Property Details
About this Property
Approximately 76 acres +\- Raw land located in the Santa Cruz Mountains overlooking The Monterey Bay including Carmel, Big Sur, Monterey and Santa Cruz with breathtaking views! 12% plus pro forma cap rate up to 60k / mo potential rent as highest and best use for camping, agriculture and several roads and ponds for off-roading activities. Expand this private retreat with virtually unlimited income potential. This exclusive 80 acre +\- acre parcel offers 360-degree sweeping ocean and mountain views. The seller cut several roads and there are retreats and schools such as Mt. Madonna which are good examples of what can be built. The uppermost building site (separate from the other developed sites) could be expanded to 4 more sites or build your dream home/estate with approximately 40 acres available for a vineyard. Ideal southern exposure provides liberating independent living possibilities. This property offers significant possibilities for those seeking a secluded estate or private retreat in a spectacular setting. This property was previously owned by a US president and can be connected to power or off grid with photovoltaic, propane, and has a working well with several water tanks. This Special Use zoned parcel features Summit Rd. frontage and amazing 3
MLS Listing Information
MLS #
CROC22019593
MLS Source
California Regional MLS
Days on Site
218
Buyer's Brokerage Compensation*
2.00%
Lots & Land Information
Fencing
None
Lot Description
Agricultural Use, Hunting
Utilities
Propane On Site, Propane
Exterior Features
Horse Property
Yes
Parking, School, and Other Information
HOA Fee
$0
Zoning
D1, AGR, AGO, AGT, AGV, HU
Nearby Homes for Sale
0 Summit Road is in Los Gatos, CA 95560. This Land is currently priced at $3,199,000. This address can also be written as 0 Summit Road, Los Gatos, CA 95560.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of August 08, 2022. For the most current information, please contact Brett Barber, (949) 402-5550
