Realtor® · DRE #02062282
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15195 Olive AVE

Morgan Hill, CA 95037
$1,867,700
2 Beds1 Baths700 Sq Ft
MLS #ML82055378
Overview

15195 Olive AVE Overview

Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.

Facts & Features

Property Details

Association0
School DistrictMorgan Hill Unified
Year Built1900
County Or ParishSanta Clara
MLS Area MajorMorgan Hill / Gilroy / San Martin
Parcel Number779-03-005
Property TypeResidential
ZoningA-20A
Garage Spaces3
Bathrooms Full1
Bedrooms Total2
CoolingOther
Fireplace0
Foundation DetailsCombination
HeatingOther
Living Area700
Parking FeaturesParking Area
Lot FeaturesGrade - Level
Lot Size SourceAssessor
Water SourceWell
ViewHills,Neighborhood
RoofElastomeric,Metal,Other
HorsePossible
Pool Private0
SewerExisting Septic
UtilitiesMaster Meter ,Natural Gas,Propane On Site,Public Utilities,Other