Need creative ideas for a 9 Acre lot in Simi Valley W/ Views

[Tyler H.]

I have listed an 8.9 Acre parcel in Simi Valley with amazing views over looking the valley. Its currently listed at only $450K, but I have not been able to connect with a developer who would entertain the project. The property has been owned by my family for a long time, so I have a vested interest in either getting it sold, or coming up with a creative business venture utilizing the land.

SO what's the problem? The property slopes up a hill, and Simi Valley decided to create the "Hillside Performance Standards" that regulates that you cant build on grades over 20%..... We dont have a survey, but I would guess that less than 50% of the lot is sloping over 20%. Secondly, there needs to have a road graded and paved off for access. (road runs along side of lot).

So Im thinking a developer could probably build 8-9 custom home lots... (havent found him yet) There is a nearby development (big sky) with large tract homes that sell for $800-1M, so custom 1 Acre lots would have a premium.

Other than that, what are your creative ideas? Anyone have experience with "hillside performance standards"? 

Grow a crop? Camp Grounds? Park? Oh wait, I like this one.... Zip Lines.... We'll utilize that slope :)