29763 Crown Valley Pkwy-Central Park Dr & Parkside, Laguna Niguel, ...

Laguna Niguel, CA 92677,29763 Crown Valley Pkwy-Central Park Dr & Parkside

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 3,200,000

Est. payment | -/mo

1.02 Acres Lot

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$ 3,200,000

Est. payment | -/mo

Save

1.02 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CROC24092236

Originating Board California Regional MLS

Lot Size 1.024 Acres

Property 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.

Location

State CA

County Orange

Area Lnlak - Lake Area

Zoning D2

Exterior

View Panoramic

Others

Tax ID 65408304

Special Listing Condition Not Applicable

Listed by Zafar Mehdi • Gemstar Properties

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA