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1706 Graybrook Lane, New Albany, IN 47150

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For Sale
Sale Pending

$1,350,000

65.82 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 65.8 acres
    Lot size

Explore this Property

This is your chance to own 65.8± breathtaking acres featuring rolling hills, open green space, and the convenience of downtown. Located in New Albany, Indiana, this prime real estate and includes pro shop, parking lot, outbuildings, and maintenance garages making it a fantastic opportunity for redevelopment or investment. Large open parcels like this, in a downtown area, rarely become available! The property is currently operated as the Historic New Albany Country Club Golf Course. Rolling hills, captivating views, and scenic park-like setting make this property ideal for multi-use and residential development* Highlights: 65.8 acres of open green space in downtown New Albany. Zoned MDR, OS, and FP. Potential for partial redevelopment while continuing golf course operations possibly as an executive course offering *significant golf course tax benefits. Leaseback option available to help reduce buyer's holding costs through lease payments, property maintenance, and special golf course tax credits. No option contracts. Virtual showings and live spatial-video tours available. Contact Sharon Handy for details. *Any redevelopment, future use determinations, or zoning/re-zoning approvals are the sole responsibility of the buyer. Outcomes cannot be predicted and are not guaranteed by the seller.
MLS# 202506880

Courtesy Of United Real Estate

(317) 216-8800

Property Features

  • Amenities
    Water Front
  • Architecture Style
    Other
  • Lot Size
    65.82 Acres
  • View Type
    City, Golf Course, Hills, Park, River

Map and Directions

Directions to 1706 Graybrook Lane, New Albany, IN 47150

Home seller CENTURY 21 Knowles Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Knowles Realty

(662) 842-7878
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.