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Listed by Lucy Scott • Visionaire Real Estate
$ 3,500,000
Est. payment /mo
Price Dropped by $400K
1735 Rancho Summit Drive Encinitas, CA 92024
9.87 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Olivenhain
MLS Listing ID OC-25171596
Lot Size 9.870 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A rare opportunity in the prestigious Olivenhain Ranch area of Encinitas, This 1735 Rancho Summit Dr. a 9.9- acre flat residential lot , as a hidden jewel of the prime residential land is available at half the market price, making it ideal for investors or home builders seeking a lucrative venture. The property boasts a panoramic view, nearly all flat terrain, and a picturesque creek at the rear. Positioned in a fast-developing high-end neighborhood with luxury homes featuring amenities like private lakes and horse barns, this parcel is a valuable asset. City utilities are readily accessible, and the land is zoned for two large homes with four acres per residence, in line with the county's preference. Nearby developments have demonstrated strong demand, even with small-sized lots selling for millions. With paved roads, clear boundaries, and a strategic location at Encinitas, this outstanding flat lot in a rapidly appreciating area is a must-see for owner/users for a family compound or large ranch homes or for developers and 1031 exchange buyer for a lucrative investment.
Location
State CA
County San Diego
Area 92024 - Encinitas
Zoning RR
Exterior
Community Features Curbs, Dog Park, Foothills, Golf, Hiking, Horse Trails, Hunting, Park, Sidewalks, Valley
View Y/N Yes
View Hills, Mountain(s), Ocean, Park/Greenbelt, Panoramic, Peek-A-Boo, River, Rocks, Trees/Woods, Canyon, Coastline, Golf Course, Harbor
Building
Lot Description 6-10 Units/Acre
Others
Virtual Tour https://www.wellcomemat.com/mls/5drk2c712e241md4m