Biggest remaining tract of undeveloped residential land in San Carlos to go on market

Feb 15, 2016, 11:06 ET from Coldwell Banker San Carlos

SAN CARLOS, Calif., Feb. 15, 2016 /PRNewswire/ -- Black Mountain Estate, the undeveloped 10-acre property that was the subject of a City of San Carlos bond referendum last November, is about to go back on the market, with an asking price of $19.8 million.

The property, along with two other adjacent tracts, was the subject of last November's Measure V bond referendum, which sought to authorize the city to buy the land and borrow money to turn it into a park. That measure failed, putting the matter back into the hands of the private sector.

"It's not surprising that this property – the largest undeveloped piece of residential land in San Carlos – would be of interest to the community, and in preparing to market it, we commissioned a plan that would turn it into a gorgeous community with approximately 24 homes," said David Young, listing agent for Coldwell Banker San Carlos.

"The concept being offered is one option, but the buyer may have other ideas. It could conceivably be used for more homes or fewer, or even for one very private estate. Developers and potential buyers will want to note that this is a piece of land so beautiful, so well located, that many local citizens were hoping to make it a park. Very few properties are special enough to mobilize that kind of interest," he said.

The listing for the property, located at 806 Alameda, San Carlos, will become active on Thursday, Feb. 18. Prospective buyers may visit or call 650-315-8989 for details.

Young, with Coldwell Banker San Carlos, was selected for the 2015 Best Businesses of San Carlos Award (real estate category) for 2014 and 2015. Each year, the award program identifies companies that have achieved exceptional marketing success in their local community and business category.

For more information:
Carl Carter, 205-823-3273

SOURCE Coldwell Banker San Carlos