California Development: Fully Entitled master-planned community located in Lucerne Valley, California. Includes 4250 mixed-density residential units planned from 3.2 to 7.4 units/acre with an average of 4.9; an integrated golf course, schools, and parks. Includes access to over 3200 water shares through an agreement with San Bernardino County, which is more than enough water for the development. Phase 1 is bonded and has over $20 million infrastructure already constructed.
Location: Lucerne Valley is situated in the unincorporated high desert of San Bernardino County approximately half way between Los Angeles and Las Vegas, approximately twenty minutes east of Highway 15, and near the communities of Victorville, Hesperia and Apple Valley. The San Bernardino Mountains sit just 6 miles directly to the south, with Big Bear Lake just an 18-mile drive from the project site.
Number of home sites: 4250+/- home sites and a 27 hole golf course (20 holes have been already been placed but not seeded)
Appraisal Value: All phases prior to entitlements $191M [Phase 1 (first 38% of project) $62.4M As Unentitled, Undeveloped (April 2007)]
Brief Description: This great Development has been split into two phases for initial planning, but the project can be divided into multiple phases by developer. All plans have been approved by the County and the project is ready to construct. Phase 1 of this project offers 525 acres that includes over 1,200 residential units, 30 acres of prime commercial frontage, the clubhouse facilities and first 20 holes of an integrated 27 hole championship golf course. Nearly $20,000,000 has been spent on Phase 1 horizontal with regard to the design, engineering, and construction. Installed infrastructure includes graded and compacted roads, curb & gutter in place, sewer and water lines, water wells and check stations, cart paths, fire plugs underground lines placed. There is a highly experienced Developer / Contractor that is ready to move forward on this project if so desired. Exit strategies could include building and selling homes as well as selling super pad sites to other builders.
We have comprehensive, detailed documents on this project. Interested parties please sign a ND/NC agreement. Once agreement is signed, you will be placed in direct contact with sellers.
The Real Deal:
Asking Price: $95,000,000 *Negotiable*
No comments:
Post a Comment