295 River Otter Way: Prime Development Land in Grass Valley, CA
If you're searching for buildable land in Grass Valley, this property deserves your attention. 295 River Otter Way is a rare offering—an entitled and engineered subdivision totaling nearly 5 acres, located within Grass Valley city limits and ready for development.
This is not just land. It's a turn-key opportunity for builders, investors, or anyone looking to create housing in one of Northern California’s most desirable small towns.
Why Grass Valley?
Grass Valley sits in the heart of Nevada County and continues to attract families, retirees, and remote professionals alike. The demand for new housing remains strong, and vacant land with full infrastructure is becoming increasingly difficult to find.
- Mild four-season climate
- Friendly, small-town charm with vibrant arts and culture
- Easy access to outdoor recreation and Highway 49
- No Mello-Roos, lower property taxes, and fewer development hurdles
Property Overview: 295 River Otter Way
This property includes 17 fully subdivided lots ranging from approximately 0.25 to 0.40 acres each, all on a gently rolling, usable 4.92-acre parcel.
Walkable to major retail like Target, Raley’s, and even Tesla Superchargers.
Key Features:
- Zoned R-3 Planned Development: Ideal for single-family homes, duplexes, or build-to-rent product
- All city utilities available: Water, sewer, gas, electricity, cable, and internet
- Engineering completed: Civil plans, grading, and tentative map are done
- Paved road access: Curbs, gutters, and sidewalks in place
- Prime location: Minutes to shopping, groceries, restaurants, and public transit
Graded and paved roads with utilities in place—ready for construction.
City utilities including water, sewer, and fire safety already onsite.
What Can You Build?
The current zoning and approvals allow for:
- Single-family homes
- Duplexes and small multi-unit properties
- ADUs and second units
- Potential build-for-rent community or resale strategy
Top Questions About Buying Land in Grass Valley
Is this land buildable right now?
Yes. This subdivision has completed grading, engineering, and city approvals. It’s one of the few parcels in Grass Valley that is truly shovel-ready.
Are utilities available?
Yes. All major utilities are already in the street—no need to trench or extend services.
Is this inside city limits?
Yes, which means faster permits and better infrastructure than rural land.
What kind of buyer is this ideal for?
This property is a great fit for developers, builders, 1031 investors, or partnerships looking for ready-to-go infill projects.
Nearby access to the Wolf Creek Trail—a favorite local walking and biking path.
Located at the end of a quiet street with quick access to Grass Valley’s core retail district.
Schedule a Tour or Request a Full Info Packet
Want to review engineering reports, lot maps, or zoning documents? I’d be happy to provide a private showing or digital packet to help you evaluate this investment.
📍 Address: 295 River Otter Way, Grass Valley, CA 95949
💰 Offered at: $475,000
📞 Contact: Mike Faulkenberry at (530) 270‑9219
📧 Email: mikesellsnorcal1@gmail.com
