Perched atop a sprawling, gated hillside, this quaint mid-century cottage offers charm and serenity on a grand scale. This completely private one-bedroom, one-bathroom property boasts a unique and rare opportunity. With a tentative tract map for a 10-lot subdivision, and up to potential 14 lots ranging from 17,000 to 20,000 square feet, this property offers a blank canvas for a variety of development possibilities for a savvy investor or developer to create a bespoke community in this coveted locale. There is also a possibility of further development with the current ADU ruling regarding ADU separate partial splits. Situated adjacent to the iconic "Sinatra Estate", this property offers a unique marketing angle, with the potential to market it as an exclusive architectural enclave. With the right design package, this property could become a sought-after destination for those seeking a blend of luxury and privacy.
Listing Agent: Dana Olmes, Frontgate Real Estate
Active
$3,900,000
- 1beds
- 1baths
- 1,019sqft
- 416,432lot
- 21DOM
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MLS#: 24361761 | Data last updated at: 2024-03-28 22:33:35