Description:

Here is a real estate development project of an oceanfront land in Santa Barbara,California.This 264.49 acres has been called several names:, The Jewel of the West ,The Jewel of The Pacific, The Jewel of California and has been ranked as one of the 4 most beautiful lands in USA..The following brief financial study of the property along with its pictures would give the investor a clear idea about this golden opportunity.IMPORTANT: This Pacific Oceanfront piece of land was appraised in 2007 at $106 million and the appraisal has been sent to you in a previous email..Size of the land: 264.49 acresZoned for : 70 homesLocation : Pacific Oceanfront In Santa Barbara-CaliforniaAsking Price : $50MillionIntro : It is known as one of the 4 most beautiful pieces of land In United StateAppraised At : $ 106 millionNote: It is made up of legally subdivided 6 lots yet physically it is one single lot.Although the requirement in that location is 30% of the size of this land can be a buildable area being 80 acres yet the county compelled by the environmentalists to allow only 15 % being 40 acres