Pending
29763 Crown Valley Pkwy-Central Park Dr & Parkside Dr E
Laguna Niguel CA, 92677
$3,200,000
$71.74 per sqft
Pending
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.
OC24092236
MLSⓇ ID
May 25, 2024
Listed
July 18, 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
26
Association Fee
Not Listed
Garage
No
View
Yes
View Description
Panoramic
County
Orange
Pool
No
Zoning
Residential Multi Family
Listing History
Date | Event | Price |
|---|---|---|
6/21/2024 | Pending | — |
Listing Contact: 949-554-4629
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/18/2024. 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.
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Data last updated on 7/18/2024 at 10:38 PM UTC