$65,000,000
For Sale
265.00 acres | #CV25072371
Listing OfficeRE/MAX OLYMPIC
Browse 3 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Here is a real estate development project of an oceanfront land in Santa Barbara,California.This 264.49 acres has been called several names:, The Jewel of the West ,The Jewel of The Pacific, The Jewel of California and has been ranked as one of the 4 most beautiful lands in USA..
The following brief financial study of the property along with its pictures would give the investor a clear idea about this golden opportunity.
IMPORTANT: This Pacific Oceanfront piece of land was appraised in 2007 at $106 million and the appraisal has been sent to you in a previous email..
Size of the land: 264.49 acres
Zoned for : 70 homes
Location : Pacific Oceanfront In Santa Barbara-California
Asking Price : $65 Million
Intro : It is known as one of the 4 most beautiful pieces of land
In United State
Appraised At : $ 106 million
Note:
It is made up of legally subdivided 6 lots yet physically it is one single lot.
Although the requirement in that location is 30% of the size of this land can be a buildable area
being 80 acres yet the county compelled by the environmentalists to allow only 15 % being 40 acres

  • Property Details
      • SubdivisionSanta Barbara: Other (80)
      • CountySanta Barbara
      • Sewer InformationPublicSewer
      • Original List Price$65,000,000
      • MLS #CV25072371
      • MLS #CV25072371
      • Property TypePurchase
      • Cost65000000
      • Utility SourcePublic
      • ViewOcean
      • Lot DescriptionBluff
      • Property SubtypeLand
      • Acres265

Location

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Get an estimate on monthly payments on this property.

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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