22
See all 22 photos
Listed by Matthew Telfer • South County Realty Mh, DRE#01363041
$1,867,700
Est. payment /mo
700 SqFt
Contingent
15195 Olive AVE Morgan Hill, CA 95037
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Contingent
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $2,668
MLS Listing ID ML82055399
Year Built 1900
Lot Size 9.830 Acres
Property Sub-Type Multiple Dwellings / Structures
Property Description
Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning A-20A
Interior
Heating Other
Cooling Other
Exterior
Parking Features Parking Area
Garage Spaces 3.0
Utilities Available Natural Gas, Propane On Site, Public Utilities, Other
View Hills
Roof Type Elastomeric,Metal,Other
Building
Lot Description Grade - Level
Foundation Combination
Sewer Existing Septic
Water Well
Others
Tax ID 779-03-005
Security Features None
Horse Property Possible
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
GET MORE INFORMATION