$595,000

Development Opportunity on the last vacant lot along Cambridge Rd that backs up to the Cameron Park Lake. Create housing in which the occupants will enjoy the serenity of the lake. The Multifamily Residential Zoning allows the construction of residential units at a density of 5-24 dwelling units per acre, which equates to 3-12 residential units for this lot. Zoning allows you to create a subdivision map to construct townhomes, condominiums or detached homes. Zoning also allows apartments, senior housing, and more under the Multifamily ordinance. Residents have direct access to the lake from the back gate, (with a pass from the CSD), and can enjoy its path around the lake, tennis courts, swim area, gazebo, an island and more. Events by the Cameron Park Community Services District and Fire Department include an annual summer spectacular for fireworks from the lake, which may be enjoyed from the homes. Cameron Park has a public library, community center, elementary and middle schools. The Cameron Park Country Club and Golf Course has private memberships available. The community of Cameron Park offers a wide variety of housing and shopping, and is accessible from two offramps along US Highway 50. Cameron Park is 30 miles east of Sacramento, and 70 miles west of South Lake Tahoe.