15195 Olive AVE, Morgan Hill, CA 95037
- $1,867,700
- 2
- BD
- 1
- BA
- 700
- SqFt
Listed by Matthew Telfer, 408-691-1982 from South County Realty Mh
(If provided) CoList: from
- List Price
- $1,867,700
- MLS#
- ML82055378
- Status
- ACTIVE
- Property Type
- Single Family Residential
- Class
- Farm / Ranch
- Bedrooms
- 2
- Total Bathrooms
- 1
- Full Bathrooms
- 1
- City
- Morgan Hill
- Lot Size
- 428,195
- Zip
- 95037
- Sqft. of Residence
- 700
- Listing Area
- Morgan Hill / Gilroy / San Martin
- Neighborhood
- Other
- Year
- 1900
Property Description
Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.
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Additional Information
- Cooling System
- Other
- Family Room
- No Family Room
- Foundation
- Combination
- Garage Parking
- Parking Area
- Garage Spaces
- 3
- Carport
- 3
- Heating System
- Other
- Living Area
- 700
- Lot Description
- Grade - Level
- Lot Size
- 428,195
- Neighborhood
- Morgan Hill / Gilroy / San Martin
- Other Utilities
- Master Meter, Natural Gas, Propane On Site, Public Utilities, Other
- Roof
- Elastomeric, Metal, Other
- Sewer
- Existing Septic
- Unincorporated Yn
- Yes
- View
- Hills, Neighborhood
- Water
- Well
- Zoning
- A-20A
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