15195 Olive Avenue, Morgan Hill, CA 95037
List Price: $1.87M
Listing Status: Active
0Days on Market: 0
2 Bedrooms · 1 Bathroom · 700 sq ft
Property Type: Residential
Year Built: 1900
Lot Size: 428,195 sq ft
Garage Spaces: 3
MLS Number: ML82055378
About This Property
Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.
Listing provided by: Matthew Telfer DRE #01363041 408-779-3146 matt@scountyrealty.com, South County Realty Mh
Source: CRMLS, MLS #: ML82055378