Land for Sale in Mammoth Lakes
With only 4 square miles of developable area in Mammoth Lakes and town limits bound by Forest Service and other Federal lands, vacant land in Mammoth Lakes is a limited quantity. As of May 1, 2016, there have been 5 land sales in Mammoth Lakes, this is already half of the total sales observed in all of 2015… just one year prior.
The increase in land sales volume is attributed to rising real estate values, which are approaching new home building costs. As home values near the costs of newer construction, the more attractive new homes, and lots, become. There are many factors that drive land values, and this is just one I’ve seen in recent years in Mammoth Lakes.
131 and 145 Manzanita Road are two contiguous lots located on the east side of Manzanita Road. These lots back to a 25-acre parcel, currently designated with a workforce housing overlay zoning. The combined lots consist of .49 acres of land zoned Residential Multi-Family 1 or RMF-1. These lots could be used for the development of residential units or a single family home.
Are you interested in looking for other land opportunities in Mammoth Lakes, just click on Land for Sale in Mammoth Lakes.