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0 Sylvan RD, Monterey, California

$2,375,000Active

0 Sylvan RD, Monterey, California 93940
Frank Merrill~Frank Merrill, Broker - MLS® ID: ML81670173

Property Details

0 Sylvan RD, Monterey, California 93940 - Known locally as the Raiter Property, this rare land offering consists of a five-ninth (5/9th) interest in each of two adjoining parcels that together comprise 16.95 acres, all within the city limits of Monterey. Parcel 001-761-045 is 1.225 acres. Parcel 001-761-046 is 15.725 acres and has one recently drilled well. Both parcels front on Sylvan Rd. just SW of the junction of Iris Canyon Rd. & Barnett Segal Ln. in the prestigious Jacks Peak area, Approx. 650 Ft. from Del Monte Center. Topography is level to moderately sloping, culminating in a soft rise at the rear of the property. Zoned PC (Planned Community). The General Plan calls for "Very Low Density Residential" , i.e. fewer than 2 homes per acre. A conceptual rendering by RW&D Architects for 23 homes is attached (see photos) but no development plans have been approved. Only a 5/9 interest is being offered for sale at this time. However, the owners of the remaining 4/9 interest have indicated that they may be willing to sell.

Amenities

  • Zip93940
  • Countymonterey
  • StatusActive
  • Purchase TypeActive
  • Property typeVacant Land
  • Zoning typePC
  • Lot size16.95
  • SewerSewer Available
  • Office ID35577
  • Agent ID138855
  • Agent nameFrank Merrill
  • MLS® IDML81670173

Broker: Frank Merrill~Frank Merrill, Broker

Listing Courtesy of Frank Merrill~Frank Merrill, Broker

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