Solana Beach, CA 92075

$4,995,000

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List Price
$4,995,000
Status
ACTIVE
MLS#
260021342SD
Year Built
1958
Lot Size
48,351
Acres
1.11
Days on Market
9
Property Type
Multifamily
Stories
One Level
Neighborhood
Solana Beach

Property Description

One-of-a-kind Solana Beach opportunity offering endless possibilities, exceptional flexibility and rare development potential. Two permitted residences currently occupy the property, providing immediate income and multiple options for an owner-user, investor or developer. Per verification with the City of Solana Beach, the property allows for 2 additional single-family dwellings plus up to 4 ADUs, subject to applicable plans, permits and development requirements. Even more unique, this property has no HOA and is forever exempt. A gated estate with 150 foot easement with privacy in back and front yard. The estate provides whitewater crashing waves views from corner to corner of the property, as well as from the living room of one of the homes. Sweeping views of San Elijo Lagoon and Rancho Santa Fe, open-space secluded privacy on the top of the hill, in one of Southern California’s most desirable coastal communities. Walking distance from highly rated Solana Vista School. Create private mufti-generational estates, expand the existing residences, develop additional homes, maximize rental income or design a truly unique investment project. Opportunities like this are rarely available. Buyer to independently verify final development requirements and approvals with the City.

Additional Information

Appliances
Solar Hot Water
Pool Description
None
Heat
Forced Air, Solar
Cooling
Yes
Cooling Description
Central Air
View
Ocean
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$75,600

Listing courtesy of Listing Agent: Ronald Navalta (ronald.navalta@lptrealty.com) from Listing Office: LPT Realty, Inc.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.