Catylist Listing ID: 29803098
Property Subtypes: Residential (Single Family)
Gross Land Area: 155.99 Acres
Sale Price: $2,495,808
Unit Price: $15,999 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2018

Overview / Comments

The Villages at Las Trampas are currently zoned for 2-1/2 acre lots. The Seller proposes the density remain the same, but with the residences being built in a small village settings of 13 to 17 lots. The remaining acreage will be deed restricted as permanent open space.

This is an opportunity to provide a unique housing community at a reasonable price which will appeal to both local and second homeowners.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Submarket/Township: Santa Fe
Taxing Authority: Santa Fe County
Tax ID/APN: 54044032 / 990000381 / 990000382
Market Type: Medium
Property Located Between: Just northeast of the South Meadows intersection along the north frontage road of Highway 599.
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Legal Description: The Estate of Richard M. Hager Section 30 Lot 6 43.25 Acres / Section 30 Lot 6 43.25 Acres / Section 31 Tract A-1 69.49 Acres
Largest Nearby Street: Highway 599
Transportation: Highway
Highway Access: Off north side frontage road along Highway 599 east of South Meadows intersection.
Airports: Near the Santa Fe Airport
Site Description: The site has a gently sloping terrain with the Las Trampas arroyo running through the parcels.
Area Description: The parcels are in the county and are surrounded by individual residents on large (2-1/2 acres and larger) lots.
Zoning Description: The property is zoned for 2-1/2 acre residential lots, but it is proposed that when the lot layout is prepared that the buyer would create a building site with 1/2 +/-acre lots and a small common area and deed restrict the remaining land as open space.
Development Name: The Villages at Las Trampas
Topography: Rolling
Easements: Utilities
Easements Description: There are gas and electric easements on the parcels. The villages as created should not be impacted by these easements.
Soil Type: Other
Available Utilities: Electric, Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,945 41,164 74,381
Median Age: 52.71 36.25 39.13
Households: 903 15,987 31,599


Photograph of Listing Agent

Richard T Bressan

Land Advisors Organization CARNM CIE Member
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