$ 1,795,000
42096 Majestic Lane Shaver Lake, CA 93664
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$ 1,795,000
Est. payment | /mo
566 Sqft Lot
$ 1,795,000
Est. payment | /mo
566 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 596313
Lot Size 566 Sqft
Property Description
Tremendous Investment Opportunity. 18 lots for sale at Shaver Lake's Bretz Mountain, Majestic Summit Townhome Community. Perfect opportunity for a builder/developer to complete the project and prosper. These level lots have stunning views and are improved with utility stub-outs and paved road. Wells are already in place. Buyer to pay to build/complete a water treatment facility that will connect the wells into Fresno County water system. Fresno County has the engineered plan in for review now, we are hoping for approval soon. Estimated cost for development for the treatment plant is $1,000,000. Construction time is estimated at one to two years. Once completed, the plant will provide the 18 water units needed for this project and have an additional approximately 40 water units to sell at a value of approximately $15,000 to $20,000 each. Demand is high for water units in Shaver Lake. Buyer to verify sewer availability with Fresno County and all development details.The last completed townhome sold 3/23 for $828,000 and was 2267 sq ft, 4 bd., 2.5 baths with a 2-car garage. You only have to do the math to see the potential profit achievable with this project. Additional Information available upon request. Buyer to verify all.
Location
State CA
County Fresno
Area 664
Building
Sewer Public Water, Public Sewer
Water Public Water, Public Sewer
Schools
Elementary Schools Pine Ridge
Middle Schools Sierra
High Schools Sierra
School District Sierra
Others
Acceptable Financing Conventional, Cash, Owner Carry
Listing Terms Conventional, Cash, Owner Carry
Listed by Tamara Myers • Sierra Crest Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "