INVESTORS ALERT! 2.61 acres of OCEANVIEW, subdividable, income streaming property! Unobstructed ocean and mountain view. Renovated in 2017. Amazing privacy on top of hill. 7 min drive to downtown; enjoy beach across the street, nearby golf course, park, school. In-law suit with own entrance. large sundeck; Current owner’s subdivision plan allows 6 single family homes:1 on acreage plus 5 more lots, each around 10,000sq ft, all facing immaculate views! R3 zoning allows …more units. Potential rezoning possibility for even more units/ townhomes according to OCP. Project feasibility analysis done by planning consultant agency. Existing house is a licensed BnB with $ 110+K annual revenue. No better investment property with million $$ VIEW, CASH FLOW AND DEVELOPMENT POTENTIAL!
Listed by Luxmore Realty.