How do I get around subdividing restrictions for selling land?
I have a 16 acre vacant land lot that is undeveloped. The county prevents me from subdividing into anything less than 5 parcels unless I develop it. I have already sold 4 acres which leaves me with 12 acres and I am able to only split it up 4 more times. This would be 4 lot sizes of 3 acres.
The land has some homes being developed around it and the minimum requirement for home lot sizes in the area is 1 acre lots. The land is located in a stagnant market with very little growth and or appreciation. I would like to sell the entire piece of land to reinvest in multifamily properties. Theres very little interest in the parcels since they are larger than what people need or are willing to pay for.
Im looking for a creative way to either get around the subdevelopment restrictions or how I can use this property to fund other RE investments.