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Listed by Nicholas Tortorelli • NT Real Estate, DRE#01925692
$1,998,000
Est. payment /mo
7.51 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82032915
Lot Size 7.510 Acres
Property Sub-Type Residential Development Land
Property Description
Rare near-entitled infill development opportunity. The subject property consists of approximately 7.63 acres across two legal parcels, planned for a 37-lot single-family residential subdivision. The approved development program includes 37 detached homes, all 3-bedroom, 2-bath, with floor plans. ranging from, 1,150 to 1,350 square feet, w/ garages. The project is substantially through the entitlement process. An MND was completed, a full EIR was not required, and public hearings have been conducted. The final map has been approved and is ready to record, subject to posting of performance bonds. Plans are in final updates to current code standards. Proposed improvements include full horizontal development: grading, private roads, curb and gutter, sidewalks, underground utilities, storm drainage, and engineered retaining walls. The site benefits from strong frontage, good access, and an established surrounding residential neighborhood. Seller financing available, call for details.
Location
State CA
County Monterey
Area Laurel Heights
Zoning R-L-5.5
Exterior
Fence Fenced
Utilities Available None / No Utilities
Present Use Vacant
Building
Lot Description Regular
Sewer Sewer Available
Water None
Others
Tax ID 004-601-066-000
Horse Property No
Special Listing Condition Court Confirmation May Be Required
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