Thank you
Alexander Ciullo
Pacific Sotheby's Int'l Realty
760-942-7479
4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)
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Total Baths: 0
Partial
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.29
Lot Size Dimensions: 319x175
Lot Size Source: Assessor
Lot Size Square Feet: 56192
Original List Price: 1,400,000
Listing Contract Date: 2024-02-01
Listing Agreement: Seller Reserved
Parcel Number: 2281303200
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 92069 - San Marcos
Directions: 78 Freeway exit Nordahl Road. Left on Auto Park Way, Right on Montiel Rd, Left on Saint Paul Drive CrossStreet: Montiel Rd
Zoning: R-1
Source Property Type: Land
Area: 92069 - San Marcos
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Mulberry Dr, San Marcos, CA,92069 | $1,850,000 | -- | -- | -- | 438213 Sqft |
Richland Road, San Marcos, CA,92069 | $3,489,988 | -- | -- | -- | 879912 Sqft |
1088 Deer Springs Rd, San Marcos, CA,92069 | $1,150,000 | 1 | 2 | 1,191 | 467834 Sqft |
410 E Olive Street, San Marcos, CA,92069 | $4,500,000 | -- | -- | -- | 141134 Sqft |
Via Las Brisas, San Marcos, CA,92069 | $1,165,000 | -- | -- | -- | 1312462.8 Sqft |
Fulton Road, San Marcos, CA,92069 | $1,500,000 | -- | -- | -- | 7.86 Acres |
468 Propsperity Dr, San Marcos, CA,92069 | $840,000 | 4 | 3 | 1,891 | 292480 Sqft |
1515 Capalina Road #72, San Marcos, CA,92069 | $209,900 | 2 | 2 | 960 | -- |
1560 Rock Springs Road, San Marcos, CA,92069 | $859,000 | 4 | 2 | 1,334 | 7500 Sqft |
S Santa Fe Ave, San Marcos, CA,92069 | $149,900 | -- | -- | -- | 8582 Sqft |
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ByOwner last updated this listing 05/10/2024 @ 09:38
MLS: 240002420SD
LISTED BY: Alexander Ciullo, Pacific Sotheby's Int'l Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
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.