$4,000,000
$5,500,000
27.3%For more information regarding the value of a property, please contact us for a free consultation.
22.74 Acres Lot
SOLD DATE : 09/28/2023
Key Details
Sold Price $4,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI22244223
Sold Date 09/28/23
HOA Y/N Yes
Lot Size 22.740 Acres
Acres 22.74
Property Description
Located in the beautiful gateway to Avila Beach, the Cerros Avila project is an amazing opportunity for a developer looking for a project with highly desirable home sites that can get underway very soon. The Final Tract Map #3117 is ready for recordation for 22 residential parcels ranging in size from 0.3 to 1 acre and 1 non-buildable open space parcel. The seller would like to retain Lot 7 at
close of escrow for his own residence, resulting in a net of 21 buildable lots.
Cerros Avila offers views of Squire Canyon and the surrounding hills of Avila Valley with large but manageable lot sizes. The site plan is designed to maximize the amount of single story residences, which should result in more marketable, higher priced homes.
ENTITLEMENT SUMMARY
• Final Tract Map #3117 approved and ready to record
• CEQA approval through a mitigated negative dec
• Draft working house plans
• PG&E preliminary design completed and deposits paid
• Wastewater seepage pits drilled and developed
• Property features a high producing on-site well for landscape irrigation
HIGHLIGHTS
• Final map is signed off and improvements plans are close to final approval
• Located in the beautiful gateway to Avila Beach
• Large lots designed for high end single level residences
• Lots with various options from mountain views to more secluded sites
• Gated development with two private drives
See brochure for additional details.
Location
State CA
County San Luis Obispo
Area 699 - Not Defined
Zoning RS
Interior
Fireplace No
Exterior
Community Features Foothills
Utilities Available See Remarks
View Y/N Yes
View Hills, Mountain(s)
Building
Lot Description 0-1 Unit/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 076251028
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jason Hart • Hart Commercial Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "