61.29% upland/buildable area (4.74 acres) and 38.71% wetlands (2.99 acres) across the site. All percentages remain subject to full confirmation through a formal NJ DEP Letter of Interpretation. The seller welcomes due diligence and is open to reasonable timelines for wetlands verification and engineering review.
Based on zoning requirements and current buildable acreage, early planning indicates the site could support 7–8 single-family lots, depending on engineering, DEP approvals, and Township review. Public sewer is located in the street, city water is on-site, and Mount Laurel has lifted its sewer moratorium, allowing developers to proceed through the entitlement process without delay.
A newer construction home directly across the street at 319 Mount Laurel Rd (built 2023) sold in 2024 for $815,000 ($326/sq ft) on a 0.46-acre R-3 compliant lot. This serves as a strong benchmark for future resale values and exit pricing.
For investors evaluating potential returns, zoning-compliant planning scenarios demonstrate meaningful upside:
• Scenario 1: An optimized 8-lot subdivision modeled at the $815,000 comp reflects approx. 31% ROI, subject to approvals and cost structure.
• Scenario 2: A 7-lot layout supporting premium homes in the $900,000+ range reflects approx. 30% ROI, depending on final engineering and build size.
(All scenarios are preliminary and not guaranteed.)
The property borders Sayebrook Estates, an established single-family neighborhood consistent with Mount Laurel's historic approval patterns. Strong schools, excellent highway access, and sustained demand for new construction make this an exceptional land development opportunity.
Location
State NJ
County Burlington
Area Mount Laurel Twp (20324)
Zoning RESIDENTIAL AND FARM
Exterior
Water Access N
Garage N
Building
Sewer Septic Exists
Water Public
Schools
School District Mount Laurel Township Public Schools
Others
Tax ID 24-00601-00027
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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