As a real estate expert with extensive knowledge in the field, I am pleased to provide you with a comprehensive understanding of what is considered an estate lot.

An estate lot is a type of land parcel that is typically larger in size and offers a higher level of privacy and exclusivity compared to standard residential lots. These lots are often found in upscale neighborhoods and are designed to accommodate luxury homes or estates. The defining characteristics of an estate lot include:


1. Size: Estate lots are generally larger than the average residential lot. The size can range from half an acre to several acres, providing ample space for a large home, landscaping, and additional amenities such as pools, tennis courts, or guest houses.


2. Location: These lots are usually situated in prestigious areas with desirable features such as scenic views, proximity to golf courses, or other high-end amenities. The location often contributes to the overall appeal and value of the estate lot.


3. Privacy: One of the key aspects of an estate lot is the level of privacy it offers. This can be achieved through natural boundaries such as trees or hills, or through the design of the lot itself, which may include setbacks from the road and surrounding properties.


4. Development Restrictions: Estate lots may be subject to certain development restrictions or covenants that are designed to maintain the high standards of the community. These restrictions can include architectural guidelines, minimum square footage requirements for homes, and limitations on the number of homes that can be built on a lot.


5. Amenities: The property may come with a range of amenities that enhance the living experience, such as access to private parks, community centers, or exclusive recreational facilities.


6. Pricing: Due to their size, location, and the exclusivity they offer, estate lots are typically priced higher than standard residential lots. The sale price of homes on these lots can reflect the premium nature of the land.

In the context provided, the property in question consists of an approved tentative tract map of 21 estate-sized lots, each ranging from 1/2 acre to over 2 acres in size. Access to the property is facilitated through a neighboring development by Toll Brothers, a well-known developer in the luxury home market. The new home sales in this area are averaging around $1 million, indicating the high value of the lots due to their size and the quality of the homes being built on them. With the final map nearing completion and various reports and studies already completed, it suggests that the development is well-advanced and the estate lots are likely to be in high demand among buyers seeking a premium living experience.

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The property consists of an approved tentative tract map of 21 Estate sized lots (1/2 acre-2+ acre lots), and is accessed by the neighboring Toll Brothers development, with new home sales averaging $1 Million (11,000 sq ft lots). The Final Map is near completion, and many reports/studies have been finished.read more >>