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Watsonville Rd

Morgan Hill CA 95037

544500 sq. ft.
Land
Currently for sale - view listing

Overview

Exceptional opportunity to acquire one of Morgan Hill's premier future development opportunities. This +-12.5-acre parcel has been owned by the same family for multiple generations and offers an outstanding investment opportunity immediately adjacent to the Morgan Hill city limits. Currently located within unincorporated county, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, allowing for a planned density of up to 7 dwelling units per acre upon potential future annexation to the city. While preserving its long-term development upside, the property also offers the opportunity to build a spectacular custom estate with the potential for a single-family residence, detached ADU, and attached Junior ADU, subject to Santa Clara County approval and applicable regulations. The land is currently leased to a local farmer, providing agricultural income while holding for future appreciation. For buyers seeking a larger land assemblage, the adjoining +-9.83-acre sister parcel is also available for purchase, creating a combined offering of approximately +-22.33 acres with significant long-term investment potential. Opportunities to acquire generational land holdings of this size and location are exceedingly rare.

Features

544500 sq. ft. lot size
Land

Property history for Watsonville Rd

2019
Sold
Undisclosed
27 Jun 2019 by Randy Basso, of Coldwell Banker Residential Brokerage - Morgan Hill
1998
Sold
$295,000
01 Dec 1998 by Rosemarie Martin, of Century 21 Contempo Realty

Happy sellers in Morgan Hill

90%
90% of sellers in Morgan Hill reported that their sale price either exceeded or met their price expectations.

Morgan Hill stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Morgan Hill over the last 12 months.

Local market activity for land plots in Morgan Hill

In the last 12 months, 17 land plots similar to Watsonville Rd, have been sold.

This represents a 21% decrease in land plots sales when compared to the previous 12 months.

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