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2804 S Grade Rd #61 / 36 · Click to zoom

About this home

A short distance away from the city center is a rare, near turn-key development or retail investor opportunity in Alpine's fastest-growing corridor. This 10.52 acre property carries a Tentative Map for up to 30 residential lots, currently planned as a 26-lot custom home subdivision. Extensive engineering and due diligence are already complete, cutting the time, risk, and soft costs standing between purchase and construction. Alpine continues to draw buyers seeking spacious, custom homes with access to nature while staying connected to major commuter routes, supporting strong long-term demand and appreciation in this established growth pocket. The property also cash-flows today: existing rental units (up to 4) generate monthly income through the planning and entitlement process. A historic grove of 375+ mature, 100-year-old Mission olive trees and a high-producing private water well add further income potential and lifestyle appeal. Minutes from downtown Alpine, shopping, dining, and freeway access, with Wright's Field hiking and equestrian trails nearby. Entitlement progress, income in place, water rights, and a signature natural setting, a compelling package for developers, investors, and owner-builders ready to create Alpine's next standout residential community.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$380,000 · Sep 2021
📋 Assessed value$1,948,377
💵 Annual tax$21,965
🏫 School districtGrossmont Union High School District

MLS #260018724

🔥 Risk & insurability

🔥 Fire hazard zoneVery High
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment
$17,228
Principal & interest$13,905
Property tax$2,521
Home insurance$802
Down payment: $550,000Loan: $2,200,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.