March 30

Pacific Palisades Real Estate Market Updates Available.

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10263 Leona Ave

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$9,995,000

Price

240 ac

Lot Size

For Sale

Status

10263 Leona Ave, Leona Valley

Nestled in the Sierra Pelona Mountains in unincorporated Los Angeles County is the picturesque town of Leona Valley. Steeped in history dating back to the original Spanish land grants and large ranches of the 19th Century, today you'll find a proud community of large single-family estates, equestrian culture, and a renowned cherry festival celebrating the small-scale cherry farms and vineyards dotting the landscape. The quaint town square features neighborhood restaurants, the feed store, and local honey outlet along the convenient Elizabeth Lake Road connecting Leona Valley to other nearby communities. The city of Los Angeles is under an hour away. The Wrigley Ranch Estates is the last large piece of prime undeveloped central valley property, previously owned by the notable Wrigley Family, The Ritter Family before that, and the namesake of the valley, Miguel Leonis the pioneering Basque sheep herder. These 239 Acres are among the most prized in Leona Valley, offering sweeping views and a convenient location in the center of town. The subdivision originating in 1988 and renued by the Department of Real Estate in 2022 created 29 lovely panoramic view parcels ripe for the development of large single-family estates zoned A-2 for stately homes with agricultural accessory features like vineyards, orchards, livestock, and equestrian facilities. Both So Cal Edison power and California Water Service water are available, in addition to the functioning wells on parcels 2 and 13. 6 subdivided parcels were previously sold and have built beautiful large single-family homes as an example of the immense possibilities. These homes represent some of the highest priced sales in the area. The completed grading plans and engineering is available, and the property benefits from a current SEA exemption for single family development. The LA County Department of Planning has intimated that development of single-family homes here with limited restrictions should be a very straight forward process. The project borders developed roads, including Elizabeth Lake Rd and Leona Ave which has future plans to connect through to Bouquet Canyon Rd, providing additional centrality and convenience to the site. Includes APN# 3215-021-001, 3215-021-002, 3215-021-003, 3215-021-004, 3215-021-005, 3215-021-006, 3215-021-007, 3215-021-008, 3215-021-013, 3215-021-014, 3215-021-015, 3215-021-016, 3215-021-017, 3215-022-001, 3215-022-003, 3215-022-004, 3215-022-005, 3215-022-006, 3215-022-007, 3215-022-008, 3215-022-009, 3215-022-010, 3215-022-011 All information presented in this document are estimations and buyer must solely rely on their own investigations

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