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Listed by Nicole Myhrstad • Bailey Properties
$5,999,999
Est. payment /mo
1,350,360 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,350,360 sqft
Price per Sqft $4
MLS Listing ID ML82042810
HOA Y/N No
Lot Size 31.000 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
Unique Investment & Landmark Property. A one-of-a-kind opportunity to own a property with 2 existing houses + a Commercial Building AND likely the possibility to subdivide and build a large single-family home + a 1200-foot ADU on the top ridge of the property!!! Property is a total of 30 acres with the possibility of a 10-acre lot split for a building site on the upper ridge. The ridge has been graded and cleared, newly paved road to the top ridge. Sweeping canyon views from the potential building site. Home to the Bamboo Giant Nursery, this estate features the largest public bamboo grove in the U.S., along with redwoods, sunny clearings, and a koi pond with a self-sustaining waterfall. Additionally, the property includes 12 rental units generating steady income: Two homes with 2 units each (1,904 sq. ft. and 4,673 sq. ft.), Total 6,577 SF Total bed /bath count 9/7 plus a commercial/art studio building with 8 creative bays (2,693 sq. ft.). All units are fully tenant-occupied, providing a significant monthly rent roll. The natural beauty has also made this property a sought-after venue for weddings, fairs, and tours. A rare opportunity to combine income, development, and natural splendor in one remarkable property. Seller is offering partial seller financing to qualified buyers.
Location
State CA
County Santa Cruz
Interior
Fireplace No
Exterior
View Ridge, Valley
Building
Lot Description Mostly Level
Schools
School District Pajaro Valley Unified, Pajaro Valley Unified
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