This prime waterfront parcel is the perfect prospect for an owner or investor. Currently there exists a rented duplex. The opportunity is to build a magnificent new dream home on the sand. After over 2 years of engineering, design and permitting process, the plans and permits are all approved through the California Coastal Commission and the City of Huntington Beach to build a 5,000 sq.ft. smart home right on the sand/ocean. Note: Zillow estimate is for non ocean front property. A developer or builder should be able to earn up to a 30% return on capital (depending on cost and sell price), plus profit over the 1-year build period. A home buyer, that hires their own builder, can save $600,000 to $1,400,000 by purchasing now for the land, approved plans and building permits.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
