Residential Land for Sale in Lancaster, California

Development site in a million-dollar neighborhood. Seller will consider seller financing with 50% down! Located within Lancaster's ''semi-rural'' luxury corridor, this flat 4.69 acre land parcel has frontage on 30th Street West and is surrounded on 3 sides by the ''Premier Collection'' community. This is a highly desirable neighborhood of sprawling semi-custom single-story homes and impressive 2-story homes, most of which are over 4,000 sqft. Homes in this neighborhood are frequently selling for over $1,000,000. The subject property is a true ''in-fill'' lot, as it is the missing piece that would complete the Premier Collection. West Avenue M-6 is a stub street that terminates at the west side of the property, and it could be easily extended through this property to create a tract. Homes could then be built on each side of the street. The property owner previously obtained a tract map (TTM 66793), now expired, yielding 8 half-acre lots. A developer could therefore purchase this property, re-apply for the tract map, and build 8 estate homes that could sell for well in excess of $1,000,000 each. There is currently strong demand for luxury new homes in the Antelope Valley. Another option is for a developer to utilize the new ADU laws and build 16 ''build to rent'' homes on the 8 lots, which would be in very high demand due to the location. The seller also previously obtained a water letter, grading report, and environmental report. Water, sewer, gas, and electricity connections are all present. A water meter box appears to be present alongside 30th St. Paraclete High School, a well-regarded private school, is right down the street. Additionally, this property may also be well-suited to someone looking for an oversized lot to build a sprawling custom estate with ample room for a tennis court, horse facilities, guest houses, etc. This is truly a rare find; an in-fill land parcel nestled within one of the Antelope Valley's most desirable residential areas.