Listing Agent: Matthew Telfer      Broker/Office: South County Realty Mh
15195 Olive Avenue Morgan Hill CA 95037
$ 1,867,700
  2   |    1   |    700 Sq Feet

Listing ID

#ML82055378

Status

Active

Property Type

Farm

County

Santa Clara

Year Built

1900

Lot Size

9

Days on website

2

Description
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.
Location
Financial Information
List Price:  $ 1867700
Property Features
Foundation Details:  Combination
High School District:  Other
Lot Features:  Level
Roof:  Elastomeric, Metal, Other
Utilities:  Other
View:  Hills, Neighborhood
Water Source:  Well
High School District:  Other
MLS Area Major:  699 - Not Defined
City:  Morgan Hill
Listed By:   Matthew Telfer   South County Realty Mh 
CA Lic#