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For Sale property id: 69374387
USD 12,000,000 Mortgage Calculator
USD 12,000,000
7627 Fitzhugh Lane, King George, Virginia, United States
  • Land Size
    1545899.1533568 m²

Description

Eagle Bay
Located in King George VA, Eagle Bay is a vibrant waterfront community nestled along the Potomac River just west of Caledon State Park and to the northwest of Dahlgren Naval Base. This 382 acre offering is presented as a bundle of contiguous parcels around the southwest and northeast of the existing development. Prospective buyers could position the entire tract as an extraordinary waterfront estate parcel, explore conservation easement benefits, expand on the existing neighborhood, or completely re-imagine the property to optimize it for their best desired use. Zoned R-1, A-1 & A-2 with potential to rezone there are a wide range of options for development.
The current owners have completed full development concepts and soil studies for a residential expansion to approximately 140 homesites of various lot sizes, from private wooded lots, to waterfront, and water view lots. A current study is underway with a focus on 60+ homesites adjacent to the waterfront and existing water view homes. On site water tower and private utility will convey with the purchase. This stand-alone operation offers additional value as the private water provider for all existing and future development in Eagle Bay. The neighboring County Utility provider at Fairview Beach has previously initiated exploratory discussion for potential system linkage.
With historic ties to the United States Navy, King George offers idyllic countryside and miles of shoreline on the Potomac River. Easy access to the DC Metro Area and only 20 minutes to Fredericksburg. This offering is a unique opportunity to secure significant acreage in a region that is positioned for future growth and investment.

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