Check out this unique bayfront property, which includes submerged land owned in fee simple, plus separate residential zoned lots that front Doris. (Buyers should check with County Planning to satisfy themselves if they are even legal lots and if they can be developed with a residence) The larger vacant land parcel is approximately a 5.23-acre with frontage on Binscarth, Nancy, Garden, Doris, and Mitchell Drive and the water parcel covers approximately 7.53-acres commonly known as Cuesta Inlet. The owners have granted permission ( subject to control and revocation) to the public to enter the property, park kayaks and small boats and to have access to the bay. The larger parcels total 12+ acres and are zoned recreational, meaning they could have the potential for the development of shops, restaurants, fishing, bay tours, etc. The residentially zoned lots could have the potential for a nice home site. In addition, this is a great property to add to a tax-deferred exchange with other million-dollar properties for the long-term hold to develop. Buyers are advised the properties may have access to but are not connected to sewer or water. The original owners have all passed away and the current owners, as heirs/successors, have limited information and make no representation of any kind as to the use or potential use of the property. The buyer is advised to satisfy themselves as to the value and desirability of the property and to contact the County Planning Department and Coastal Commission regarding any and all development potential or use thereon.
Property Type :
Land
Subdivision :
Fallbrook
County :
San Luis Obispo
Style :
Land
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ByOwner last updated this listing 05/05/2024 @ 02:44
MLS: SC22134621
LISTED BY: Jack Franklin, Franklin Real Estate & Rentals
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
