Sylvan Rd, Monterey, CA 93940

$2,375,000
List Price
$2,375,000
MLS#
ML81670173
Status
ACTIVE
Zoning
PC
Lot Size
738,342
Neighborhood
Jacks Peak

Property Description

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.

Additional Information

Acres
16.95
Development Status
Unimproved Land
Existing Crops
None
Fence
Complete Perimeter, Fenced
Lot Description
Grade - Gently Sloped, Grade - Sloped Up, Grade - Varies
Lot Size
738,342
Neighborhood
Jacks Peak
Other Utilities
Available - Not On Site
Parcel Access
City Street, Paved Road
Present Use
None
Sewer
Sewer Available
View
Forest / Woods
Zoning
PC

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Listing courtesy of Frank Merrill from Frank Merrill, Broker

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