1st St

Rainbow CA 92028

3.13 ac.

Land

Currently for sale - view listing

Overview

This lot is part of a multiple lot purchase of 4 separate parcels. See mls NDP2112893, Seller is also willing to negotiate a 1 or 2 lot purchase of any of the four WITH certain conditions. This stunning panoramic view property is composed of four separate parcels of 3.13, 2.53, 2.42 and 2.31 ac. for a total of 10.39 ac.Huge Price Reduction for the one of a kind, “Estates at Melanie Lane.” This is your opportunity to acquire one of the most unique multiple family compounds in SD County. All 4 lots have incredible views and are well positioned at the top of Monserate Hill to enjoy the north, south, east and west views. The properties are in the highly rated Bonsall School District and the new Palomar College is within minutes. The developer has fenced the perimeter of the entire 10.39 acres with a 5-foot peeler log fence and black chain link on the outside. The entrance is set up for security gate and the easement outside the fencing fully landscaped. The property has well potential as adjacent property drilled in 2021 and is currently at 200 gallons/minute.The property is perfect for 4 families, plus the possibility exists for additional dwelling units on each parcel. With additional San Diego Health Dept. approval, you could possibly have up to eight full houses with kitchens. At buyer's expense, the developer will install the street, or the buyer may install the street with their builder while designing their house plans. Upon mutual agreement of terms, the developer would be willing to sell 1 or 2 of the lots and share 50/50 on the costs of improvements for the street and entrance.(must close two lots concurrently).