List Price: $299K

Listing Status: Active

Original List Price: $330K

Days on Market: 142

0 Bedrooms · 0 Bathrooms

Property Type: Land

Lot Size: 10,741 sq ft

MLS Number: 41131575

About This Property

EXCEPTIONAL MONTCLAIR HILLS HOMESITE WITH APPROVED ARCHITECTURAL PLANS — SELLER FINANCING AVAILABLE A rare opportunity to build a distinctive luxury residence with substantial pre-development work already completed. This approximately 10,741 sq. ft. (.25-acre) sun-drenched Montclair Hills lot includes City of Oakland design-reviewed and approved architectural plans, soil reports, survey, structural engineering, and draft civil engineering—representing a significant head start in time, effort, and investment. Architectural renderings are included. Prefer your own vision? Build a custom design instead. DESIGNED FOR MODERN INDOOR-OUTDOOR LIVING The approved design takes full advantage of the hillside setting and incorporates features sought by today's luxury buyers, including a rooftop deck; private guest suite; family/entertainment room with kitchenette opening completely to the backyard; gym opening to the backyard; swimming pool; elevator; dedicated primary-bedroom floor with bonus room ideal for an office, nursery/toddler bedroom, or other flexible use. The cleared upslope lot sits between established homes, with utilities available at the street. Enjoy a private, tranquil setting surrounded by the natural beauty of the Oakland Hills, while remaining close to Montclair Village, Redwood Regional Park, Huckleberry Botanic Regional Preserve, Highway 13, Berkeley, San Francisco, and the greater Bay Area. COMPELLING BUILDER/DEVELOPER OPPORTUNITY Well-designed homes in the surrounding Montclair Hills market incorporating the type of modern indoor-outdoor living contemplated by these plans have demonstrated recent values above $2 million. At a land offering price of $299,000, the combination of a relatively low land basis, substantial architectural and engineering work already completed, and potential finished-home value may create an opportunity for significant built-in equity for the right builder. Rather than starting with raw land, a buyer can acquire the property together with considerable pre-development work already completed—potentially saving meaningful time and expense while retaining the flexibility to pursue the approved design or create their own. Seller financing may be available for qualified buyers on acceptable terms. Buyer to independently verify plans, approvals, reports, engineering, development costs, and potential finished-property value. Plans and reports may require updates.