Here is a real estate development project on oceanfront land in Santa Barbara,California.This 264.49-acre parcel has been called several names: The Jewel of the West, ,The Jewel of The Pacific, and The Jewel of California, and has been ranked as one of the four most beautiful lands in the USA. The following brief financial study of the property, along with its pictures, would give the investor a clear idea about this golden opportunity.
Important: This Pacific Oceanfront piece of land was appraised in 2007 at $106 million, and the appraisal has been sent to you in a previous email. Size of the land: 264.49 acres Zoned for : 70 homes Location : Pacific Oceanfront In Santa Barbara, California Asking Price : $50 million Intro : It is known as one of the four most beautiful pieces of land In United States. Appraised At : $ 106 million Note: It is legally subdivided into six lots, yet physically it is one single lot. Although the requirement in that location is 30% of the size of this land can be a buildable area of 80 acres, the county compelled by the environmentalists to allow only 15%, which is 40 acres
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