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$8,200,000
Est. payment /mo
1.34 Acres Lot
UPDATED:
12/05/2024 02:20 AM
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81966525
HOA Y/N No
Lot Size 1.340 Acres
Property Description
Attn: Developers here's your chance for a lucrative infill opportunity in the City of Cupertino, California. Cupertino has an A+ rating for Best Places to Live Index, ranking #4 of 509 cities in the Safety Index and #6 to Raise a Family. This prime site is identified in the City of Cupertino's Housing Element for a streamlined planning and approval process. The site is situated on a generous 61,855 square-foot lot, the property has City Services at the street and can accommodate up to 13+ new dwellings based on zoning codes and according to the Cupertino Planning Department recommendations. On Tuesday, May 14 at 6:45 p.m, the Cupertino City Council will hold a public hearing on the Housing Element adoption. The Planning Comm'n conducted a public hearing at a special meeting on Monday, April 29, 2024, recommending by a 3-2 vote that the City Council adopt the Housing Element and the related associated amendments necessary for its adoption. In line with Cupertino's progressive vision, the city's planning department is in the process of rezoning the property to R3/TH zoning designation, paving the way for the development of the 13 units. This allocation allows developers streamlined processes and density bonuses and DOES NOT include BMR requirements.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R110
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
View Y/N No
Present Use Residential
Building
Lot Description Level
Schools
School District Other
Others
Tax ID 32620034
Special Listing Condition Standard
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Listed by Mark Miano • KW Bay Area Estates