Smells the Money and Opportunity! 50% lower than market price comapred to the sode adjucent same size lot. DREAM HOME LOT! Approximately 50% lower than market price compared to the sold adjacent same size lot. This listing is selling 9.87 acres R4 residential lot with hills view, nice creek behind the lot. It located at Olivenhein Ranch, an unincorporated area of the county of San Diego, on the border of Encinitas. All roads Nearby have been paved, Easy to find, the lot has clear boarders, the crossroads are Fortuna Ranch and Ranch Summit Drive, Adjacent to Rancho Michelle Dr. where the exact same size 9.9 acres lot has been subdivided into 4 lots and sold at $2.2 million Approximately per 2 acres lot. In 2020, the famous builder "SHEA Homes" developed a new luxury community nearby (cross the street), The community was so popular and has been completely sold out within months. This is a fast-developing high-end area surrounded by luxury Residence or ranch homes, some of then have helicopter pads, private lakes, mini golf courts or horse barns. Water and utilities ready to be applied from the city; current zoning is R4 residential lot.. This is great value in this fast value appreciating area. Price fits for owner/user or developer. Some county documents shown the address was 1735 Ranchi Summit Dr., Ecinitas; The title report also shown the address is: 0 Fortuna Ranch Rd, Encinitas, CA 92024
Seller originally was selling 4.9 acres land which was half of full 9.87 acres lot on this listing; the 4.9 acres land at the listing price of $1.99 million, the whole land of 9.87 acres at Price of $3.99 Million.
Sold for $3,990,000 on 05/22/24
Listing Provided by:
Lucy Scott DRE #01328471 949-877-9000,
Visionaire Real Estate
Bought with: Visionaire Real Estate
$3,990,000
0 Ranch Rd, Encinitas, CA 92024
--beds
--baths
9.87Acres
Unimproved Land
Built in ----
9.87 Acres Lot
$-- Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 25, 2024 at 09:09pm
Listing Provided by:
Lucy Scott DRE #01328471 949-877-9000,
Visionaire Real Estate
Bought with:
Lucy Scott, DRE #01328471
Visionaire Real Estate
Source: CRMLS,MLS#: OC24067972
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Bluff, Canyon, Hills, Peek-A-Boo, Rocks, Trees/Woods
Lot
- Size: 9.87 Acres
- Features: 6-10 Units/Acre, Ranch, Rocks
Details
- Parcel number: 2445008000
- Zoning: Residential
- Special conditions: Standard
Utilities & green energy
- Water: Public, See Remarks
- Utilities for property: Other
Community & neighborhood
Community
- Community features: Foothills, Sidewalks, Valley
Location
- Region: Encinitas
- Subdivision: Olivenhain
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange