CA > Laguna Niguel > Park Niguel
Laguna Niguel, CA 92677,29763 Crown Valley Pkwy-Central Park
Laguna Niguel, CA 92677,29763 Crown Valley Pkwy-Central Park
Laguna Niguel, CA 92677,29763 Crown Valley Pkwy-Central Park
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Zafar Mehdi • Gemstar Properties
$3,200,000
Est. payment /mo
1.02 Acres Lot
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Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

Subdivision Park Niguel

MLS Listing ID OC-24092236

Lot Size 1.024 Acres

Property Description

PRIME 1-ACRE VACANT PARCEL ZONED FOR MULTI FAMILY RESIDENTIAL IN CITY OF LAGUNA NIGUEL. Parcel is on Crown Valley Parkway 4.5 miles from picturesque Salt Creek Beach Dana Point, at NW corner of Central Park Drive and Parkside Drive East. Housing built on parcel will have fabulous views overlooking Crown Valley Park, Amphitheater, Botanical Preserve, and Laguna Niguel Community Center. A feasibility study to build housing was done that shows great potential for developing up to nine (9) houses of sizes between 2,100 to 2,300 sq ft. Feasibility Report shows houses built on the parcel are estimated to be sold for $15 mil to $16 mil in today's market. Development cost is estimated to be $6 mil. So there is approx $9 mil to $10 mil gross profit left for buyer/developer. Instead of developing nine houses, buyer may build fewer but larger houses. Prospective buyers are encouraged to review the Feasibility Report attached here as Supplement. Great opportunity for investors and developers wanting to build and sell houses, or for someone wanting to build few large homes for themselves and their family members in a gated community setting. This is one of a kind parcel and would not last long.

Location

State CA

County Orange

Area Lake Area

Zoning Residential Multi Family

Interior

Inclusions Feasibility Report to develop housing on the Parcel attached as Supplement

Exterior

Community Features Urban

View Y/N Yes

View Panoramic

Building

Lot Description 6-10 Units/Acre

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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