$98,150

1.148 Acres on Bozman Road on the north edge of DeSoto Parish, which has been one of the fastest growing areas in the region. This is in a very desirable, DeSoto Parish location, only minutes from Southern Loop and I-49. Most of the homes in the vicinity are of custom home quality, including a gated-deed restricted custom home neighborhood directly adjacent to this offering. Due to the velocity of the residential market and construction cost inflation over the past couple of years, the new construction market has slowed considerably while existing supply of homes has compressed to record lows. These changes in market dynamics create a unique opportunity for spec home developers. Higher-end priced home buyers, especially in DeSoto Parish, have limited options. While DeSoto Parish continues to remain a desirable place in which to live, an investor has greater potential to protect their invested capital by investing in a stable area for land values.