Walters Rd, Edgewood, MD 21040

Property Description

This property will be sold at ONLINE AUCTION. LIST PRICE REPRESENTS OPENING BID. A rare opportunity to develop new construction homes in a clean, well-maintained, and welcoming waterfront community. The property includes four subdivided and recorded single-family home lots, each measuring approximately 0.26 acres, with the potential for a fifth lot that has already received county approval and may be recorded. Public water and sewer are available. These desirable lots offer beautiful water views while remaining conveniently located near shopping, dining, and everyday amenities. Builders will appreciate the manageable size of the project, the completed engineering work, and the opportunity to create sought-after water-view homes with strong profit potential. The roadway serving the lots must be installed as part of the buyer’s permitting and development process. The property is being sold as-is, and all subdivision plans, engineering documents, surveys, and other work completed to date will be included with the sale. The seller also provides subdivision, engineering, and surveying services and is available to work with the buyer to help complete the remaining development process. The buyer will be responsible for all future engineering, permitting, road-installation, utility, and development-related costs. An excellent opportunity for a builder or developer seeking a small waterfront-community project with substantial upside. Bidding will open at 12 Noon on Tuesday, August 18, 2026 and close at 1:00 pm on Thursday, August 20, 2026. Additional Auction Terms: 10% buyer's premium will be added to the winning bid. Buyer's Agent must be registered as an agent on Homesale.plus prior to the time buyer places 1st bid. Property is sold AS-IS, no inspection contingency. No financing contingency. Buyer pays all transfer & recordation taxes. 10% Earnest Money Deposit due at contract execution.