2320 Newell Dr Aptos, CA 95003
This exceptional 58.4-acre property in Aptos, CA (APN 105-321-08), presents a unique opportunity for development. Nestled in a redwood forest with breathtaking valley and mountain views, the land features a cleared, level building pad ready for construction. An active building permit is in place for a 5,300-square-foot residence, with design flexibility and provisions for an accessory dwelling unit (ADU). Conveniently located an 8-minute drive from Aptos Village via paved roads, the property boasts a newly constructed, geogrid-reinforced driveway. Existing infrastructure includes a utility building with 400-amp electric service, generator and battery backup space, a septic/leach field system, ample water service and storage tanks from a community well, and a comprehensive drainage system. Solar panel posts are also installed. Aesthetic concrete retaining walls enhance the private driveway. Two accessible road trails offer additional development potential, including a second emergency exit and a flat area suitable for equipment storage. The property is zoned TP. Asking price: $3,500,000.
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.