00 Novato Blvd Novato, CA 94947
This exceptional 466-acre land portfolio presents a unique opportunity for residential development. Situated in Marin County, California, bordering Novato and adjacent to the established Toll Brothers' Novato Chase subdivision, this property offers 50 usable acres ideal for building. The flat, developable land is ready for construction, boasting convenient access to existing water and public utilities. The property's stunning hillside location provides a scenic backdrop for a high-end residential project. This large-scale development promises significant community impact and potential for long-term value. The existing ownership group has held the land for an extended period. The APN is 125-150-8,-9,-10,-18,-19,-20,-21,-23,-34,-36. The property is zoned Residential Acreage (RES ACG). Prospective buyers are advised to conduct thorough due diligence with the Marin County Planning Department to confirm development feasibility and obtain all necessary permits. The asking price for this remarkable opportunity is $24,950,000. The address is 00 Novato Blvd, Novato, CA 94947.
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
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No recorded transactions found for this property.
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Risks
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