Marcus & Millichap is pleased to offer for sale the extraordinary custom home development site located in the affluent coastal Southern California city of Laguna Niguel. Located at the intersection of Crown Valley Parkway and Pacific Island Drive, the subject property consists of four contiguous parcels of land. The development site boasts ±60.9 acres in total with approximately 5.98 of those acres located in two buildable pads on the central ridgeline. This site is currently zoned for the development of a huge 20,000 SF residential estate on the ±4.75 lower pad along with a 5,000 SF house on the ±1.23 acre upper pad. Both of the two buildable pads have expansive views of the Pacific Ocean overlooking the Ritz-Carlton Resort and Dana Point. One major benefit of this site is the net buildable acreage of each of the building pads – they are both large enough to allow a developer the ability to add additional amenities to the property such as swimming pools, a tennis court, additional outbuildings or an oversized lawn/garden and will give a new owner a unique estate property with an amazing level of privacy and virtually no immediate neighbors. This site is located on the second ridgeline inland from the coast. Site topology is generally steep with a central descending ridgeline that extends from north to south. The two building pads are located in the central portion of the property and portions of the upper ridgeline have been graded. The coastal zone boundary bisects this property leaving approximately half of this site in coastal zone. With 5.98 total acres in the two buildable pads and a list price of $6,000,000, a developer will be able to purchase the parcel of A+ prime coastal Laguna Niguel real estate for right around $1,000,000 per net buildable acre. Prime coastal development real estate in south Orange County is so difficult to find and in such high demand that it is easy to see that an offering of this size and this quality provides for an amazingly unique development opportunity virtually unmatched in the market today.