Real Estate Investing: How to Find Great Deals on Undeveloped Lots with Big Potential

Purchasing a plot of land can be one of the best investments to make. A landowner has great (but not unlimited) freedom in how to develop their plot, and land never expires so its potential is essentially infinite. That said, buying undeveloped or vacant land can be risky business, so read on to find tips on purchasing a plot.

Do Your Homework: Before You Get Onto The Land

Before anything else happens, figure out your priorities. Decide what you want the land for, what amenities and what location you want, what you’re looking for in terms of neighbors or local government, and, of course, know your budget. More specific questions will arise around taxes, fees,and permits for building, available utilities/water access but, first, just start with your ideal land plot and work backwards (and into reality) from there.

Do Your Due Diligence: On The Land Itself

Once you find a plot that fits your needs on paper, get out onto it. Walk the land with an eye on the topography (any unexpected hills or valleys? Is the ground solid/fertile/arable, depending on what you need?), neighboring properties, size and shape of the plot, and any other element that the walk brings to your senses (smell and hearing as well as sight). Ideally, do this walk in the fall, so there is no foliage hiding your view of the property and what’s around it.

Don’t Despair: It’s Costly, But There Are Deals Out There

Remember that developing the land will incur costs too. Budget for as many foreseeable costs as you can, including a land survey, well/utility installation, legal fees, land clearing, landscaping, road construction and others. That said there are places you can look at for deals on the initial land purchase, including property lots for sale (which are cheaper the farther they are from major cities, road access, and already-connected utilities) or bank-owned plots. For those, you can talk to your real estate agent about asking local banks for lists of their foreclosed properties, which tend to be cheaper as banks look to sell them off.

Don’t Be Afraid To Ask: Reaching Out To Experts

Finally, talk to people. Ask locals about the neighborhood, previous uses of the land, potential surprises (like calm paths that turn into snowmobile trails in the winter). Connect with professionals in the local health department, zoning and building departments, accountancy and other areas of development for in-depth answers to your municipal questions.

But remember: while you will need to talk with many professionals in your due diligence, let me be your first point of contact – J.P. Cook – 602-320-4253.

Click Here to See What Your Home is Worth

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

17433 W Statler Street Surprise, AZ 85388

$549,900

5 Beds

3.5 Baths

2,403 SqFt

Status Active

MLS # 6695575

Property Type Single Family Residence

Price Type --

This is a move in ready SINGLE LEVEL Dream Home on a large corner lot with a sparkling pool in the highly sought after neighborhood of Surprise Farms. The gourmet kitchen and great room with a fireplace plus built in media wall have picture windows that overlook the tropical pool, extended covered patio and lush green back yard. The delightful chef's kitchen boasts plenty of counter & cabinet space with granite counter tops, stainless steel appliances & built-in pantry. 2 main bedroom suites plus 3 additional bedrooms and 3.5 bathrooms provide spacious accommodations for family and guests.

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17047 N Palo Pino Street Maricopa, AZ 85138

Open House

$549,900

2 Beds

2 Baths

1,725 SqFt

Status Active

MLS # 6697289

Property Type Single Family Residence

Price Type --

Don't miss the chance to own this beautiful home in Maricopa! Bring all your toys w/ extended paver driveway along w/ a climate controlled RV garage w/ full hookups. Walk into the open floor plan including wood-look floors, chic lighting, and a spacious great room, ideal for entertaining. The kitchen is a chef's delight, with white cabinetry, stainless steel appliances, a tile backsplash, solid surface counters, & a center island with a breakfast bar. The primary bedroom is a serene retreat with a soothing color palette, dual sinks, and a walk-in closet in the private bathroom. A versatile den provides space for an office + 3 additional bedrooms. Step outback to your backyard oasis w/ putting green & spectacular lighting features. Perfect spot to experience ALL the stunning AZ sunsets! Outdoors, the expansive backyard is complete with a covered patio, paver patio, artificial turf, and ample space for a pool or various outdoor activities. You can also enjoy the scenic sunset views! Experience the charm and sophistication of this gorgeous home for yourself!

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1292 S 167th Drive Goodyear, AZ 85338

Open House

New

$549,900

4 Beds

2.5 Baths

2,431 SqFt

Status Active

MLS # 6706379

Property Type Single Family Residence

Price Type --

Pool Home in Canyon Trails!!! Introducing this breathtaking home that is sure to captivate you from the moment you step inside. With its stunning wood plank tile floors, elegant two-tone interior paint, and recessed lighting, this home radiates beauty both inside and out. Boasting a generous 2,431 square feet of ''model'' perfect interior space, this home provides endless possibilities for you and your loved ones. Parking will never be an issue thanks to the 3-car tandem garage, complete with a built-in AC mini-split system that ensures year-round comfort. The 10' RV gate provides convenient access for all your outdoor adventure needs. The spacious open floor plan effortlessly ties together the inviting living spaces, creating the perfect atmosphere for relaxation and entertainin The heart of the home, the kitchen, is adorned with granite counters, a convenient breakfast bar, stainless steel appliances, a built-in desk, and an abundance of extended wood cabinetry with pull-out shelves and hardware. The French door leading to the patio from the breakfast area adds a touch of elegance and allows for easy indoor-outdoor living. For those special occasions, the formal dining room is ideal for hosting dinner parties and creating lasting memories with family and friends. This home boasts four generously sized bedrooms, offering plenty of space for everyone. The two and a half baths provide convenience and comfort for all occupants, with ample closets throughout. As you step into the backyard, you'll be greeted by views of the adjacent common area. The covered patio and electric retractable shade screen provide the perfect space to relax and enjoy the outdoors, while the sparkling pool invites you to take a refreshing dip on sunny days. The pristine landscape perfectly complements the breathtaking scenery and creates a truly enchanting ambiance. Don't forget to catch the amazing sunsets that highlight the beauty of this exceptional home. Conveniently located close to shopping, dining, freeways, and more, this home offers the perfect blend of tranquility and accessibility. Rest assured, this home will not disappoint. Don't miss this incredible opportunity to make this stunning home your own. Prepare to be amazed by all that it offers!

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20733 W Melanie Drive Wittmann, AZ 85361

Open House

$549,900

3 Beds

2 Baths

1,928 SqFt

Status Active

MLS # 6686710

Property Type Single Family Residence

Price Type --

NO HOA!! Horses Welcome! It's time to pack up and move West! This up and coming area of the West Valley is close enough to the city and far enough to enjoy your peace and quiet. This amazing property is fully fenced on a private 1.2 acre lot. This beautiful 1928 sq ft territorial style home has 3 large bedrooms, 2 baths, high ceilings, fireplace, huge kitchen with plenty of cabinet space, granite counters, and more. The oversized 2 car garage has a garage service door that exits to an incredible gated breezeway that connects to the home. This great, fully usable lot would be perfect for parking your RV's, trailers, boats, buses, and more! Now's the time to make your move to Wittmann. The 10x20 Weather King shed is included.

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847 E Laddoos Avenue Queen Creek, AZ 85140

Open House

$549,900

2 Beds

2 Baths

1,573 SqFt

Status Active

MLS # 6653538

Property Type Single Family Residence

Price Type --

BACK ON THE MARKET DUE TO BUYER NOT ABLE TO PERFORM! Truly shows like a model home w/ OWNED Solar! The well-maintained facade displays a 2-car garage w/ epoxy flooring, manicured landscape, & courtyard. Explore inside to find an open floor plan, formal dining room, & a bright den for work or play. Highlights include luxury vinyl plank flooring, new paint throughout & plantation shutters. The kitchen boasts recessed & pendant lighting, cabinets with crown moulding, new quartz counters, upgraded stove & dishwasher, a subway tile backsplash, center island, breakfast bar & a breakfast nook with a bay window. Continue onto the primary bedroom, equipped with an ensuite with dual sinks, an enclosed glass shower, & a walk-in closet. The serene backyard has a covered patio, pavers, & citrus tree Upgrades completed in August 2022. -Painted all interior walls and ceilings. -Replaced all baseboards. -Installed luxury vinyl flooring throughout entire home. -New Quartz countertops in kitchen and bathrooms. -Replaced sinks and faucets in kitchen and bathrooms. -New LG dishwasher and stove. -All lighting and fans replaced. -Installed speakers throughout home and on back patio. -New water system throughout home. Upgrades completed in 2023. -Installed rod iron screen door and matching gate to courtyard. -Installed pavers to front courtyard. -Epoxy garage floor. OWNED SOLAR!!

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10508 W Odeum Lane Tolleson, AZ 85353

Open House

$549,900

4 Beds

2.5 Baths

3,053 SqFt

Status Active

MLS # 6668427

Property Type Single Family Residence

Price Type --

OPEN SUNDAY 9-1! Gated Community! Dramatic Entry with in-laid tile accent, leads to Stunning 4 Bedroom OPEN CONCEPT floor plan! Formal Dining, Gourmet Kitchen with upgraded, staggered cabinets, custom pull-outs, Granite Counters, Stainless Steel appliances, Range with Double Ovens, Oversized walk-in pantry, & Island, overlooking the Breakfast Room & Huge Great Room; Perfect for entertaining! The Master Bedroom Suite is split from other Bedrooms for added Privacy, has bath with His & Hers Raised Vanities, Granite Counter tops & an enormous walk-in closet! 3 other nice sized Bedrooms, Guest Bath with Dual sinks & Granite Counters too. Don't miss the bonus room; great for Office or Home Gym! Energy Efficient, North/South facing; perfect for enjoying the extended paver patio year round!!!

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1802 W Lawrence Lane Phoenix, AZ 85021

Open House

$549,900

3 Beds

2 Baths

1,558 SqFt

Status Active

MLS # 6684242

Property Type Single Family Residence

Price Type --

This beautifully remodeled three-bedroom, two-bathroom house near Downtown Phoenix features an inviting open layout, perfect for entertaining guests or enjoying family time. Nestled in a quiet cul-de-sac, it offers both tranquility and convenience. With brand new quartz countertops, new waterproof laminate flooring, and new tiled bathrooms, this home exudes contemporary elegance. New windows, doors, and kitchen cabinets enhance its modern appeal, while the landscaped front yard and brand-new backyard wall provide a private oasis.

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3335 W San Cristobal Road San Tan Valley, AZ 85144

$549,800

3 Beds

2.5 Baths

2,165 SqFt

Status Active

MLS # 6575201

Property Type Single Family Residence

Price Type --

Beautifully Landscaped Master Planned Community by Fulton Homes. Located within minutes of major shopping, restaurants, and freeways. Promenade is at the base of the San Tan Mountains. There are Six Parks throughout the community, one of which is an Aquatic Center with a 7,400 square foot pool. Full basketball and sand volley ball courts. Bocce ball court, pickle ball court, and corn hole are available. Ramada's, Tot Lots, BBQ's, an entry waterfall, and acres of landscaped and grass areas make Promenade your Oasis in the Desert. Some of the photos are of the Model Home since the listing is still under construction. We look forward to meeting you soon.

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5432 N 188th Lane Litchfield Park, AZ 85340

$549,800

4 Beds

3 Baths

2,502 SqFt

Status Active

MLS # 6661506

Property Type Single Family Residence

Price Type --

Embrace the beauty of this stunning home, offering panoramic views of the majestic White Tanks Mountains. Experience the expansive outdoor oasis, boasting one of the most spacious backyards within the neighborhood, and relax on the extended patio surrounded by lush garden views. Inside, discover soaring ceilings, a tranquil color scheme, and ample natural light. The kitchen boasts granite countertops, modern appliances, and a central island with a breakfast bar. Upstairs, a versatile loft and well-appointed bedrooms await. Recently updated with fresh paint throughout and new enjoyable additions to the backyard, this property epitomizes modern luxury amidst breathtaking natural surroundings.

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3028 Mearns Lane Overgaard, AZ 85933

$549,750

3 Beds

2 Baths

1,728 SqFt

Status Active

MLS # 6694010

Property Type Single Family Residence

Price Type --

Step into this charming cabin nestled in the serene national forest located in Heber-Overgaard. This cozy home offers a spacious open floor plan complete with pristine wood work, large covered deck, and a well maintained above ground spa for year round enjoyment. Escape the hustle of the city life and immerse yourself in the tranquility of nature. Heber-Overgaard is full of activities for the whole family to enjoy, such as: hiking, lakes, parks, restaurants, shopping, holiday celebration festivities and more. Don't miss out on the opportunity to create unforgettable memories in this wilderness paradise.

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13513 W Earll Drive Avondale, AZ 85392

$549,700

4 Beds

2.5 Baths

2,649 SqFt

Status Active

MLS # 6659322

Property Type Single Family Residence

Price Type --

Get a 4.75% interest rate on a 2/1 BUY DOWN on this Gorgeous Home! This 4-bedroom, 2.5-bath residence spanning almost 2700sq ft*Split floor plan enhances privacy &functionality, making it ideal for families& those who love to entertain*Large master suite &secondary bedrooms*Standout feature is the fully remodeled bathroom, a sanctuary of relaxation and style*Step into a home free of carpets, new LVT flooring throughout., not only enhances the aesthetic appeal but also simplifies maintenance &promotes a clean, modern look*Spacious living areas seamlessly flow from one room to the next*Fresh paint adorns both the interior& exterior*The crowning jewel of the outdoor area is the BBQ kitchen island complete with a table top, & umbrella*Don't wait stop in to see this Amazing Home Today

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2492 W Stradling Avenue Apache Junction, AZ 85120

New

$549,650

5 Beds

3 Baths

2,444 SqFt

Status Active

MLS # 6706751

Property Type Single Family Residence

Price Type --

This expansive 2,444 square-foot single-level home offers the perfect combination of space and comfort. With 5 bedrooms/3 full bathrooms, this residence is ideal for large gatherings for those who love to entertain.The home's open-concept design creates a seamless flow between the main living areas. The kitchen is a highlight, featuring modern appliances with a gas stove, ample cabinetry, a large center island, and a breakfast bar. Adjacent to the kitchen is a spacious dining area that comfortably accommodates family meals and gatherings. The living room is designed for relaxation and socializing, with plenty of natural light streaming through large windows. 3 car garage & HUGE yard! tankless water heater!

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