Investor’s Dream Opportunity! This expansive property consists of two legal parcels, one at appx. 29 acres and the other at appx. 11 acres for a total of approximately 40 acres, offering exceptional development potential. A previously approved but now expired tentative map proposed subdividing the land into eight 5-acre parcels, paving the way for future possibilities. Situated in an exclusive and highly desirable area near the prestigious Black Lake Golf Course, this location combines natural beauty with proximity to premier recreational amenities. Whether you're looking to revive the subdivision plan, develop the parcels and sell them individually, build custom estates, or hold as a long-term investment, this property offers flexibility and significant upside potential. Don’t miss this rare opportunity to capitalize on a unique development prospect in one of the region’s most sought-after enclaves. Give me a call for more information!
MLS #
CRNS25163846
MLS Source
California Regional MLS
Days on Site
27
Lot Description
Grade - Level
Utilities
Propane On Site, Propane
HOA Fee
$0
Zoning
D8, PRKG, LWS, LZ, LSR
0 Albert Way is in Arroyo Grande, CA 93420. This Land is currently priced at $2,850,000.
This address can also be written as 0 Albert Way, Arroyo Grande, CA 93420.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 15, 2025. For the most current information, please contact Elden Goldsmith, (805) 423-2567