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11 E Laurel Drive — Salinas | Belmont Brokerage

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$1,998,000

327,136 sqft lot00|85 DOM

11 E Laurel Dr, Salinas, CA 93906

Property Description

Rare near-entitled infill development opportunity. The subject property consists of approximately 7.63 acres across two legal parcels, planned for a 37-lot single-family residential subdivision. The approved development program includes 37 detached homes, all 3-bedroom, 2-bath, with floor plans. ranging from, 1,150 to 1,350 square feet, w/ garages. The project is substantially through the entitlement process. An MND was completed, a full EIR was not required, and public hearings have been conducted. The final map has been approved and is ready to record, subject to posting of performance bonds. Plans are in final updates to current code standards. Proposed improvements include full horizontal development: grading, private roads, curb and gutter, sidewalks, underground utilities, storm drainage, and engineered retaining walls. The site benefits from strong frontage, good access, and an established surrounding residential neighborhood. Seller financing available, call for details.

Listing provided by: Nicholas TortorelliDRE #01925692831-324-3910 nick@montereybayhouses.com, NT Real Estate

MLS #: ML82032915