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Listed by Matthew Telfer • South County Realty Mh, DRE#01363041
$2,375,000
Est. payment /mo
12.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Agriculture/Ranch Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82055369
Lot Size 12.500 Acres
Property Sub-Type Agriculture/Ranch Land
Property Description
Exceptional opportunity to acquire one of Morgan Hill's premier future development opportunities. This +-12.5-acre parcel has been owned by the same family for multiple generations and offers an outstanding investment opportunity immediately adjacent to the Morgan Hill city limits. Currently located within unincorporated county, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, allowing for a planned density of up to 7 dwelling units per acre upon potential future annexation to the city. While preserving its long-term development upside, the property also offers the opportunity to build a spectacular custom estate with the potential for a single-family residence, detached ADU, and attached Junior ADU, subject to Santa Clara County approval and applicable regulations. The land is currently leased to a local farmer, providing agricultural income while holding for future appreciation. For buyers seeking a larger land assemblage, the adjoining +-9.83-acre sister parcel is also available for purchase, creating a combined offering of approximately +-22.33 acres with significant long-term investment potential. Opportunities to acquire generational land holdings of this size and location are exceedingly rare.
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning A-20A
Exterior
Fence Partial Fencing
Utilities Available Electricity - On Site
Present Use Agricultural
Building
Lot Description Agricultural Use, Grade - Level, Other
Sewer Other
Water Well
Others
Tax ID 779-04-026
Horse Property Possible
Special Listing Condition Not Applicable
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