29763 Crown Valley Pkwy-central Park Dr & Parkside E, Laguna Niguel, CA 92677 - OC24092236 - iPro Real Estate

Listing ID : OC24092236

  • Lot Size

    1 Acre

Description

PRIME 1-ACRE VACANT PARCEL ZONED FOR MULTI FAMILY RESIDENTIAL IN CITY OF LAGUNA NIGUEL. Parcel is on Crown Valley Parkway 4.5 miles from picturesque Salt Creek Beach Dana Point, at NW corner of Central Park Drive and Parkside Drive East. Housing built on parcel will have fabulous views overlooking Crown Valley Park, Amphitheater, Botanical Preserve, and Laguna Niguel Community Center. A feasibility study to build housing was done that shows great potential for developing up to nine (9) houses of sizes between 2,100 to 2,300 sq ft. Feasibility Report shows houses built on the parcel are estimated to be sold for $15 mil to $16 mil in today's market. Development cost is estimated to be $6 mil. So there is approx $9 mil to $10 mil gross profit left for buyer/developer. Instead of developing nine houses, buyer may build fewer but larger houses. Prospective buyers are encouraged to review the Feasibility Report attached here as Supplement. Great opportunity for investors and developers wanting to build and sell houses, or for someone wanting to build few large homes for themselves and their family members in a gated community setting. This is one of a kind parcel and would not last long. Contact Listing Broker asap to discuss any questions regarding the Feasibility Report and submit offer.

Details

Type: Land Sale 
County: Orange 
Tax ID: 65408304
Days on Market: 19 
Property Type: Land Sale 
Sub Type: Unimproved Land 

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33.531902 -117.7062 $3,200,000 OC24092236
29763 Crown Valley Pkwy-central Park Dr & Parkside E, Laguna Niguel, CA 92677
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Listed by Zafar Mehdi with Gemstar Properties