1735 Rancho Summit Dr, Encinitas, CA 92024

Property Description

DREAM HOME LOT! Approximately 50% lower than market price compared to the sold adjacent same size lot. This listing is selling 9.87 acres R4 residential lot with hills view, nice creek behind the lot. It located at Olivenhein Ranch, an unincorporated area of the county of San Diego, on the border of Encinitas. All roads Nearby have been paved, Easy to find, the lot has clear boarders, the crossroads are Fortuna Ranch and Ranch Summit Drive, Adjacent to Rancho Michelle Dr. where the exact same size 9.9 acres lot has been subdivided into 4 lots and sold for $2.2 million Approximately per 2 acres lot. In 2020, the famous builder "SHEA Homes" developed a new luxury community nearby (cross the street), The community was so popular and has been completely sold out within months. This is a fast-developing high-end area surrounded by luxury Residence or ranch homes, some of then have helicopter pads, private lakes, mini golf courts or horse barns. Water and utilities ready to be applied from the city; current zoning is R4 residential lot.. This is great value in this fast value appreciating area. Price fits for owner/user or developer. Some county documents shown the address was 1735 Ranchi Summit Dr., Ecinitas; The title report also shown the address is: 0 Fortuna Ranch Rd, Encinitas, CA 92024 Seller originally was selling 4.9 acres land at the listing price of $1.99 million. The 4.9 acrees was subdevided from the full 9.87 acres lot. The 4.9 acres land was $1.99 Million; the whole 9.87 acres land at Price of $3.99 Million.