Property profile

2320 Newell Dr Aptos, CA 95003

OFF-MARKET
Land
Property ID
US09-4259985
58.4 ac lot
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Property summary

AI-generated overview

This exceptional 58.4-acre property in Aptos, CA (APN 105-321-08), presents a unique opportunity for development. Nestled in a redwood forest with breathtaking valley and mountain views, the land features a cleared, level building pad ready for construction. An active building permit is in place for a 5,300-square-foot residence, with design flexibility and provisions for an accessory dwelling unit (ADU). Conveniently located an 8-minute drive from Aptos Village via paved roads, the property boasts a newly constructed, geogrid-reinforced driveway. Existing infrastructure includes a utility building with 400-amp electric service, generator and battery backup space, a septic/leach field system, ample water service and storage tanks from a community well, and a comprehensive drainage system. Solar panel posts are also installed. Aesthetic concrete retaining walls enhance the private driveway. Two accessible road trails offer additional development potential, including a second emergency exit and a flat area suitable for equipment storage. The property is zoned TP. Asking price: $3,500,000.

Property profile

Verified
Property type Land
Lot 58.4 ac (2,543,904 SF)
UPID US09-4259985

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2320 Newell Dr Aptos, CA 95003
Aptos metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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