$1,300,000
$1,400,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
841 Saint Paul Dr San Marcos, CA 92069
1.29 Acres Lot
Key Details
Sold Price $1,300,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision San Marcos
MLS Listing ID 240002420SD
Sold Date 07/03/24
HOA Y/N No
Lot Size 1.290 Acres
Property Description
4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)
Location
State CA
County San Diego
Area 92069 - San Marcos
Zoning R-1
Interior
Fireplace No
Exterior
Fence Partial
Utilities Available Natural Gas Available
View Y/N Yes
Present Use Residential
Building
Lot Description Level
Others
Senior Community No
Tax ID 2281303200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Sam Ho • HomeSmart Realty West