Description
BUY AND HOLD OPPORTUNITY: the land is NOT BUILDABLE per City restrictions due to land movement in the area.
Located in the private community of Portugese Bend, just several minutes drive to Terranea Resort and architectural wonder Wayfarer Chapel, is this vacant piece of land with amazing bluff and ocean views. This parcel is right next to property (1 Limetree Ln) that recently sold for $1.55 million. It is also two houses west of another property (26 Peppertree Dr) that sold for $1.3 million last year.
Possible current uses include a garden and a viewing deck towards the end of the lot (See photos for rendering). Imagine having your private oasis where you can just sit, relax, have coffee, and enjoy the views and nature... or meditate/do yoga.
No surveys have been done. Assessor data shows dimensions for this rectangular lot at 53 ft x 148 ft for a total area of 7,844 sqft.
Map
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