2450 Golden Hill Road

Paso Robles, CA 93446

$2,300,000

List Price

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Property Description

PASO ROBLES LAND DEVELOPMENT OPPORTUNITY! This well located 11.8 acre parcel awaits your imagination & future development. Currently zoned R3-PD (with a senior housing overlay). The site was previously approved for a 125 unit senior development (those entitlements expired in 2018), although the City of Paso Robles would certainly reconsider a similar senior project. But this site has many other possibilities, as the City has indicated that they would consider re-zoning proposals to either a lower density residential zoning or even increased density zoning depending on the use proposed. And per a city planner, removing the senior housing overlay is also a possibility, depending on the elements of a proposed new project. Gentle, rolling topography and limited traffic impact off Golden Hill Road provide a peaceful setting, which is further enhanced by the adjacent and picturesque Chandler Ranch. Quality homes are located on either side of the land, and the site is easily accessed from both Hwy 46E and the vibrant downtown Paso Robles... yet it maintains a distinctly rural feel. Consider a 55+ residential development, yielding homes priced between the Sierra Bonita/Turtle Creek developments and much more expensive Traditions, Vintage and new Trilogy project (currently under construction). A few conceptuals will follow next week to illustrate just a few of these ideas. As an added bonus, there is an existing 3 bedroom 2 bath 1,400SF home that is currently rented and will provide some permit credits and rental income until your new project breaks ground.

Listing Information

List Price $2,300,000
Status Active
MLS NS25035622
HOA $0
Type Land
Lot Size 517,493
Structure Size N/A
Courtesy Of RE/MAX Success
Listing Agent Scott Ehrke DRE#01012637

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Exterior Information

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Views Panoramic, Pasture

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Listing information courtesy of: Scott Ehrke, RE/MAX Success 805-238-1555. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 22nd, 2025 at 12:42 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.