946 Risa Road, Lafayette, California 94549, Lafayette, - bed, bath
ACTIVE$4,451,400
946 Risa Road, Lafayette, California 94549
0Bed
0Bath
Sqft
12,000Lot
Year Built
2025
Close
-
List price
$4.45M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41108575
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-
About this home
RAW LAND AVAILABLE FOR ADDITIONAL DWELLING UNIT(S)
Price History
Date
Event
Price
09/25/25
Price Change
$4,451,400
08/18/25
Listing
$2,496,000
Condition Rating
Excellent
Despite the description mentioning 'RAW LAND', the provided images clearly depict a newly constructed or extensively renovated modern home. The year built (2025) further supports this. The kitchen features new stainless steel appliances, contemporary dark wood cabinetry, and pristine white countertops. The bathrooms are equally modern with floating vanities, sleek black fixtures, and tiled walk-in showers with glass enclosures. All visible components are new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons
Pros
Development Potential: The property is explicitly listed as 'RAW LAND AVAILABLE FOR ADDITIONAL DWELLING UNIT(S)' and zoned for 'Residential Income' (Duplex), offering significant potential for multi-unit development.
Prime Location: Situated in Lafayette, California, a highly desirable and affluent city known for its excellent schools, amenities, and convenient access to major employment centers.
Generous Lot Size: A substantial 12,000 sq ft lot provides ample space for flexible development plans, allowing for a well-designed duplex or additional dwelling units.
Opportunity for New Construction: As raw land with a future 'year_built' of 2025, this offers a rare opportunity to build brand new, custom units, maximizing modern design, efficiency, and market appeal.
Income-Generating Asset Class: Designated as 'Residential Income' and 'Duplex', the property is inherently positioned to generate rental income upon completion, appealing to investors.
Cons
Substantial Upfront Development Costs: Being raw land, the buyer will incur significant costs for construction, permits, utility connections, and landscaping before the property can be occupied or generate income.
Extended Timeline to Income: Unlike existing properties, there will be a considerable period of planning, permitting, and construction before the investment can yield returns, impacting cash flow projections.
Market Risk for Future Project: The profitability and success of the future development are subject to fluctuating construction costs, interest rates, and the rental/sales market conditions at the time of completion.