29763 Crown Valley Pkwy-central Park Dr & Parkside Dr E, Laguna Niguel
$3,200,000
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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.
Essential Information
- MLS® #
- OC24092236
- Price
- $3,200,000
- Bathrooms
- 0.00
- Acres
- 1.02
- Type
- Land
- Status
- Pending
Community Information
- Area
- LNLAK - Lake Area
- Subdivision
- Park Niguel (PN)
- City
- Laguna Niguel
- County
- Orange
- Zip Code
- 92677
Address
29763 Crown Valley Pkwy-central Park Dr & Parkside Dr E
Amenities
- View
- Panoramic
Exterior
- Lot Description
- 6-10 Units/Acre
Additional Information
- Date Listed
- May 25th, 2024
- Days on Market
- 26
- Zoning
- Residential Multi Family
Listing Details
- Agent
- Zafar Mehdi
- Office
- Gemstar Properties
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of July 6th, 2024 at 3:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.