0000 Lake California Drvie
Cottonwood, CA, 96022 $ 4,650,000
Baths0.0 Monthly Estimate*
$ 29,010
Studio for $4,650,000. This home was built in 2005.
ADJACENT TO INTERSTATE 5, sits this 1282 acres of vacant land just waiting to be developed. The natural beauty surrounding the area, combined with its strategic location, makes it an attractive proposition for both developers and investors. Don't miss out on this chance to create something truly special in the heart of Northern California.. A large portion is zoned for small rural residential development, (approximately 250 lots, 5 acres in size). The land has generally open and flat terrain with amazing Mt. Shasta and Mt. Lassen views. Surrounding the already established Phase 1 of the Sunset Hills Estates gated community, a portion of the land is located within the existing gated community. The seller is willing to assign the buyer rights to annex additional development into the existing Sunset Hills Estates gated community allowing access to over 5 miles of private paved roads. There is a homeowners association with CCRs and Architectural Guidelines in place for Phase 1, This offer has 8 separate parcels including 25 commercial acres with it's own on/off ramp, off I-5 Exit 659 (Sunset Hills Dr) which features a charming 1,576 sq. ft. sales office overlooking a large year round pond. Equipped with three office spaces, a lobby, a break room, two private restrooms, and a large meeting room. Wells and septic systems are approved for future development, and an enormous aquifer underlies the property. This unique rural property is conveniently located off Interstate 5, just outside the charming historic town of Cottonwood, approximately 20 miles south of Redding, California. Be at the Sacramento Airport in two hours. Close to major hospitals, airports, golf courses, schools, and all essential amenities (just 10 minutes to Walmart and 20 minutes to Costco). A highly desirable Northern California area with Mt. Shasta, Mt. Lassen, Lake Shasta, and the Sacramento River all nearby. Whether you're envisioning a luxurious residential community or a combination of residential and commercial development, this property offers a blank canvas of possibilities. Also listed in MLS #24-5146
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FeaturesGeneralPossession Close of Escrow
Year Built 2005
Business Type See Remarks
Additional Parcels Description 004-140-78 004-140-82 004-140-83 004-140-84 006-200-33 006-200-31 006-200-30
County Tehama
Property Type Investment
Garage Y/N N
Status Active
Directions Getting there is easy off Interstate 5. Take Exit 662 Bowman Road to Lake California Dr. or Exit 659 Sunset Hills Dr. in Cottonwood CA
City Cottonwood
Zoning Description RE - Rural Estate
MLS Area 08 - Cottonwood
Lot Size Square Feet 0.0
Carport Y/N N
Lease Renewal Y/N N
MLS Area Minor 08 - Cottonwood
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
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ExteriorParking Features Off Street
Lot Size Area 0.0
Spa N
Lot Size Acres 0.0
Other Parking Conforms to Zoning
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Total Baths 0
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* Excluded FeaturesList ByTerri L WilcoxListing Agent
Real Brokerage TechnologiesBroker
terriwilcoxrealtor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $29,010
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Cottonwood, CA
Average List Price $2,554,950
Percent of Sale Price 45%
About Cottonwood, CA 3,470 Population
16% Since 2002
$ 39,775 Median Income
37.7 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
633023 Elementary School
632821 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/23/2025 | $4,650,000 | | Listed Price |