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Listed by Gina Hinds • Century 21 Showcase Realtors
$200,000
Est. payment /mo
8,000 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $25
MLS Listing ID ML81966560
HOA Y/N No
Lot Size 8,000 Sqft
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
Build your dream home in one of Monterey's most peaceful, tree-lined neighborhoods. Nestled among mature oaks and surrounded by natural beauty, this serene parcel offers a truly special canvas for your future vision. Imagine waking each morning to birdsong and glimpses of deer roaming through the area, in the kind of tranquil setting that defines the Monterey lifestyle. Located on Madison Road, this undeveloped lot is suited for those seeking to build a custom home, private retreat, or investment property. Zoned R1-R6, the lot provides flexibility for development, and preliminary information suggests it may qualify under SB9 for a lot split, allowing for two single-family residences plus accessory dwelling units (ADUs)a valuable opportunity for multi-generational living or income potential. Buyers are encouraged to independently verify all development possibilities with the City of Monterey. There is currently no water meter or water service on the property, and per city guidance, obtaining a water permit may take years. A bid has been attached to disclosures to build the road. This property is ideal for a forward-thinking buyer, long-term investor, or visionary homeowner willing to navigate the timing challenges in exchange for a chance to build in a truly special location.
Location
State CA
County Monterey
Interior
Fireplace No
Building
Lot Description Mostly Level
Schools
School District Monterey Peninsula Unified, Monterey Peninsula Unified
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