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29763 Crown Valley Pkwy Central Park Dr & Parkside Dr E

Laguna Niguel, CA 92677

– beds
– baths
– sqft
~1 acre lot
– on site

PRIME 1-ACRE VACANT PARCEL ZONED FOR MULTI FAMILY RESIDENTIAL IN CITY OF LAGUNA NIGUEL. Parcel is on Crown Valley Parkway 4.5 miles from picturesque Salt Creek Beach Dana Point, at NW corner of Central Park Drive and Parkside Drive East. Housing built on parcel will have fabulous views overlooking Crown Valley Park, Amphitheater, Botanical Preserve, and Laguna Niguel Community Center. A feasibility study to build housing was done that shows great potential for developing up to nine (9) houses of sizes between 2,100 to 2,300 sq ft. Feasibility Report shows houses built on the parcel are estimated to be sold for $15 mil to $16 mil in today's market. Development cost is estimated to be $6 mil. So there is approx $9 mil to $10 mil gross profit left for buyer/developer. Instead of developing nine houses, buyer may build fewer but larger houses. Prospective buyers are encouraged to review the Feasibility Report attached here as Supplement. Great opportunity for investors and developers wanting to build and sell houses, or for someone wanting to build few large homes for themselves and their family members in a gated community setting. This is one of a kind parcel and would not last long.

Listed By CRMLS_CA / Zafar Mehdi / Gemstar Properties / ZMehdi1@gmail.com

Last checked: Checking… • Last updated Aug 22, 2024 •

MLS# OC24092236 —

This property is listed in more than one place. See it here.

The Building

New Construction:

No

Location

Directions:

From 5 Fwy, Exit Crown Valley Parkway going South, Parcel is 2.2 miles on Right at Central Park Dr
Latitude:

33.53182400
Longitude:

-117.70655100

The Property

Property Type:

Land
Zoning:

Residential Multi Family
Lot Features:

6-10 Units/Acre
Lot Size Area:

44603.0000
Lot Size Acres:

1.0239
Lot Size SqFt:

44603.00
Lot Size Source:

Assessor
View:

1
View:

Panoramic
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

12968
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

65408304

The Community

Subdivision:

Park Niguel (PN)
Subdivision:

Park Niguel (PN)
Senior Community:

No
Features:

Urban
Inclusions:

Feasibility Report to develop housing on the Parcel attached as Supplement
Association:

Yes
Distance To Water Comments:

50

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/21/24 Jun 21, 2024	Pending	CRMLS_CA	$3,200,000
5/25/24 May 25, 2024	Listed / Active	CRMLS_CA	$3,200,000

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This land located in Park Niguel, Laguna Niguel, CA 92677 is currently pending sale for $3,200,000. 29763 Crown Valley Pkwy Central Park Dr & Parkside Dr E is a – square foot land with – beds and – baths that has been on Estately for 174 days. 29763 Crown Valley Pkwy Central Park Dr & Parkside Dr E is in the Park Niguel neighborhood of Laguna Niguel and has a WalkScore® of 18, making it car-dependent. This land is in the attendance area of Aliso Niguel High School, Aliso Viejo Middle School, and Moulton Elementary School.

Listing Courtesy of: CRMLS_CA and Gemstar Properties. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.