Diamond Springs CA Real Estate & Land For Sale

Piedmont Oak Estates is a stunning approved land development for up to 95 residential single family home lots and two commercial lots for an amazing price with huge upside potential! Very rare development opportunity on this almost 26 acre's of vacant land. Ideally located near Highway 50 and off Highway 49 in El Dorado County, California between South Lake Tahoe & Sacramento. Below the snow of the Sierra Nevada mountain range and above the Sacramento Valley fog, this is an excellent location for commercial property frontage off highway 49 as well as a new gated single family home community.

Seller financing available with min 50% down! Piedmont Oak Estates is an approved land development allowing for as many as 95 detached residential single family home lots and 2 commercial lots. The property is located 3 miles south of Placerville on Highway 49, one mile north of Diamond Springs in El Dorado County, CA. This location is ideally between Sacramento and Lake Tahoe. The current approval is for the first phase only and includes 75 single family residential units (55 smaller lots and 20 larger lots) and one commercial site (for 20,000 square feet of commercial). 20 more additional residential lots and one more commercial lot is planned be part of the phase two approval within a year approx. This is a rare opportunity to develop in a prime location with rapidly increasing value. Plans and development cost estimate available upon request. The total property offering consists of four parcels: 051-550-040-000, 051-550-048-000, 051-550-051-000, 051-550-058-000. The exact address has not been assigned yet but 4001 Diamond Road provides reference to map location.