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00 Back Road - Miles Property 3.15 Acres of Residential Land Offered at $260,000 in La Honda, CA 94020
Executive Summary
STRATEGIC PORTFOLIO UPDATE (JULY 6, 2026): INFRASTRUCTURE PERMIT CLEARANCE & COMPLIANCE ENROLLMENT
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Historically positioned as an unpermitted, land-locked holding with a defensive appraisal of $325,000, this 3.1± acre core valley lot has undergone a material structural transformation that shatters previous valuation constraints.
1. The Primary Development Barrier Removed
Previous market underwriting stated that future residential utility on this site was strictly contingent on complex roadway repairs and an upgraded creek crossing. As of July 6, 2026, San Mateo County has officially approved County File No. PLN2025-00070, granting the Resource Management (RM) Permit to construct a new, heavy-apparatus 66-foot prefabricated steel bridge spanning Peter’s Creek. This structural approval legally establishes concrete, fire-safe access to the interior acreage, clearing the ultimate roadblock to active development.
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2. Physical Site Specifications
Topography: 3.1± acres featuring a cleared, level potential builder pad nestled within a high-density, majestic canopy of mature redwoods.
Zoning & Hazards: Tier-1 Resource Management (RM) zoning. The parcel is fully confirmed to sit outside of any identified flood zones.
Utility Infrastructure: Existing power lines run directly through the tract. While a local mutual water system is available, the site footprint is optimized for an independent domestic well to bypass community utility extensions and secure complete operational autonomy.
3. The Institutional "Avoided Conversion" Leverage Trigger
Because a legitimate, county-approved path to physical infrastructure development has been unlocked, the portfolio’s baseline evaluation shifts into an active Avoided Conversion Forestry Asset. Under established carbon and ESG compliance protocols, the value of the standing carbon inventory scales dramatically once a verifiable development threat is documented.
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The owning entity is currently executing parallel utility service drops (PG&E/AT&T) and formalizing the corporate structure for Middleton Development LLC to oversee site preparation.
Note to Institutional Principals: The historical list price of $260,000 represents a pre-permitted asset state. The seller is under no obligation to accept historical raw-land valuations and reserves the right to execute an immediate upward correction to reflect the newly unlocked Highest and Best Use (HBU) permit status.
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Investment & Acquisition Profile:
We invite immediate inquiries, non-disclosure agreements, and portfolio grouping proposals from:
Corporate Sustainability & ESG Procurement Officers looking for local, high-narrative natural capital assets to fulfill Western-regional climate mandates.
Private Land Trusts & Conservation Buyers (POST, Sempervirens Fund, Midpen) seeking to preempt tract fragmentation and protect the Portola State Park watershed corridor.
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Private Equity & Land Assemblage Developers looking to leverage this permitted gateway to aggregate surrounding continuous acreage.
Historically positioned as an unpermitted, land-locked holding with a defensive appraisal of $325,000, this 3.1± acre core valley lot has undergone a material structural transformation that shatters previous valuation constraints.
1. The Primary Development Barrier Removed
Previous market underwriting stated that future residential utility on this site was strictly contingent on complex roadway repairs and an upgraded creek crossing. As of July 6, 2026, San Mateo County has officially approved County File No. PLN2025-00070, granting the Resource Management (RM) Permit to construct a new, heavy-apparatus 66-foot prefabricated steel bridge spanning Peter’s Creek. This structural approval legally establishes concrete, fire-safe access to the interior acreage, clearing the ultimate roadblock to active development.
+ 1
2. Physical Site Specifications
Topography: 3.1± acres featuring a cleared, level potential builder pad nestled within a high-density, majestic canopy of mature redwoods.
Zoning & Hazards: Tier-1 Resource Management (RM) zoning. The parcel is fully confirmed to sit outside of any identified flood zones.
Utility Infrastructure: Existing power lines run directly through the tract. While a local mutual water system is available, the site footprint is optimized for an independent domestic well to bypass community utility extensions and secure complete operational autonomy.
3. The Institutional "Avoided Conversion" Leverage Trigger
Because a legitimate, county-approved path to physical infrastructure development has been unlocked, the portfolio’s baseline evaluation shifts into an active Avoided Conversion Forestry Asset. Under established carbon and ESG compliance protocols, the value of the standing carbon inventory scales dramatically once a verifiable development threat is documented.
The owning entity is currently executing parallel utility service drops (PG&E/AT&T) and formalizing the corporate structure for Middleton Development LLC to oversee site preparation.
Note to Institutional Principals: The historical list price of $260,000 represents a pre-permitted asset state. The seller is under no obligation to accept historical raw-land valuations and reserves the right to execute an immediate upward correction to reflect the newly unlocked Highest and Best Use (HBU) permit status.
Investment & Acquisition Profile:
We invite immediate inquiries, non-disclosure agreements, and portfolio grouping proposals from:
Corporate Sustainability & ESG Procurement Officers looking for local, high-narrative natural capital assets to fulfill Western-regional climate mandates.
Private Land Trusts & Conservation Buyers (POST, Sempervirens Fund, Midpen) seeking to preempt tract fragmentation and protect the Portola State Park watershed corridor.
Private Equity & Land Assemblage Developers looking to leverage this permitted gateway to aggregate surrounding continuous acreage.
Property Facts
| Price | $260,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 3.15 AC |
| Property Type | Land | ||
| Zoning | RM - Resource Management (RM) District | ||
| Price | $260,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 3.15 AC |
| Zoning | RM - Resource Management (RM) District |
1 Lot Available
Lot
| Price | $260,000 | Lot Size | 3.15 AC |
| Price Per AC | $82,539.68 |
| Price | $260,000 |
| Price Per AC | $82,539.68 |
| Lot Size | 3.15 AC |
Mostly flat with numerous cleared areas for building. Potential value with Carbon Credits. Appraised value $325,000. Water available via purchase of share in Mutual Water company. Cost could be prohibitive as compared to drill private well
Description
Large Open Space formerly Fire Truck turnaround for previously sold Community Fire Department. Many large Ancient Redwoods. Flat
1 1
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 085-022-060 | Improvements Assessment | $0 |
| Land Assessment | $81,107 | Total Assessment | $81,107 |
Property Taxes
Parcel Number
085-022-060
Land Assessment
$81,107
Improvements Assessment
$0
Total Assessment
$81,107
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00 Back Road - Miles Property