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Backup Offers

56.47ACRESOFFDRYRUN Lost Rd, Martinsburg, WV, 25403

$2,750,000

56.47 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
ViewPanoramic, Pasture, Valley
MLS #WVBE2025340
Lot Size56.47 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 56.47ACRESOFFDRYRUN Lost Rd

We are pleased to present a remarkable large land parcel spanning 56.47 acres, now available for sale. This property offers tremendous potential for development and comes with two renderings dated October 2008, showcasing the possibilities that await its future owner. The first rendering outlines a thoughtfully designed plan featuring 138 lots, each with a minimum area of 7,500 square feet. This layout incorporates essential elements such as stormwater management, right of ways, a commercial lot, and common areas. The focus is on creating a harmonious and well-planned community. Moving on to the second rendering, it presents an exciting vision for 210 lots. Among these, 109 lots covering 24.3 acres are designated for single-family homes. Additionally, there is a generous 4.7-acre section allocated for stormwater management and open space, preserving the natural environment while providing residents with a serene atmosphere. In addition to the single-family lots, the property offers an opportunity for the construction of 57 townhouse units, elegantly arranged across 2.8 acres. A reserved area spanning 3.7 acres has been set aside for parking and open space, ensuring convenience and recreational amenities for the townhouse residents. Further enhancing the property's potential, there are plans for 12 proposed duplexes and 32 quad units, occupying 2.6 acres. This diverse range of housing options caters to various preferences and lifestyles, providing flexibility for prospective buyers. One of the notable advantages of this property is its access to public water and sewer services, which significantly streamlines the development process and adds convenience for future residents. To address any environmental concerns, the seller is committed to completing a new Phase 1 environmental assessment upon the acceptance of an offer. This reassures potential buyers that the property meets the necessary environmental standards and ensures a smooth transition of ownership. Beyond its development potential, this property boasts a captivating natural landscape. The gentle roll of the land creates an aesthetically pleasing setting, rising gracefully from Dry Run Road to provide a picturesque overlook of the valley. Here, breathtaking sunrises and sunsets await, offering residents daily moments of tranquility and natural beauty. Given the vast potential of this property, the seller may consider a takedown schedule, allowing for a phased approach to development or sale. In summary, this large 56.47-acre land parcel presents an extraordinary opportunity for development. With its thoughtfully designed renderings, access to public utilities, commitment to environmental assessment, and breathtaking landscape, this property is truly exceptional. Don't miss the chance to transform this land into a thriving community or an investment opportunity tailored to your vision.

Property Details

Property Features

Listing Office:

  • Office Name: ERA Liberty Realty
  • Office Phone: (304) 728-2000
  • Listing Agent: James, Jr. V Lopez

Exterior Features

Exterior Information:

  • View: Panoramic, Pasture, Valley

Lot Features

Lot Information:

  • Lot Size: 56.47 Acres

Other

Directions Information:

  • Directions: From interstate 81 take exit 14 Dry Run Road and turn west. See sign on land on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,750,000
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Housing Market Comparison

See how this home compares to others in Martinsburg, WV.

Med. Sold Price

$285K

Med. Price/SqFt

$161

Avg. Days On Market

21

# of Sold Homes

66

56.47ACRESOFFDRYRUN Lost Rd vs Martinsburg

136 DAYS ON ROCKET

+115 Days

$2,750,000

+$2.4M More

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price in Martinsburg, WV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #WVBE2025340

Listing Office:

  • Office Name: ERA Liberty Realty
  • Office Phone: (304) 728-2000
  • Listing Agent: James, Jr. V Lopez

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2024, 9:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$13.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,311

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1786977
4
/10
  • Rosemont Elementary School

  • 301 S Alabama Ave

  • 1.37 miles

  • Public District Grades PK-3

school-card-donut-1786978
4
/10
  • Winchester Avenue Elementary School

  • 650 Winchester Ave

  • 1.89 miles

  • Public District Grades PK-3

school-card-donut-1786979
9
/10
  • Burke Street Elementary School

  • 422 W Burke St

  • 2.06 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $113,306. The majority of Martinsburg, WV residents have income between $100k-200k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 56.47ACRESOFFDRYRUN Lost Rd

What is the listing price of this property?

The listing price of 56.47ACRESOFFDRYRUN Lost Rd property is $2,750,000.

What type of property is this?

The property 56.47ACRESOFFDRYRUN Lost Rd is land located in Martinsburg, West Virginia, 25403.

Is this property for sale now?

Accepting Backup Offers: 56.47ACRESOFFDRYRUN Lost Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How much acreage is this property?

The property 56.47ACRESOFFDRYRUN Lost Rd is 56.47 acres.
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Rocket HomesWest VirginiaBerkeley CountyMartinsburg2540356.47ACRESOFFDRYRUN Lost Rd

This home is located at 56.47ACRESOFFDRYRUN Lost Rd in Martinsburg, WV and zip code 25403. This home sits on a 56.47 acre lot. It has been listed on Rocket Homes since December 31, 2023 and is currently priced at $2,750,000.

In April 2024 more than 18 listings in Martinsburg, WV were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 18 were sold below. The number of homes for sale in Martinsburg, WV increased by 9.4% between March 2024 and April 2024. In April 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $285,000.

From Rocket Homes Real Estate and based on county public records data.

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