Closed

0 Ranch Summit

Encinitas CA, 92024

$3,990,000


$9.28 per sqft

Closed

9.87 Acres

Land

Listed by Lucy Scott with Visionaire Real Estate 949-877-9000

Smells the Money and Opportunity! 50% lower than market price comapred to the sode adjucent same size lot. DREAM HOME LOT! Approximately 50% lower than market price compared to the sold adjacent same size lot. This listing is selling 9.87 acres R4 residential lot with hills view, nice creek behind the lot. It located at Olivenhein Ranch, an unincorporated area of the county of San Diego, on the border of Encinitas. All roads Nearby have been paved, Easy to find, the lot has clear boarders, the crossroads are Fortuna Ranch and Ranch Summit Drive, Adjacent to Rancho Michelle Dr. where the exact same size 9.9 acres lot has been subdivided into 4 lots and sold at $2.2 million Approximately per 2 acres lot. In 2020, the famous builder "SHEA Homes" developed a new luxury community nearby (cross the street), The community was so popular and has been completely sold out within months. This is a fast-developing high-end area surrounded by luxury Residence or ranch homes, some of then have helicopter pads, private lakes, mini golf courts or horse barns. Water and utilities ready to be applied from the city; current zoning is R4 residential lot.. This is great value in this fast value appreciating area. Price fits for owner/user or developer. Some county documents shown the address was 1735 Ranchi Summit Dr., Ecinitas; The title report also shown the address is: 0 Fortuna Ranch Rd, Encinitas, CA 92024
Seller originally was selling 4.9 acres land which was half of full 9.87 acres lot on this listing; the 4.9 acres land at the listing price of $1.99 million, the whole land of 9.87 acres at Price of $3.99 Million.

OC24067972

MLS ID

April 5, 2024

Listed

May 26, 2024

Updated

Map

0 Ranch Summit
Encinitas CA, 92024

Exterior/Building Features

Lot Size

9.87 Acres


Lot Features

6-10 Units/Acre, Ranch, Rocks

Other Property Details

Area Name

92024 - Encinitas


Days on Market

10


Garage

No


View

Yes


View Description

Bluff, Canyon, Hills, Peek-A-Boo, Rocks, Trees/Woods


County

San Diego


Water Source

Public, See Remarks


Pool

No


Zoning

Residential


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

5/26/2024

Sold

$3,990,000

Listing Contact: 949-877-9000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/26/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 5/26/2024 at 6:38 AM UTC

 

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