Town Of Lost Rabbit is aland property for lease in Madison, MS.
This property is situated on the western shore of the Ross Barnett Reservoir in The Town of Lost Rabbit, Madison County Mississippi. It includes 49 parcels containing 47 platted lots and 2 parcels containing ±44.72 acres (24.5 and 20.22 acres) of undeveloped or partially developed land. The two land parcels contains 23 or more un-platted lots depending on the design and approval of a final plat. These lots have streets, sewer, water and utilities as do all of the platted lots. Streets are paved with curb and gutter. The development has an establisblised HOA with convenants and an archtectural review process for new construction.
The Ross Barnett Reservoir is part of the Pearl River Valley Water District (“PRV”) which supplies water for Hinds, Madison, Rankin, Scott and Leake counties. Most property with one quarter mile of the shoreline is lease hold property managed by the PRV including The Town of Lost Rabbit. The PRV uses lease fees to provide the majority of the district’s funding.
The Town of Lost Rabbit is a Traditional Neighborhood Development (TND). It’s original master plan was developed by Duany Plater-Zyberk & Company (DPZ) a well known planning and urban design firm with over 300 inner city and greenfield projects. The property offers a unique opportunity containing both platted and un-platted lots, and undeveloped land with some improvements in place. The town center area of the property could be built out in commercial, retail, and/or mixed use. This area of the property is adjacent the to the Marina in Lost Rabbit.