Property Details

Property Description

Exceptional Development Opportunity in the Beautiful Winsted on the Lake Community! Take advantage of this rare opportunity to purchase eight lots being sold together, offering multiple possibilities for residential development at an attractive per-unit lot price! Potential building options include two twin homes (four units total), two to four single-family homes, or eight patio homes arranged in two four-unit buildings, provided construction remains within the approved building pad dimensions. The City has already approved a four-unit floor plan, which is also featured in nearby existing homes. Alternative building plans are subject to City approval. Utilities are installed, and all eight lots are part of an established homeowners association, with no HOA fees due until homes are constructed. Winsted offers an appealing blend of small-town charm, natural beauty, and economic opportunity. Home to Millerbernd Fabrication Company and numerous other local businesses, the area offers potential demand for additional housing. Residents can enjoy nearby parks, lakes, scenic rolling farmland, and the charming downtown boardwalk area. Conveniently located just seven miles from Howard Lake, with an easy, picturesque commute to the Twin Cities. With utilities in place, an approved building plan, flexible development possibilities, and a competitive per-unit lot price, this is an outstanding opportunity for builders and investors looking to expand in a desirable growing community!