Description

Approximately 76 acres +\- Raw land located in the Santa Cruz Mountains overlooking The Monterey Bay including Carmel, Big Sur, Monterey and Santa Cruz with breathtaking views! 12% plus pro forma cap rate up to 60k / mo potential rent as highest and best use for camping, agriculture and several roads and ponds for off-roading activities. Expand this private retreat with virtually unlimited income potential. This exclusive 80 acre +\- acre parcel offers 360-degree sweeping ocean and mountain views. The seller cut several roads and there are retreats and schools such as Mt. Madonna which are good examples of what can be built. The uppermost building site (separate from the other developed sites) could be expanded to 4 more sites or build your dream home/estate with approximately 40 acres available for a vineyard. Ideal southern exposure provides liberating independent living possibilities. This property offers significant possibilities for those seeking a secluded estate or private retreat in a spectacular setting. This property was previously owned by a US president and can be connected to power or off grid with photovoltaic, propane, and has a working well with several water tanks. This Special Use zoned parcel features Summit Rd. frontage and amazing 360-degree views of the Monterey Bay/South Bay. Oak, Madrone, Pine, and Manzanita grow on the hillsides and rock-outcroppings share the sun-drenched upper elevations. There are sweeping ocean and mountain views and neighboring homes across the ridge. Own your own mountain top today!