0.93-ACRE R-1 RESIDENTIAL LOT IN ANCHOR COVE — PUBLIC WATER & PAVED ROAD

Here is an opportunity to own nearly an acre in the Anchor Cove community of Bracey, Virginia. Lot 62 is zoned R-1 (Residential Single Family), sits on a paved road, has public water available, and is offered with a Warranty Deed.

Bracey is in Mecklenburg County in southern Virginia, a region known for its proximity to Kerr Lake (Buggs Island Lake), which offers boating, fishing, and camping. It is a good fit for buyers who want a quiet, small-town setting with access to the outdoors.

⛰️ Property Highlights

• Location: Bracey, Mecklenburg County, VA
• Subdivision: Anchor Cove (Lot 62)
• Lot Size: 0.93 acres (approx. 40,510.8 sq ft)
• Zoning: R-1 (Residential Single Family) — Deed Restricted
• Road Access: Paved Road
• Utilities: Public Water (Central Community Water); Septic Needed (on-site septic required); electrical service hookup through Mecklenburg Electric Cooperative (MEC)
• HOA: Anchor Cove Association, Inc. ($228–$252/year)
• Taxes: $43.00 per year

🏠 Perfect For

✔️ Building a custom single-family home (stick-built or modular)

✔️ Buyers looking for a residential lot in a deed-restricted community

✔️ Holding the lot for a future home

⛷️ Enjoy Everything Mecklenburg County Has to Offer

✅ Kerr Lake (Buggs Island Lake) for boating, fishing, and camping

✅ Outdoor recreation throughout southern Virginia's lake country

✅ Small-town living with a quiet, rural feel

Important Property Information

Allowed use: Homes. The lot is zoned R-1 (Residential Single Family) and is deed restricted.

Buildable: Yes, subject to septic and soil approval. Public water is available, but the lot has no sewer connection, so an on-site septic system is required.

Mobile homes: Not allowed. Only permanent stick-built or modular structures that match neighborhood architectural standards are permitted.

RV living: Not allowed.

Farm animals: Not allowed.

Minimum house size: Anchor Cove HOA covenants require a minimum of 1,000 sq. ft. on the ground/main level.

Setbacks: Front 25 ft | Side 10 ft | Rear 15 ft.

Required actions before building: Before breaking ground or obtaining county building permits, the buyer must secure a formal environmental wetland delineation/site survey to stake the building envelope, and obtain an engineered on-site septic system permit from the health department.

Impact fees: None.

Electric: Service hookup is available through Mecklenburg Electric Cooperative (MEC), 434-372-6100.

Helpful contacts:

• HOA plan submissions: HOA@anchorcovelkg.com (PO Box 226, Bracey, VA 23919)
• Septic permits and soil: Mecklenburg County Environmental Health Dept., 434-738-6544
• Building permits and code enforcement: Mecklenburg County Building Inspection Dept., 434-738-6191 ext. 4331 (Attn: Eddie Harris)
• Property taxes and GIS mapping: Mecklenburg County Commissioner of the Revenue, 434-738-6191 ext. 4270

Closing & Title Options

This property can close through a title company with title insurance for approximately $800–$1,200, or through Land Supplier’s in-house closing for $299. The buyer is responsible for performing their own due diligence and for paying all closing costs and title fees if choosing to close through a title company.

Owner Financing Available

• Owner finance available with no credit check or income verification
• Contract for deed, deed transferred after final payment
• Everyone is approved
• Down payment: $4,000
• APR: 10%
• $249 processing and origination fee applies to all new loans

💰 Monthly Payment Options

Financed amount: $11,000.00 (owner finance price $15,000.00 − $4,000 down payment)

• 5 Years (60 months): $233.72/month
• 7 Years (84 months): $182.61/month
• 10 Years (120 months): $145.37/month

All payments are principal and interest at 10% APR. The $249 processing and origination fee is separate — it is not included in the financed amount or in the monthly payments above.

Categories: Residential