$ 2,700,000
11009 Summit Avenue #n/a Santee, CA 92071
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$ 2,700,000
Est. payment | /mo
2.32 Acres Lot
$ 2,700,000
Est. payment | /mo
2.32 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Pending
Purchase Type For Sale
Subdivision Santee
MLS Listing ID 230004626
HOA Y/N No
Lot Size 2.320 Acres
Acres 2.32
Lot Dimensions 619'x169'
Property Description
Up to 32 Unit Development Opportunity! 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Neighboring Parcel for sale to combine to 4.64 Acres and up to a 64 unit build. Parcel was recently approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning code, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55%, maximum height is 35 feet/three stories, and there is no minimum lot size. NEW CONSTRUCTION COMMUNITIES IN DEMAND! Property is located in close proximity to in demand housing development communities such as Mastercraft Residential's Walker Trails, Summit Santee's Noble Way, Pardee Homes' Castlerock, Kb Homes' River Village and townhome/condominium development communities such as Presidio Cornerstone's Laurel Heights, Pardee Homes' Weston, City Ventures' Caribbean Way, Kb Homes' Prospect Fields, and William Lyon Homes' Riverview, just to name a few. Recent New Construction Community Home sales boast a closing range between $905,500 and $1,300,000. Recent New Construction Townhome/ Condominium Communities boast a sales closing range between $738,000 and $964,000.00
PRICE & TERMS: All offers will be considered. Suggested due diligence period is 60 days. Offers contingent upon entitlement may be considered.
PRICE & TERMS: All offers will be considered. Suggested due diligence period is 60 days. Offers contingent upon entitlement may be considered.
Location
State CA
County San Diego
Community Santee
Area Santee (92071)
Zoning R-7
Exterior
Fence Full
View Mountains/Hills, Panoramic, Parklike
Building
Lot Description Public Street, Street Paved
Lot Size Range 2+ to 4 AC
Sewer Septic Installed
Water Meter on Property
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other/Remarks
Listing Terms Cash, Conventional, Other/Remarks
Listed by Pamela Macias • Radius Agent Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "