Prime 2.5-Acre Development Opportunity on Azra Road, Odessa Discover the immense potential of this spacious 2.5-acre property located in the desirable community of Grey Hawk, Odessa. The land is the true asset here—perfect for investors and developers looking to create a custom housing development or a private estate. The property features a 5-bedroom home that provides immediate living options during your development process, or it can be thoughtfully demolished to make way for a luxurious new residence. With generous space available, there is ample room to build multiple homes on quarter-acre lots or larger estates, making it an ideal site for a boutique community or a private family compound. Access is secure through the Grey Hawk gated entrance, while remaining outside the HOA, offering flexibility in development plans. Neighboring parcels are smaller (.22–.23 acres) with assessed values around $123,000, highlighting the value and growth potential of this larger parcel. Seize this rare opportunity to shape your vision in a thriving Odessa location. For more information or to discuss development possibilities, please call or text today.
Financial Considerations
Price:
$1,250,000
HOA Fee:
N/A
Tax Amount:
$3321.95
Price per SqFt:
$11.48
Tax Legal Description:
KEYSTONE PARK COLONY PB 1 PG 64 POR TRACT 16 IN NW1/4 DESC AS NE1/4 OF TRACT 16 OR 1295 PG 1456 OR 5021 PG 260