NEW YORK – August 5th, 2019 – Four development-ready Northern California parcels—including a 198-acre parcel previously offered for $7 million—will auction this month via leading global firm Concierge Auctions. The coastal investment opportunities have previous prices, ranging from $2 million for a 14-acre subdivision with PDA with Geo-tech survey ready to submit plans, up to a $7 million opportunity on 198 acres with potential for use as a five-star hotel and PGA golf course site, with sweeping ocean views. All four parcels will auction Without Reserve to the highest bidders, regardless of price, in cooperation with Frank Aazami of Russ Lyon Sotheby’s International Realty and Donna Zorn of Ming Tree Real Estate. Bidding will open August 20th and close August 22nd, held via Concierge Auctions’ online marketplace, Concierge Auctions.com
Video Link: http://player.vimeo.com/video/342575488
“The auctions of these stunning coastal properties present rare opportunities for developers scouting the location of their next project,” said Aazami. “With landscapes pre-approved for many types of development, Concierge Auctions is presenting a lineup with limitless potential.” Previously offered for $7 million, the largest of the four offerings is Pelican Vista, a 198-acre parcel situated in Smith River, Del Norte County. The property offers stunning, uninterrupted ocean views of both the Oregon and California coastline, and could be turned into a luxury five-star resort, PGA golf course or therapeutic spiritual retreat. 158 acres is zoned TPZ for timber harvesting of the valuable Douglas Fir and Redwood timber on the property. The aged Red Woods are known to fetch anywhere from $10,000 up to $100,000 each. With 79 percent of the land in this area under protection, the property remains some of the last developable lands in the region. “The scarcity of such land creates an intrinsic value,” says Mr. Aazami. “We decided to sell at auction was the right choice in order to determine the price a developer group will pay for such an opportunity, backed by the enthusiasm of the elected supervisors.”
The Del Norte county land planning division, in support of the vision, has attended the land site referred to as Pelican Heights, a minor subdivision comprising of 34 acres with roads, PDAs, and Geo Tech, previously listed at $2 million. The county land planning division has solicited the submission of plans for the proposed vision suggesting an immediate pre-development consultation with the incoming developer. Supervisors have expressed their support of such a vision for the county. Discussion included a 27-acre plot proposed as an active retirement community to accommodate the millions of active tourists who visit the area known for its renowned Redwood State Park and pristine Smith River.
Video Link: http://player.vimeo.com/video/342870022
VISION at 200 A Street is unique to the other properties. “Most of the work is already done for this opportunity zone project, even the Cads already exist. This project has already been through all local hearings and is approved by the California coastal commission and city. Under the circumstances, the owners were able to pull a permit to start phase one and a construction fence is up and ready to go,” says Aazami. Currently, an old commercial building sits on the 1.24-acre site. The condos are in a commercial and residential zone and can be income-producing as hotel, timeshare, Airbnb, or residential. The city has recently announced a $14 million enhancement of the immediate area surrounding the condos, seen in the local press as the front street project.
The fourth opportunity is a 14-acre subdivision. Previously offered for $2 million, known as Coastal Heights, the subdivision showcases mountain views, robust redwoods, and beach proximity, including seven 2-acre lot parcels prepared for residential construction.
Company Name: LION AND ORB
Contact Person: Audie Chamberlain
Email: Send Email
Country: United States