Exceptional opportunity to acquire one of Morgan Hill's premier future development opportunities. This +-12.5-acre parcel has been owned by the same family for multiple generations and offers an outstanding investment opportunity immediately adjacent to the Morgan Hill city limits. Currently located within unincorporated county, the City of Morgan Hill has… Read More designated the property Residential Detached Medium in its General Plan, allowing for a planned density of up to 7 dwelling units per acre upon potential future annexation to the city. While preserving its long-term development upside, the property also offers the opportunity to build a spectacular custom estate with the potential for a single-family residence, detached ADU, and attached Junior ADU, subject to Santa Clara County approval and applicable regulations. The land is currently leased to a local farmer, providing agricultural income while holding for future appreciation. For buyers seeking a larger land assemblage, the adjoining +-9.83-acre sister parcel is also available for purchase, creating a combined offering of approximately +-22.33 acres with significant long-term investment potential. Opportunities to acquire generational land holdings of this size and location are exceedingly rare. Read Less
Courtesy of South County Realty Mh, Matthew Telfer 408-691-1982
Listing Snapshot
Days Online
0
Last Updated
Property Type
Agriculture/Ranch Land
Lot Size
12.5 Acres
MLS Number
ML82055369
30 Days Snapshot Of 95037
$1.45M
-15%
(avg) sold price
35
-10%
homes sold
28
+55%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 544500.00, Max Area Units: Square Feet, 12.5 lot acres, Agricultural Use, Grade - Level, Other
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