Description

Dream site for new development, with unobstructed ocean views down Cherry Avenue directly in front of the parcel. Potential for a custom, ocean view, single family home or three ocean view condos. The underlying lot is 6,000 SF, zoned R-23 (15-23 du/ac), with an apparent development potential for a large single family home or up to 3 Condos (buyer to verify allowable use with City), similar to what was just done directly next door: three brand new, ocean view condos listed: $1.89m for 1,890 SF (rear unit), $2.19m for 2,035 SF (ground floor front unit, now listed as a pending sale), $2.29m for 2,089 SF (top front unit). This older 1,574 SF home is 3 bedrooms, 2 baths with a 2 car attached garage at the rear with a large back yard area and patio. The interior improvements are in average condition and could provide good interim income during the entitlement approval process. The home is currently rented month-to-month under market for $1,825/month. Snap up this unobstructed ocean view site, it won’t last long!