St. Bernard Parish subdivision listed for sale with company citing parish growth

Advertised as the largest partially developed subdivision in St. Bernard Parish, a 48-acre parcel is on the market in Meraux. The land, listed on Tuesday by RE/MAX Commercial Brokers at about $2.4 million, has 171 residential lots and two commercial lots facing East Judge Perez Drive.

In a move to draw people to its population-drained, post-Hurricane Katrina parish, St. Bernard Parish government offers prospective home buyers up to $30,000 through a soft-second mortgage program paid for through U.S. Housing and Urban Development Department Community Development Block Grant funds.

“With average residential lot sizes of 75 x 110, enhanced levee protection and CDGB Soft Second Mortgage Program eligibility, the property provides developers with added marketability to future buyers,” said listing agent Matt Eaton.

St. Bernard, where nearly 80 percent of housing units had severe damage from Katrina’s storm surge and levee breaches, has since experienced the most dramatic population decline of any parish in the state, according to the 2010 census. Its population fell by 47 percent from its 2000 figure of 67,229.

The partially developed subdivision, named Chaperon Estates, is listed by RE/MAX for $2,399,000. In its announcement about the listing on Tuesday, RE/MAX describes St. Bernard as an area experiencing rapid growth.

St. Bernard was the nation’s second fastest-growing country between April 1, 2010, and July 1, 2012, according to 2013 U.S. Census Bureau population estimates. It jumped 16 percent — or by 5,738 people — from 35,897 residents to 41,635.

Chaperon Estates “includes an entry bridge, partially completed street, green space, a full set of subdivision plans, and an income-producing billboard,” according to the RE/MAX announcement. Its listing price comes to $49,979 per acre.

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