Exciting Real Estate Development Opportunity in Buzzards Bay
Hilco Real Estate Sales is thrilled to outline an exceptional opportunity for developers and investors interested in prime waterfront real estate. The bid deadline is set for September 2025 for an eight-acre site located directly on Buzzards Bay. This property at 36-48 Robinwood Road offers a significant chance to create a multi-generational housing community.
The Allure of Buzzards Bay
The property boasts approximately 400 feet of exclusive shoreline, providing direct access to the Cape Cod Canal. This site is more than just a real estate listing; it's a canvas for creating luxury homes with an approved layout plan for seven residences, combined with designs for a deep-water dock. Such features are increasingly sought after, especially for those interested in recreational development.
Potential for Immediate Construction
This development site is shovel-ready, meaning utilities are already in place, which allows an investor or developer to bypass the typical costs and delays associated with new construction projects. Currently, on-site residence operates as a short-term rental, presenting an immediate income-generating option while plans for redevelopment are underway.
Growing Interest in Wareham Real Estate
Wareham, historically known as the "Gateway to Cape Cod," is emerging as a strong real estate market without the heavy congestion often found in peak tourist areas. With a steadily increasing population, this area is attractive to retirees and newer buyers who are seeking the coastal lifestyle without the burden of high prices.
Demographic Appeal
The median age in Wareham suggests a strong appeal to various demographics, with over 80% of households being owner-occupied. As urban residents from regions like Boston seek second homes or year-round residences, Wareham stands out as a perfect option for real estate investment. The growth in population over the last decade showcases the area's rising popularity.
Strategic Timing for Real Estate Investment
“This is truly a turnkey development opportunity,” says Jeff Hubbard, a senior managing director at Hilco Real Estate Sales. The rarity of fully entitled sites that cater to immediate construction in such a waterfront setting enhances the appeal of this opportunity. Developers interested in creating high-end products can capitalize on the increasing demand in the area.
Market Demand and Future Outlook
Christian Koulichkov, managing director at Hilco Real Estate Sales, emphasizes that the project is uniquely positioned to meet the demand for waterfront homes, especially properties tailored for multiple generations. As more buyers look for legacy projects, this development can satisfy a market that is hungry for such offerings.
Submission Details and Court Approval
This development opportunity is pending court approval in the State of Rhode Island, and bids must be submitted by September 2025 by 5:00 p.m. ET. Interested parties can find further details on Hilco Real Estate Sales’ website.
For additional specifics regarding the property, sale process, or to access due diligence documents, prospects can contact Hilco Real Estate Sales. The company is eager to assist interested parties enhance their portfolios.
About Hilco Real Estate Sales
Established as a crucial player in optimizing real estate holdings, Hilco Real Estate Sales provides strategies that amplify asset value and minimize risk. The company's extensive expertise in complex transactions has enabled it to secure significant value for clients over its 20-year history. By focusing on strategic asset management, they ensure successful outcomes in varying real estate environments.
Frequently Asked Questions
What is the bid deadline for the development site?
The bid deadline for the development site is September 17, 2025, at 5:00 p.m. ET.
What is included in the property sale?
The sale includes approved plans for seven luxury homes and designs for a deep-water dock.
Why is Wareham becoming a popular market?
Wareham offers coastal living without congestion and has seen steady population growth, attracting buyers for second homes.
How does this property benefit from its location?
The property enjoys direct access to Buzzards Bay and a location just over an hour from major cities, enhancing its appeal for developers.
Who can be contacted for more information on the property?
Interested parties can reach out to Christian Koulichkov or Jonathan Cuticelli for further information about the development site.
