$6,500,000
$5M PRICE DROP

0 Upper Terrace Ave Half Moon Bay, CA 94019

Estimated payment $42,398/month

Total Views 37,994
8 Acres
$812,500 Price per Acre
348,480 Sq Ft Lot

About This Lot

Don't miss this rare opportunity to build 26 homes as apart of a new subdivision (Pacific Ridge} on approximately 115 acres in Half Moon Bay. Pacific Ridge has the perfect setting to create a very desirable housing development that has the best of both worlds. It overlooks beautiful open space yet it is walking distance to downtown Half Moon Bay. These lots are part of a Coastal Development Permit issued by the California Coastal Comm'n for a single family subdivision with 63 lots. Phase 2 has 26 finished lots ranging in size from approx. 10,500 to 16,700 sf. The total aggregate habitable space is approx. 118,300 sf for 26 homes. Sufficient water connections and benefit units for sewer treatment for 26 homes. All utilites are underground and installed at each lot.

Listing Agent

John Alexander

Coldwell Banker Realty License #00938234 Listed on: 03/13/2023

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 8 Acre Lot
  • Lot Sloped Down
  • Mostly Level

Utilities

  • Gas Available at Street

Community Details

Overview

  • Pacific Ridge H.M.B. Association

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: Single Family Residential
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: Vacant
  • Development Status: Final Map Approved, Finished Lot, Improvements Completed, Subdivision - Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Sewer Available

Condo/Co-op/Association

  • HOA Exist: Yes
  • H O A Name Text: Pacific Ridge H.M.B.

Schools

  • School District: Cabrillo Unified

Lot Info

  • Lot Description: Grade - Mostly Level, Grade - Side Slope, Grade - Sloped Down, Grade - Varies, Subdivided
  • Lot Acres: 8.0000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 348480.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 348480.00
  • Parcel Access: Bridge, City Street, Paved Road

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Price Changed $6,500,000 -19.8% --
05/05/2025 05/05/25 For Sale $8,100,000 0.0% --
02/04/2025 02/04/25 For Sale $8,100,000 0.0% --
02/01/2025 02/01/25 Off Market $8,100,000 -- --
11/05/2024 11/05/24 For Sale $8,100,000 0.0% --
11/01/2024 11/01/24 Off Market $8,100,000 -- --
06/18/2024 06/18/24 Off Market $8,100,000 -- --
05/28/2024 05/28/24 For Sale $8,100,000 0.0% --
03/04/2024 03/04/24 Pending -- -- --
01/26/2024 01/26/24 Price Changed $8,100,000 -14.7% --
08/14/2023 08/14/23 Price Changed $9,500,000 -1.0% --
08/14/2023 08/14/23 Price Changed $9,600,000 -14.1% --
03/13/2023 03/13/23 For Sale $11,180,000 -- --
Source: MLSListings

Source: MLSListings

MLS Number: ML81921421

MLSListings