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$ 2,750,000
Est. payment | /mo
52.7 Acres Lot
$ 2,750,000
Est. payment | /mo
52.7 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24187757
HOA Y/N No
Lot Size 52.700 Acres
Property Description
Excellent land for development opportunity in the community of Grand Terrace including over 52.7 acres of raw land accessible from Raven Way and Main Street. This property offers a rare opportunity for residential development in the City of Grand Terrace.
Tentative Tract 18597 was submitted in 2010, allowing for a 15-DU custom development aligned under current zoning, R-1.20, allowing for 2-DU/acre with 20,000sf minimum pads. However, city has expressed high interest/willingness to cluster under @ R1-10 4-DU/ac., R1-7.2 5-DU/ac. the total 52 acres.
Buyers are highly encouraged to speak with city planning to discuss the opportunities associated with this highly coveted foothill location.
The Spring Mountain tract was completed by production builders to the south with a $729,000/DU median price. Iron Horse Hills to the north with TTM in place for 184 SFD lots projected @ $725,000/DU.
The property offers western exposure view potential and is ripe for development. Imagine the possibilities!
Tentative Tract 18597 was submitted in 2010, allowing for a 15-DU custom development aligned under current zoning, R-1.20, allowing for 2-DU/acre with 20,000sf minimum pads. However, city has expressed high interest/willingness to cluster under @ R1-10 4-DU/ac., R1-7.2 5-DU/ac. the total 52 acres.
Buyers are highly encouraged to speak with city planning to discuss the opportunities associated with this highly coveted foothill location.
The Spring Mountain tract was completed by production builders to the south with a $729,000/DU median price. Iron Horse Hills to the north with TTM in place for 184 SFD lots projected @ $725,000/DU.
The property offers western exposure view potential and is ripe for development. Imagine the possibilities!
Location
State CA
County San Bernardino
Area 266 - Grand Terrace
Zoning R1-20
Interior
Fireplace No
Exterior
Community Features Biking, Hiking
View Y/N Yes
View City Lights
Building
Lot Description 2-5 Units/Acre, Rectangular Lot, Steep Slope
Water Public
New Construction No
Others
Senior Community No
Tax ID 1178241030000
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Listed by Anthony Haan • T.Haan & Associates • thaan@haanappraisals.com