14501 Casa Club Dr Bakersfield, CA 93306
This exceptional 19-acre parcel in Bakersfield, California, presents a unique opportunity to develop a 185-lot residential subdivision. Located within a gated community and adjacent to a championship golf course, this R-2 zoned land offers a prime location for building affordable, detached single-family homes. The flat, 19-acre site boasts 46 lots directly on the golf course, providing exceptional views and desirability. Situated above the Bakersfield fog and smog line, the development enjoys a desirable climate. The property's location in Kern County, the county seat of Bakersfield, benefits from a diverse economy encompassing agriculture, oil, and government sectors. The approved plan for 185 lots makes this a turnkey project, ready for immediate development. The address is 14501 Casa Club Drive, Bakersfield, CA 93306. The asking price is $3,700,000. This is an exceptional opportunity to capitalize on the growing demand for affordable housing in a highly desirable location. The "affordable by design" concept ensures market viability and strong potential returns. The existing infrastructure within the gated community further enhances the appeal and reduces development costs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.