Emerald Isle - A 12.57 Acre Development Opportunity

Offered at: $4,500,000

Located in Santa Rosaâ€™s prestigious Fountaingrove neighborhood is a rare 12.57 acre development opportunity aptly named, â€œEmerald Isleâ€, positioned in the center of The Fountaingrove Clubâ€™s 18-hole private golf course overlooking the lush fairways and greens.

The development opportunity includes approved plans for eight residential buildings, for a total of 82 condominium units, each with an attached garage and a private outdoor living space. The community amenities include a swimming pool and spa, recreation center with exercise facilities, pet park, sports court, and fire pit lounge area. The final site plan gives deference to the area's natural beauty, featuring almost six acres of open space, framed by over 250 existing heritage oak trees.

The project is currently approved as a 55 years+ community. Per the city of Santa Rosa, it could potentially be re-approved for all-ages/non-restricted occupancy. Should the developer choose to build the project as-approved, the condos would be a desirable option for those 55+ taking advantage of the tax portability provided by Prop 19. "Down-sizing" to a low maintenance condo, overlooking the beautiful golf course, in the retirement destination of Santa Rosa should have broad appeal.

Just 45 miles north of the Golden Gate Bridge, Santa Rosa is the economic and government epicenter of Sonoma County, boasting a thriving hospitality and tourism scene, as well as vibrant industries in agriculture, medicine, high-tech, education, creative arts, and the environment. Outdoor enthusiasts from all over the world appreciate the beautiful regional parks and hundreds of hiking and biking trails.

You can enjoy it all, from Emerald Isle.

Features

104,576 square feet over 2.07 acres

82 condominium units allocated among eight buildings, including the recreation building, totaling 104,576 square feet.

Floor plans include 1-bed/1-bath (1 unit); 2- bed/2-bath (45 units); and 2-bed/2-bath plus den (36 units)

4,553-square-foot recreation building (recreation area: 2,983 square feet, leasing office area: 1,570 square feet); 2/3 of an acre for tennis/pickleball, pool, and flatwork.

Recreational areas contain a recreation building, pool, leasing office, and adjacent tennis court.

2.27 acres; 94 covered spaces; 115 uncovered spaces; driveway connection to Gullane Drive; Emergency Vehicle Access to Thomas Lake Harris Drive

1.33 acres of planted landscape including trees and turf, plus 5.82 acres of open space consisting of existing oaks & vegetation