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Permit Ready - Monterey County - 104 SFR Permit Ready Lots - Miravale Homes 8.55 Acres of Residential Land Offered at $8,500,000 in Soledad, CA 93960

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INVESTMENT HIGHLIGHTS

  • Exceptional development opportunity to build upon 104 approved lots for single-family homes in Salinas Valley's thriving housing market.
  • City of Soledad has approved permits for a new development offering a range of house models spanning 1,376 to 1,619 square feet.
  • Nestled within Soledad, California, a family-friendly city with a small-town feel and the amenities of a bustling city.
  • Situated close to a thriving agricultural hub, the picturesque Monterey Peninsula, and the technological powerhouse Silicon Valley.

EXECUTIVE SUMMARY

Discover an exciting new construction opportunity in the heart of the Salinas Valley. These 104 lots are permitted with a Final Map subject to infrastructure installation. These are three-bedroom and four-bedroom houses in one of the area’s hottest housing markets. With inventory at a record low, demand remains very strong, and build-out is nearly complete in Soledad. These lots represent the last available opportunity to build in housing-starved Monterey County. Permit-ready, these lots feature approved house models ranging from 1,376 to 1,619 square feet on lots between 2,150 and 3,360 square feet. The homes are expected to sell for over $540,000, with the larger models pushing to $575,000 or above.

Soledad is a highly desired place to live for its affordability, availability of new construction (a rare commodity in the county), and proximity to Salinas, the Monterey Peninsula, and Silicon Valley. Locals enjoy the small-town charm of the area and the surrounding picturesque landscapes of Monterey County. This family-friendly area has recreational activities, remarkable restaurants, and many local small businesses. Developers and investors will find this ideal residential development opportunity encompassing 104 shovel-ready lots in Soledad, California.

PROPERTY FACTS

Price $8,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 8.55 AC
Zoning R1

1 LOT AVAILABLE

Lot

Price $8,500,000
Price Per AC $994,152.05
Lot Size 8.55 AC

104 single-family residential lots fully approved with building permits in place. Lots are being sold as-is with buyer performing Infrastructure work.

  • Listing ID: 25216411

  • Date on Market: 3/9/2022

  • Last Updated:

  • Address: Permit Ready - Monterey County, Soledad, CA 93960

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