Milpitas CA Real Estate & Land for Sale

Welcome to 1339 Terra Vista Court, Milpitas! Build your dream estate on this amazing 1.39 acre parcel with 360-degree views. The spectacular and unobstructed views include the city lights of Milpitas, Fremont, and San Jose, plus the San Francisco Bay, Santa Cruz Mountains, and even San Francisco on a clear day! Up close are the greens of the Bay View Golf Club and the natural beauty of the East Bay hills. This parcel shares in exclusive use fifteen acres of open space. This property is a 3 minute drive to Interstate 680, granting quick access to Silicon Valley, San Jose Airport, shops, restaurants, and much more! Bay View Golf Club and Restaurant Summitpointe Golf are less than a minute away- perfect for any golfing enthusiast. Water system, electricity, fire hydrants, and sewer system are in place (available at the street). This parcel is zoned for residential, and a driveway plan up the slope from the cul de sac has already been approved by Milpitas Fire Dept. City of Milpitas residential hillside ordinances apply (R1-H zoning).

Introducing a remarkable opportunity to acquire a prime piece of real estate in the thriving city of Milpitas, CA. This expansive property boasts 1.12 acres of land and features a spacious 7,160 square foot building, providing endless possibilities for its future owner. Located in a highly sought-after area, this property offers a strategic location with easy access to major highways, corporate offices, shopping centers, and an affluent residential community. Its versatility makes it suitable for a variety of purposes such as Child Care Use, Religious Facility, and even Residential Redevelopment opportunities. With its outstanding features and prime location, this property presents a unique investment opportunity for those looking to capitalize on the rapid growth and development in Milpitas. Don't miss out on the chance to own this exceptional property and unlock its vast potential.

HIGH POTENTIAL FOR DEVELOPMENT WITH SB330. Neighboring parcel APN 029-30-008 has a pending application for 10 units on 10 acres. Unique multi faceted property with so much potential. Residence, office, 9600sq ft storage building. Next to multi-million dollar estates and across the street from subdivisions. Age of home is the effective age after updates. Permitted uses by "right" include residential, wholesale nurseries and wineries. Other uses by permit include religious institutions, schools, solar energy conversion facilities and much more. For more zoning information see Santa Clara County Zoning Ordinance

Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. Buildable area is one story (4435 SF per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. Current R3B zoning allows for a 3-story, 4+ units, with a maximum of 11,330 SF. Single-family homes have sold for $828/SF, and condos for $667-1,000/SF, with sellers leaving lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, such as a Michelin Stars restaurant with the 1st and 2nd floors for the restaurant and kitchen, and the 3rd floor for the chef's residence, also with an herb or vegetable garden in one place.