The 3,000sf main residence plus two guest houses are on this parcel, and also included is parcel 2 which is 178-200-23. Parcel 1 is 8.23 acres, and parcel 2 is 31.43 acres for a total of 39.66 acres. The highest-and-best use is to subdivide the lower half into 19 one-acre lots (where there are now 2,000 lime trees), and keep the upper half for a large mega-view estate - and harvest the 10,000 specimen palms which should generate $1,000,000+. Developers have offered $5 million for the lower half but want to pay as the entitlements are received over the next few years - the seller wants to cash-out now, and has discounted the price nicely to compensate. Current gross income is around $100,000 annually between rents, fruit & palm sales, and cell phone tower. Incredible southerly views plus ocean and San Clemente/Catalina Island views too. There is both city and well water available.