6750 Crowley Lake Dr Mammoth Lakes, CA 93546
This exceptional 36-acre parcel presents a unique investment opportunity near Mammoth Lakes, California. Located at 6750 Crowley Lake Dr, Toms Place, CA 93546 (APN 062-040-010-000), this property boasts a Mixed Designation (MD) zoning, allowing for diverse development possibilities. Envision a single luxury estate, a subdivision of approximately 13 lots, a condominium project, or even a mobile home park – all subject to Mono County approvals. The land offers unparalleled privacy, shielded by rising terrain on three sides. Its adjacency to the Aspen Springs equestrian estates adds to its desirability. The site of the former "Fobes 40" motel, the land features a small spring area with wetlands designation. Enjoy fabulous solar exposure and breathtaking views of the Sierra Nevada mountains, Crowley Lake, the Glass Mountains, and Little Round Valley Meadow. Situated outside the resort area's heavy snow zone, this location provides year-round accessibility. The property is identified in the 2017 Mono County Housing Element as a potential site for workforce housing. Available environmental reports include Phase 1 and Wetlands studies. The asking price is $4,250,000, with owner financing options available to qualified buyers (25% down, terms negotiable). All information is deemed reliable but should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.