Listing provided courtesy of of Frank Merrill, Broker. Last updated 2017-09-18 08:40:52.000000. Copyright 2017 MLSListings Inc. All rights reserved. This data is updated every 72 hours. Some properties appearing for sale on this website may subsequently have sold and may no longer be available.

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Asking Price: $1,770,000

0 Sylvan RD , MONTEREY CA 93940

Community: ​

Status: Active
  • 0 Sq Ft
  • bathrooms
  • bedrooms
  • MLS#: ML81670173
  • Type: Residential Development Land
  • Year Built:
Known locally as the Raiter Property, this rare land offering consists of a five-ninth (5/9th) interest in each of two adjoining parcels that together comprise 16.95 acres, all within the city limits of Monterey. Parcel 001-761-045 is 1.225 acres. Parcel 001-761-046 is 15.725 acres and has one recently drilled well. Both parcels front on Sylvan Rd. just SW of the junction of Iris Canyon Rd. & Barnett Segal Ln. in the prestigious Jacks Peak area, Approx. 650 Ft. from Del Monte Center. Topography is level to moderately sloping, culminating in a soft rise at the rear of the property. Zoned PC (Planned Community). The General Plan calls for "Very Low Density Residential" , i.e. fewer than 2 homes per acre. A conceptual rendering by RW&D Architects for 23 homes is attached (see photos) but no development plans have been approved. Only a 5/9 interest is being offered for sale at this time. However, the owners of the remaining 4/9 interest have indicated that they may be willing to sell.

Call or Email MC Dwyer now to inquire about this property

831-226-0100