Development Potential And Compound Opportunity

1681 Colina Court, San Luis Obispo, CA, 93422, USA
USD|2676000USD $2,676,000
MLS SP19226564
Web code PRSA
Status Closed

Listed By

Key Details

2486 ft2
Total Beds
Full Baths
Year Built
Lot Size (Acres / ft2)


This highly sought-after location with great proximity to the city and shopping with panoramic city views from each of the properties. Three parcels for sale ranging in size from 1.04 to 5.13+/- acres with total acreage about 8.57, are being sold together. The address and parcel #s are 1669 (004-751-004), 1681 (004-751-005), and 1691(004-751-010) Colina Court. 1691+ 1681 each have a home on it and share a common wall that is believed to be the property line between the two parcels. Two parcels are improved with residential residents and various outbuildings (garages, shop, and RV storage building). The third parcel...

is unimproved except for an in-ground water storage tank and perimeter fencing. These parcels are on the hillside located on the eastern fringe of the City of SLO. There is a private water supply with one known spring located off-site that provides water to a 6,000-gal water storage tank located off-site and to a 12,000-gal, in ground tank located on 1669 Colina. The spring currently provides all of the water needs for 1691 and 1681. However, the property is in the city and has a water line to the property along with sewer at the top of the Colina Court cul de sac. These parcels are being sold as “Land Value Only”. Additional access has been obtained for possible additional density. For developer or a buyer for their own compound. Buyer is advised to meet with the city for information regarding property use, density, and access.

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