Here is a real estate development project of an oceanfront land in Santa Barbara,California.This 264.49 acres has been called several names:, The Jewel of the West ,The Jewel of The Pacific, The Jewel of California and has been ranked as one of the 4 most beautiful lands in USA.. The following brief financial study of the property along with its pictures would give the investor a clear idea about this golden opportunity. IMPORTANT: This Pacific Oceanfront piece of land was appraised in 2007 at $106 million and the appraisal has been sent to you in a previous email.. Size of the land: 264.49 acres Zoned for : 70 homes Location : Pacific Oceanfront In Santa Barbara-California Asking Price : $50Million Intro : It is known as one of the 4 most beautiful pieces of land In United State Appraised At : $ 106 million Note: It is made up of legally subdivided 6 lots yet physically it is one single lot. Although the requirement in that location is 30% of the size of this land can be a buildable area being 80 acres yet the county compelled by the environmentalists to allow only 15 % being 40 acres
- Price:
- $50,000,000
- Acreage:
- 265.00
- Listing ID #:
- CV22233922
- Street Address:
- 0 More Mesa Dr
- City:
- Santa Barbara
- State:
- California
- Postal Code:
- 93110
- County:
- Santa Barbara
- Community:
- Santa Barbara
- Subdivision:
- Santa Barbara: Other (80)
- Listing Status:
- Active
- Listing Type:
- Land
- View:
- Ocean
- Conforms To Zoning:
- Prd 70-100
- Lot Features:
- Bluff
- Lot Size:
- 265
- Lot Square Footage:
- 11543400
- Road Frontage Type:
- City Street
- Community Features:
- Biking, Fishing, Hiking, Street Lights
- On Market Date:
- 2022-11-01
- Originating Mls:
- Crmls
- Terms:
- 1031 Exchange
- Subdivision:
- Santa Barbara: Other (80)
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
- Waterfront Description:
- Across The Road From Lake/Ocean, Beach Access, Beach Front, Ocean Access, Ocean Front
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Taffy Bishara with RE/MAX OLYMPIC
