15141 DEVLIN DRIVE
About This Property
Welcome to Highland Retreat, a private, gated luxury estate community designed for buyers and custom builders seeking privacy, scale, and architectural distinction in western Howard County. Encompassing approximately 55 acres of preserved countryside, Highland Retreat is comprised of only six buildable estate homesites in total. Lot 5 is the sole remaining homesite currently offered for sale, presenting a rare opportunity to build within this highly limited and thoughtfully planned community.
This 4.075-acre homesite offers a perc-approved building location, with the approved perc plan and site placement attached, providing clarity and efficiency for future construction. The cleared building envelope is positioned to capture scenic countryside views, while the rear of the property transitions into wooded areas and designated conservation buffers that enhance privacy and preserve the natural setting. Natural streams and mature trees contribute to the estate-quality environment.
Key infrastructure improvements are already complete. A well has been drilled with an approximate production rate of 20 gallons per minute (GPM), and the approved perc plan significantly reduces development timelines. Underground utilities are installed throughout the community, supporting a clean streetscape and unobstructed sightlines.
Highland Retreat is accessed via a shared private road with gated entry, offering a secure and welcoming sense of arrival. While the setting feels secluded, the location provides convenient access to Glenelg and Clarksville, Route 32, I-70, Western Regional Park, and nearby amenities. The property is served by top-rated Howard County public schools, typically including Glenelg High School, Folly Quarter Middle School, and Bushy Park Elementary School.
The community is governed by the Highland Retreat Homeowners Association, with dues of approximately $100 per month, covering private road maintenance, snow removal, common-area landscaping, utilities serving common property, and general community management. The property is zoned RR-DEO (Rural Residential Estate Overlay), reinforcing the low-density, estate-style character of the neighborhood.
Architectural & Building Requirements (per recorded HOA documents):
Single-family residential use only
Minimum 6,500 sq. ft. of interior living space for two-story homes
Minimum 5,500 sq. ft. of interior living space for one-story homes
Attached two-car garage required
Maximum building height governed by Howard County zoning regulations
Structures over 15 feet must maintain a minimum 8-foot sideline setback
Architectural Design Control Committee approval required prior to construction
No builder exclusivity; owners may select any qualified custom builder
The HOA documents do not expressly prohibit auxiliary structures, fencing, or similar improvements; however, all structures and site features are subject to Architectural Design Control approval, ensuring long-term architectural cohesion and preservation of property values.
This homesite is well suited for a custom luxury builder or qualified end user looking to create a distinctive estate in a private, low-density setting that balances refined living with natural surroundings.
Bring your builder and create a signature residence in Highland Retreat-one of Howard County's most limited luxury estate communities.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Jan 13, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Listed by Homecoin.com | $525,000 | |
| Listed by Homecoin.com | |||
| Feb 21, 2023 | Sold | ||
| Sold | |||
| Oct 30, 2021 | Listed by Cummings & Co. Realtors | $495,000 | |
| Listed by Cummings & Co. Realtors | |||
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Fantastic opportunity to live in one of the most stunning new communities in Howard County! The Highland Retreat offers 6 custom home sites across 55 acres of beautiful rolling hills with plenty of Forest Conservancy Areas. These home-sites are fully improved and ready for your custom home builder to start construction. Lot inventories are low, industry-wide. Hurry, schedule your private tour today. Thank you for your interest. MINIMUM SIZE; Each Dwelling Unit shall contain a minimum of Six Thousand Five Hundred (6,500) square feet of interior living space for a 2-story home and Five Thousand Five Hundred (5,500) square feet of interior living space for a 1-story home. Basements and or lower levels are not included in this minimum finished square footage requirement. Each Dwelling Unit shall contain a minimum two-car garage which shall be attached to the residence. No building, garage, or other structure shall exceed the height regulations of the County as provided in the applicable Zoning Code, as it may be amended. All residences and other structures more than fifteen (15) feet in height shall be placed not less than eight (8) feet from each sideline of a Lot.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017