1 Augusta Circle
Apple Valley, CA, 92308 $ 3,500,000
Baths0.0 Monthly Estimate*
$ 23,262
Studio
for $3,500,000. The lot size is 14.
Positioned at the heart of Apple Valley's vibrant community, the 14-acre development opportunity at One Augusta Circle is a gem awaiting visionary developers and investors. This commercial parcel, offering 127 lots, is a canvas for creativity in a region marked by rapid population growth and a burgeoning interest from national builders. Apple Valley, celebrated for its expanding presence in the High Desert, combines natural beauty with strategic location advantages. This property boasts easy freeway access, placing it within walking distance to a variety of essential amenities and leisure options including Target, movie theaters, Best Buy, Home Depot, restaurants, and more. It's adjacent to a serene lake and close to a golf course, nestled in the bustling town center of Apple Valley, which is known for its welcoming community. A pivotal feature of this opportunity is its proximity to the planned Brightline West high-speed train project, promising to connect Apple Valley with Las Vegas. This initiative, expected to be completed before the Olympics, positions Apple Valley as an essential hub in the fast, efficient travel corridor between these two destinations, enhancing the property's value and appeal. The current exploration of strategic partnerships or outright sale is fueled by the desire to capitalize on this unique property's potential. Engagements with various stakeholders have outlined clear paths for potential land uses, particularly focusing on the development of an RV park or compact, efficient casitas, each offering substantial profit opportunities: • RV Park: Investment in infrastructure for the RV park is projected to cost incrementally, allowing for phased development. Each lot could yield a profit margin of $40,000 to $60,000, making it a highly lucrative project with an estimated total sales potential of $15 million and a net profit of approximately $7 million based on phased investments and sales. • Casitas: The development of small homes (600 to 900 sq. ft.) on this land could command significant market interest, with a construction strategy that emphasizes phased development to manage costs effectively. The potential for sales in the casita project is estimated to reach up to $40 million, with profits potentially soaring to $20 million, offering an enticing avenue for investors looking for substantial returns.
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FeaturesGeneralZoning PRD
HOA 0.0
View Mountains
Community Features Lake Park
County San Bernardino
New Construction N
Property Type Land
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Apple Valley
City Apple Valley
View Y/N Y
Senior Community Y/N N
MLS Area APPV - Apple Valley
Lot Size Units SquareFeet
Lot Size Square Feet 609840.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Augusta
Listing Terms CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 18
Standard Status Active
Tax Lot 114
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ExteriorLot Features Item1115UnitsAcre CornersMarked StreetLevel
Water Source Public
Lot Size Area 609840.0
Spa N
Lot Size Acres 14.0
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Circle
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $23,262
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Apple Valley, CA
Average List Price $328,463
Percent of Sale Price 91%
About Apple Valley, CA 73,363 Population
35% Since 2002
$ 48,599 Median Income
37.92 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/9/2024 | $3,500,000 | | Listed Price |