Whitetail Estates — Development for Sale

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Whitetail Estates is approximately 32-33 acres. It is surrounded by the 19th Hole Par 3 and Miniature Golf Course, a wildlife conservancy, and state owned land. It has the convenience of the St Germain Shell Organic Food Market, with gas and groceries at the entrance into Whitetail Estates.  It is across from the St Germain 18 Hole Municipal Golf Course and the Whitetail Inn Log Restaurant, know for the most fabulous Weddings and Receptions. Within walking distance is the Whitetail Lodge and the famous Blink Bonnie Restaurant.

Where Whitetail Estates is Located

Whitetail Estates is located 1/4 mile west of County Highway C on State Highway 70 in St. Germain, across from the St. Germain municipal 18-hole golf course and next to The 19th Hole Golf Course and Clubhouse.

Income Potential

Whitetail Estates currently has 14 homes on single lots with the monthly rent of $252.00 for a total monthly rent of $3528.00 and 6 homes on double lots with the monthly rent of $378.00 for a total monthly rent of $2,268.00. The total monthly rent for all developed lots is $5796.00. The total annual rent would be $69,552.00.

The potential income from the available 34 vacant lots would be between $10,000-$15,000.00 for each new home put in, which could bring another $340,000.00 minimum. The current monthly rent of $252.00 per lot would bring an additional monthly rent of $8,568.00, and bring an annual rent of $102,816.00 and added into the present monthly rent of $5796.00 would bring the total monthly rent to $14,364.00 and the total annual rent to $172,368.00.  So the potential income is great.

The list price for Whitetail Estates is $799,999.00