Ranch Summit, Encinitas, CA 92024

Property Description

DREAM HOME LOT! This listing is selling 9.87 acres mountain VIEW residential lot with creek behinde, near Olivenhein Ranch, an unincorporated area of the county of San Diego, on the border of Encinitas. Easy to find, the crossroads are Fortuna Ranch and Ranch Summit Drive, next to Rancho Michelle. All roads are paved. This lot has clear borders. In 2020, the famous builder "SHEA Homes" developed a new luxury community nearby (just next to this land), they were completely sold out within months. This is a fast-developing high-end area surrounded by luxury houses with approximate value between $7 million to 18 million. There are many large ranch homes around with private lakes and mini golf courts or horse barns. Water and utilities ready to be applied from the city; current zoning is R residential lot, it also could be subdivided into miltipel lots. This is great value in this fast value appreciating area. Price fits for owner/user or developer. The seller is in the process of land subdivision, your escrow could be closed at any moment.