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    3981 Panther Ln Diamond Springs, CA 95619

    Sponsored
    For Sale
    $1,699,000

    94,525 SF Residential Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 94,525 square foot parcel in Diamond Springs, California, presents a unique opportunity for multi-family development. Located at 3981 Panther Ln, 95619, El Dorado County, this property is zoned for Multi-Family - Planned Development (PD). While a prior use permit for a 50-unit senior residential care facility has expired, complete plans are available for review and updating to current California Building Codes (CBC). Significant groundwork has already been completed, including grading and utility installation, along with securing Fire Department approval. This significantly reduces the time and cost associated with initial site preparation. The property's size and zoning make it ideal for a variety of multi-family projects, offering a compelling investment prospect for developers seeking a streamlined path to construction. Buyers should be aware that the existing plans require updating to meet current building codes and the expired use permit needs resubmission. The asking price for this prime development land is $1,699,000. This represents a substantial cost savings compared to starting from scratch on a similar project. The property's location in Diamond Springs offers access to local amenities and a desirable residential market. This is a rare opportunity to acquire a largely prepared site ready for a new multi-family development.

    Property Features for 3981 Panther Ln

    General Information

    Property type
    Land

    HighLights

    • $1,699,000 asking price.
    • 94,525 square foot lot.
    • Multi‑family residential zoning (PD).
    • Located at 3981 Panther Ln, Diamond Springs, CA 95619.
    • Existing grading and utilities; Fire Department approval obtained.
    • Prior approved plans for a 50‑unit senior residential care facility (requires updating).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Diamond Springs
    County
    El Dorado
    State
    California
    Longitude
    -120.816383
    Latitude
    38.690895

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    FAQs

    What type of property is this?
    Land - 94,525 SF Residential Development Site
    Where is this land located?
    The property is located at 3981 Panther Ln Diamond Springs, CA.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: $1,699,000 asking price.; 94,525 square foot lot.; Multi-family residential zoning (PD).
    Request Owner's contact information
    3981 Panther Ln Diamond Springs, CA 95619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3981 Panther Ln Diamond Springs, CA 95619
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