22
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$1,867,700
Est. payment /mo
2 Beds
1 Bath
700 SqFt
New
15195 Olive AVE Morgan Hill, CA 95037
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Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $2,668
MLS Listing ID ML82055378
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1900
Lot Size 9.830 Acres
Property Sub-Type Farm
Property 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
State CA
County Santa Clara
Area 699 - Not Defined
Zoning A-20A
Interior
Fireplace No
Exterior
Garage Spaces 3.0
Carport Spaces 3
Garage Description 3.0
Utilities Available Natural Gas Available, Other
View Y/N Yes
View Hills, Neighborhood
Roof Type Elastomeric,Metal,Other
Total Parking Spaces 6
Building
Lot Description Level
Foundation Combination
Water Well
New Construction No
Schools
School District Other
Others
Tax ID 77903005
Special Listing Condition Standard
Listed by Matthew Telfer South County Realty Mh #01363041
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