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17238 Carrie Ann Ln - REO 20 Ac Dev Site - Multi-Res/Commercial 20.1 Acres of Residential Land Offered at $549,000 in Penn Valley, CA 95946

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Executive Summary

With additional potential for ADUs (subject to approvals), this remarkable property offers the rare chance to create a signature residential community in one of Nevada County's most desirable growth areas. The site benefits from outstanding access and circulation, including three separate access easements. Two newly recorded deeded easements and the original access easement through the adjacent Mobile Home Park satisfy County access requirements and provide convenient ingress and egress from both Penn Valley Drive and Western Gateway Park. Ideally situated with excellent visibility from Highway 20 and within walking distance of downtown Penn Valley's restaurants, shops, services, and nurseries, the property combines small-town charm with exceptional convenience. Lake Wildwood, golf, recreation, and other local amenities are just minutes away, while the below-snow-line elevation offers year-round accessibility and appeal. The property's stunning natural setting is highlighted by majestic heritage oaks, mature tree cover, and the tranquil presence of year-round Squirrel Creek. Public utilities, including power, water, and sewer, are available, further enhancing the site's development potential. Whether envisioned as a premier active-adult community, thoughtfully planned residential neighborhood, or mixed housing development, this is a rare opportunity to acquire one of Penn Valley's most significant entitled residential development sites and bring a transformative vision to life.

Property Facts

Price	$549,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	20.10 AC
Zoning	Res/Dev. - General Plan land use is "planned development-urban medium density" allows for up to 91 residential units. Commercial & industrial uses also possible

Price	$549,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	20.10 AC
Zoning	Res/Dev. - General Plan land use is "planned development-urban medium density" allows for up to 91 residential units. Commercial & industrial uses also possible

1 Lot Available

Lot

Price	$549,000	Lot Size	20.10 AC
Price Per AC	$27,313.43

Price	$549,000
Price Per AC	$27,313.43
Lot Size	20.10 AC

Exceptional 20-acre development site in Penn Valley's Downtown Core. Zoned for up to 91 residential units plus potential ADUs (subject to approvals). Three access easements, year-round creek, utilities available, and Highway 20 visibility.

Description

Fantastic development opportunity on this breathtaking LEVEL 20 acres with year round Squirrel Creek in the heart of Penn Valley. Zoned for 91 parcels with two deeded accesses, as required by the County. This prime location combines freeway exposure with the charm of being just a short walk to downtown Penn Valley's shops, restaurants, and nurseries. With close proximity to Lake Wildwood, the property is an ideal site for a 55+ community or similar residential project. Below the snow line and minutes to Hwy 20, this parcel offers easy access for future homeowners and developers alike. The land features beautiful tree cover, including majestic oaks, and utilities are close at hand with power at the property line. A rare opportunity to create a signature community in one of Nevada County's most desirable settings!

1 1

Not walkable

10/100

Exceptionally drivable

100/100

Not bikeable

10/100

Source: Local Logic^®

Property Taxes

Parcel Number	051-370-002-000	Improvements Assessment	$0
Land Assessment	$350,198	Total Assessment	$350,198

Property Taxes

Parcel Number

051-370-002-000

Land Assessment

$350,198

Improvements Assessment

Total Assessment

$350,198

Contact

Mimi Simmons
Century 21 Cornerstone Realty

Listing ID: 37905611
Date on Market: 10/1/2025
Last Updated:
Address: 17238 Carrie Ann Ln, Penn Valley, CA 95946

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17238 Carrie Ann Ln - REO 20 Ac Dev Site - Multi-Res/Commercial

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