Property Description
DEVELOPMENT READY!
This 37.8 acre property is ready to subdivide. The SRR zoning allows subdivision into 5 acre parcels and there is an existing PLA in place to create 5 lots: Four lots will be 5 acres and the fifth will be 15 acres. The property has the roads roughed in and the land is cleared. The developer that has taken it this far estimates that the balance of the work to be done will be $350,000. Add in your purchase cost and the ROI could be 40%. The property has a comfortable slope to the south side giving ocean and coastal mountain views to those lots and the lower larger acreage is quiet flat and has a nice field of about 3 acres – perfect for growing.
