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Listed by Paul Zech • Coldwell Banker Realty, DRE#01965059
$ 3,350,000
Est. payment | /mo
2.75 Acres Lot
$ 3,350,000
Est. payment | /mo
2.75 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82055824
Lot Size 2.750 Acres
Property Sub-Type Residential Development Land
Property Description
Two Lucrative Development Execution Strategies Strategy: 1. Build the Tentative Map Approved Project, plans included : Approved for eight (8) premium 2,800+ sq. ft. single-family homes and one (1) duplex (10 high-value units total).The "Link-Detached" Advantage: The 8 single-family homes are all 2-story, 4-bed, 3.5-bath floor plans sitting on individual lots. They are legally attached via a common garage party wall only, offering buyers a highly marketable, fully detached living experience with premium privacy. Infrastructure Ready: Finished building sites with direct infrastructure access are nearly extinct in Santa Cruz County this site eliminates years of pre-development risk. Strategy 2: Leverage RHNA for Maximum Density Upside (Land Banking)The Housing Element Windfall: Santa Cruz County's massive 6th Cycle Regional Housing Needs Allocation (RHNA) quota has left the county starving for units. Unmatched High-Density ROI: This RM-6 zoned site is a prime for an even higher-density housing play. Park your money, capture increasing land appreciation, or redesign the site plan to maximize your footprint and explode your internal rate of return (IRR). Lot 2 025-211-02 Nearby Dominican hospital, shopping, restaurants, local beaches all value-add benefits.
Location
State CA
County Santa Cruz
Area Soquel
Zoning RM-6
Exterior
Fence Chain Link, Partial Fencing
Utilities Available Electricity - Available at Street
Present Use Bare Land,Subdivision
Building
Lot Description Grade - Mostly Level
Sewer Sewer - Public, Sewer Available
Water Water Available at Street
Others
Tax ID 025-211-02
Horse Property No
Special Listing Condition Not Applicable
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