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1435 Palm dr - Palm Ranch Estates 17 Acres of Agricultural Land Offered at $1,729,438 CAD in Exeter, CA 93221

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Executive Summary

Once-in-a-Lifetime Development Opportunity in Exeter! Approximately 17 acres ideally located just minutes from charming downtown Exeter and an even shorter distance to iconic Rocky Hill. Imagine crafting the next show-stopping subdivision right here.. where scenic views, small-town charm, and opportunity collide. Currently planted to primarily Cara Cara oranges with a few acres of newer Valencias grafted on top of Sanguinellis, this property features two sources of water and is perfectly positioned for both immediate agricultural income and future development. Whether you're seeking to park capital and offset some expenses through farming operations or move forward with engineering and entitlements alongside the city, there isn't a better parcel or opportunity on the market today.

Offering Memorandum

Property Facts

Price	$1,729,438 CAD	Property Subtype	Agricultural
Sale Type	Investment or Owner User	Proposed Use	Hold For Development Hold For Investment Single Family Development Agricultural
No. Lots	1	Total Lot Size	17.00 AC
Property Type	Land	Year Built	1987
Zoning	AE20 - Ag-Residential

Price	$1,729,438 CAD
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Agricultural
Proposed Use	Hold For Development Hold For Investment Single Family Development Agricultural
Total Lot Size	17.00 AC
Year Built	1987
Zoning	AE20 - Ag-Residential

1 Lot Available

Lot

Price	$1,729,438 CAD	Lot Size	17.00 AC
Price Per AC	$101,731.62 CAD

Price	$1,729,438 CAD
Price Per AC	$101,731.62 CAD
Lot Size	17.00 AC

Description

City of Exeter was consulted recently and expressed readiness for annexation along with openness to smaller lots and more doors than the conceptual map presented showing approx. 50 homes on 10,000+ sq. ft. luxury lots, although it ultimately is up to developer. The seller/farmer wishes to cutout & retain roughly 3 acres and the residence for personal use (he'd like to retie and live in it). If this is a make-or-break item, please note it in your offer and adjust price accordingly. Current farming operations include an Ag well plus Exeter Irrigation District water rights. The majority of the crop is Cara Cara oranges (planted 2008), with a few acres of Sanguinelli (2020) recently grafted to Valencias. Farmer says Valencias should start harvesting in 2 years.

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