Asking Price: $4,950,000

One of the few remaining ocean view corner lots in the MB Hill Section has just been significantly REDUCED putting this build project/lot well below lot value/replacement cost. Offering a significant head start in the construction process this 7,600 sq ft build site includes well over $2,000,000 in foundation and construction/grading/shoring hard costs making it an ideal value-add opportunity for custom home builders or developers. Step into this world-class KAA in build project or start over and take advantage of the time and money spent prepping this project for its next chapter. These days it is almost impossible to find a buildable corner lot in the Hill Section with the dimensions (94' of frontage), view potential, lot size, build progress, location, and most important AVAILABILITY! Across from the famous 'green belt' and surprisingly private, this location is 'center of the bullseye' with its proximity to downtown, schools, and THE BEACH! (KAA Design plans to resume project can be included in this sale) Contact listing agent for details and options.