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    OFF-MARKET
    Commercial real estate

    2055 Summit Rd, Watsonville, CA 95076

    23.94 ac lot
    Property ID
    US09-0172353
    Property summary
    AI-generated overview

    This exceptional 23.94-acre property in Watsonville, CA (APN 106.101.01), offers breathtaking panoramic views of Monterey Bay. The land boasts numerous flat areas ideal for development, making it suitable for a variety of uses, including a family compound, retreat center, vineyard, or even a wedding venue. A pre-existing 1,200 sq ft, two-bedroom, one-bathroom accessory dwelling unit (ADU) provides immediate comfortable living while planning and constructing your dream home. Current plans include a 5,000 sq ft main residence with a detached three-car garage. The property is thoughtfully laid out to accommodate future expansion, with space even allocated for a helicopter pad. Infrastructure is already in place to support significant development, featuring a robust well supplying a 20,000-gallon water storage tank, a fully functional septic system with capacity for additional buildings, and a substantial solar power system (40 panels and 16,000kw batteries). This remote location, accessible via a dirt road from Highway 17 near Los Gatos or Highway 1 near Freedom, provides unparalleled privacy and tranquility. Owner financing is available. This unique opportunity combines stunning scenery, existing infrastructure, and ample space for your vision.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 23.94 ac (1,042,826 SF)
    APN 106.101.01
    UPID US09-0172353
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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