841 Saint Paul Dr
San Marcos, CA 92069
- – beds
- – baths
- – sqft
- ~1 acre lot
- – on site
4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)
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Last updated Apr 17, 2024
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MLS# 240002420SD —
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Bike Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/1/24
Feb 1, 2024
|
Listed / Active | CRMLS_CA | $1,400,000 | 211.1% (23.8% / YR) |
|
9/2/22
Sep 2, 2022
|
Price Changed | CRMLS_CA | ||
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6/7/22
Jun 7, 2022
|
Listed / Active | CRMLS_CA |