1735 Rancho Summit Dr.

Encinitas CA 92024

$1,998,000

Status: Active

Property Details

Description

DREAM HOME LOT! It would have a beautiful ocean view on the upper floors after building your large dream house. Currently it is a semi-flat lot beside major paved roads with mountain and ranch views. This is a residential lot near Olivenhein Ranch, an unincorporated area of the county of San Diego, on the border of Encinitas. Easy to find, the crossroads are Fortuna Ranch and Ranch Summit Drive, next to Rancho Michelle. This lot has clear borders, and in 2020, the famous builder SHEA Homes developed a new luxury community nearby (just next to this land) and they were completely sold out within months. The roads are paved and easily accessible. This is a fast developing area with surrounding luxury house values around $5 million with house size ranging around 4000-5000 Sq. ft. There are many large ranch homes around. Water and utilities ready to be applied from the city; current zoning is R residential. This lot can be subdivided to 2 or multiple residential lots. There are not many buildable lots available nearby. This is a great value in this value appreciating area. Price fit for owner/user or developer. Seller is in the process of land subdivision and escrow could be closed at any moment. The original lot is 9.87 acres and the seller is selling 1/2 of the lot for this listing at 4.9 acres at $1.99 million. The investor can also purchase the entire lot.

Map Location

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Listing provided courtesy of Lucy Scott of Visionaire Real Estate. Last updated 2024-01-18 10:17:27.000000. Listing information © 2021 PACIFICSOTHEBYSFULLSANDICORCOMBINED.

Justin Brennan

Justin Brennan

DRE# 01866398
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