42096 Majestic Lane is a $2,000,000 property on a 0.01 acre lot located in Shaver Lake, CA.
Tremendous Investment Opportunity. 18 lots for sale at Shaver Lake's Bretz Mountain, Majestic Summit Townhome Community. Perfect opportunity for a builder/developer to complete the project and prosper. These level lots have stunning views and are improved with utility stub-outs and paved road. Wells are already in place. Buyer to pay to build/complete a water treatment facility that will connect the wells into Fresno County water system. Fresno County has the engineered plan in for review now, we are hoping for approval within 6 weeks. Estimated cost for development for the treatment plant is $1,000,000. Construction time is estimated at one to two years. Once completed, the plant will provide the 18 water units needed for this project and have an additional approximately 40 water units to sell at a value of approximately $15,000 to $20,000 each. Demand is high for water units in Shaver Lake. Buyer to verify sewer availability with Fresno County and all development details.The last completed townhome sold 3/23 for $828,000 and was 2267 sq ft, 4 bd., 2.5 baths with a 2-car garage. You only have to do the math to see the potential profit achievable with this project. Additional Information available upon request. Buyer to verify all.
|Property Sub Type|
Single Family Residence
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