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Sotheby’s International Realty in Los Olivos (my office) is taking a unique listing, which will come live in the MLS on Monday. We refer to these unique properties as “Stadium Condos”, which are 12 townhomes in three buildings quite near the SYV High School. Technically speaking these are not condos, rather they are PUDs.
Townhomes with 13 fenced acres. In addition to the buildings, there is a 13+/- acre fenced area, which can accommodate a limited number of horses, and has been used for dog walking and other exercise. In the CC&Rs, this 13 acre area is divided into 12 pieces, with each 1+acre piece “assigned” to each of the twelve units. Frankly, I am not sure of the ownership arrangement, but can delve more deeply for interested parties. Clearly this additional land adds value to these properties and allows those who are downsizing from ranches and farms a place to keep their favorite horse. It has been years since one of these properties came to market, and at that time there were no horses being kept there. The home owners used the land for their dogs and a privacy buffer.
Pool, Tennis Court and Clubhouse too. The association also has a pool, spa, tennis court and clubhouse. The monthly fee is $350.00. Bear in mind that as a PUD, the association offers only limited services to the members. If you are interested, I can provide further information about this.
This property, which is a beautifully remodeled 2-story and split level 3 bedroom townhome, will be offered at $599,000.
Please contact me for additional information and/or to schedule a showing.