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Listed by South County Realty Mh
$ 2,375,000
Est. payment | /mo
544,500 SqFt
$ 2,375,000
Est. payment | /mo
544,500 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
Square Footage 544,500 sqft
Price per Sqft $4
MLS Listing ID ML82055369
HOA Y/N No
Lot Size 12.500 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
Exceptional opportunity to acquire one of Morgan Hill's premier future development opportunities. This +-12.5-acre parcel has been owned by the same family for multiple generations and offers an outstanding investment opportunity immediately adjacent to the Morgan Hill city limits. Currently located within unincorporated county, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, allowing for a planned density of up to 7 dwelling units per acre upon potential future annexation to the city. While preserving its long-term development upside, the property also offers the opportunity to build a spectacular custom estate with the potential for a single-family residence, detached ADU, and attached Junior ADU, subject to Santa Clara County approval and applicable regulations. The land is currently leased to a local farmer, providing agricultural income while holding for future appreciation. For buyers seeking a larger land assemblage, the adjoining +-9.83-acre sister parcel is also available for purchase, creating a combined offering of approximately +-22.33 acres with significant long-term investment potential. Opportunities to acquire generational land holdings of this size and location are exceedingly rare.
Location
State CA
County Santa Clara
Interior
Fireplace No
Building
Lot Description Agricultural, Horses Possible, Level
Schools
School District Morgan Hill Unified, Morgan Hill Unified
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Qayes Abdulla
REALTOR® Lic# DRE# 02150727