Supplements: 1.7-acre commercial lot is the only undeveloped lot in the New Town Square. Basically, 7.9 million retail (under the current market value for 6.5 million (difference of tax liability, seller can 1031 and avoid 1.4 mm in tax). Improved entitled, ready to build lots, all zoning in place, PLUS EXCLUSIVE BUILDER RIGHTS TO BUILD ALL 20 STRUCTURES (10 MILLION + IN BUILD REVENUE ALONE), plus EXCLUSIVE STR RENTAL RIGHTS /residual management fee income. Seller is a high-end custom home builder, broker, and developer, and can build out for you and manage rentals. Rental Comps: .5 mile away, Ambiente, La Auberge, and Enchantment resorts; first two with road noise below the highway, renting for 2200+ per night (for 550 s ft) with 75% occupancy. Sky Ridge will be quieter, with much better views and location, and much higher-end homes, 2500-4500 s ft 3/3 AND 5/6 BED BATH, fetching MUCH more. This is a one-of-a-kind project. Seller will begin construction in mid-2026 if it doesn't sell. The seller has many projects and is looking to consolidate and semi-retire. Several other large land listings of similar size in the area are for sale, but will take years to get approvals/permits/utilities, are raw, unimproved(took 10 years to get Sky Ridge done), and millions in improvements. Most recently sold lot comp lots in residence clubs); 1.)60 Indian head lane .54 acre lot 1/15/2024 sold for 1,250,000. 2.)170 HIDDEN MEADOW DR 7, 1.3-acre lot 3/26/2025 sold for 3,100,000 3.)75 PASEO DEL INEZ 7; 81-acre lot 1/13/2026 sold for 1,350,000.
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