This is an amazing prospect for a developer because of it’s unique location. Right on the edge of town with acreage properties on one side, town blocks on the other, and the Golf Course across the road. Not to mention the price.
So, 28 acres with a heap of options. The current owner would be happy to buy back the two bedroom cottage and 5 acres once subdivided, and rent it until the subdivision is approved.
You could subdivide now into 5 acre lots. You could wait 18 months and subdivide into residential blocks. you could do some acreage lots now, and residential lots later. there are plenty of options, including leaving it how it is.
Have a browse through the photos and then come up and have a good look around. The most recent subdivision is happening right now, just down the road.