Description

Once-in-a-lifetime opportunity: a 10-plus-acre residential lot located at the end of a cul-de-sac in prestigious Calero Lake Estates, offering panoramic views of Calero Lake listed for sale for only $350,000. Lago Vista Court has four lots; three feature existing custom-built single-family homes ranging from approx. 8,000 to 12,000 square feet, with online value estimates ranging from about $6.3 million to $8.5 million. This estate lot sits near the top of a hill in the Santa Teresa Hills above Calero Lake and Almaden Valley, approx. 1.3 miles by road from McKean Road. Fire hydrants, water, and underground electricity are available on the road; sewer service is by septic system. The subdivision is bordered on three sides by parkland, including Calero County Park and Calero Lake, Santa Teresa County Park, and Coyote Valley Open Space Preserve. The property is approx. 2 miles by road to the Calero Lake boat launch and approx. 5 miles to Highway 101 at Bailey Road. Although a private road “No Trespassing” sign is posted at the Lago Vista Court entrance, the subject lot has legal access from Lago Vista Court, as documented in the preliminary title report and easement map included with the property disclosures. The information above is drawn from brokers’ general knowledge, due diligence research, and online sources. It is believed to be generally accurate but is not guaranteed. Buyers and their agents must independently verify all information and conduct their own due diligence regarding the property.