Active

29763 Crown Valley Pkwy-Central Park Dr & Parkside Dr E

Laguna Niguel CA, 92677

$3,200,000


$71.74 per sqft

Active

1.02 Acres

Land

Listed by Zafar Mehdi with Gemstar Properties 949-554-4629

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.

OC24092236

MLS ID

May 25, 2024

Listed

May 27, 2024

Updated

Map

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

Exterior/Building Features

Lot Size

1.02 Acres


Lot Features

6-10 Units/Acre

Other Property Details

Area Name

LNLAK - Lake Area


Days on Market

2


Association Fee

Not Listed


Garage

No


View

Yes


View Description

Panoramic


County

Orange


Pool

No


Zoning

Residential Multi Family


Buyer Agency Compensation

2.5%

Listing Contact: 949-554-4629 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/27/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/27/2024 at 2:09 PM UTC

 

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