Highway 68
Ferrini Ranch - Development Opportunity in Beautiful Steinbeck Country
$34,500,000

870-acres with 185 approved estate lots and over 700 acres of permanent open space

Decades in the making and thoughtfully designed to preserve the land, Tim Allen Properties and Bella Vista Land Advisors (as co-listing agents) are pleased to present this unique estate home development opportunity located on scenic Highway 68, between the cities of Monterey and Salinas in Monterey County, CA. Ferrini Ranch is an 870-acre ranch with an approved vesting tentative map for 185 lots, of which 168 are market-rate and 17 reserved for moderate-income buyers. The lots range in size from 1/3 acre to over 1 acre, and most offer panoramic views of the valley below.  Over 700 acres of permanent open space surround the 185 building lots. Ferrini Ranch includes an 11.8-acre parcel programmed for an “Ag Visitors Center” which could include a tasting room featuring wines from the Santa Lucia Highlands AVA, as well as local micro-brews, snacks and games. The Ranch also includes a 2-acre parcel with cottage and historically significant barn that could be converted into a small community center.  The Toro Park Shopping Center is located just across Highway 68 from the Ranch, and southeast Salinas offers a Lucky Market, Star Market and Nob Hill Market just 2.5 miles to the north.  The Ranch has a Salinas mailing address and is in the Washington Union School District, so students will be able to walk or bike to Washington Elementary & San Benancio Middle School from K-8.  High School students attend Salinas High School or one of the nearby private schools.

 

Co-Listed with

 

870 Acres lot

Tim Allen

Tim Allen

TITLE

Global Luxury Property Specialist

Features & Amenities

Area & Lot

  • Status For Sale
  • Lot Area870 Acres
  • TypeLAND, RESIDENTIAL, OTHER, COMMERCIAL
  • View DescriptionSanta Lucia Mountains, Farmland

Financial

  • Sales Price$34,500,000
Ferrini Ranch - Development Opportunity in Beautiful Steinbeck Country
Ferrini Ranch - Development Opportunity in Beautiful Steinbeck Country

A New Community Nestled in the Santa Lucia Mountains

– TA
Ferrini Ranch - Development Opportunity in Beautiful Steinbeck Country

LOCAL KNOWLEDGE & GLOBAL CONNECTIONS

With many decades of combined knowledge of the Monterey Peninsula, the Tim Allen Properties team looks forward to providing you with a real estate experience that is second to none. Please feel free to explore our website, and contact Tim or any one of the team members with any questions you may have.

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