Property summary
This exceptional 129-acre property presents a rare opportunity in San Martin, California. Located at the end of Fitzgerald Avenue, with a secondary access off Turlock Road, this expansive land boasts a prime building site with approved grading for a 4,358 square-foot estate. Alternatively, a secondary building location on a knoll is also available. The property is uniquely situated bordering the prestigious Cordevalle Vineyard and Country Club, offering convenient access to its amenities via a short golf cart ride. A newly installed well, tested at 20 gallons per minute (GPM) with an estimated yield of 40 GPM, ensures ample water resources. Beyond residential development, the land's potential extends to viticulture, mirroring the adjacent vineyard. The property is zoned AW and features a gated entrance for enhanced privacy. Conveniently located near shopping and other amenities, it's also within easy reach of major transportation routes, including Highway 101, and is approximately 15 miles from Highway 85, 32 miles from San Jose Mineta International Airport, and 36 miles from Apple headquarters in Cupertino. The property's APN is 779-21-003. The asking price is $2,125,000, and the sale is structured to accommodate a 1031 exchange. A complete disclosure package is available.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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Zoning
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