Gorgeous property to build your dream home with as little as 3.5% down! Welcome to San Vicente Terrace where you will find over half an acre (0.637) of buildable land in Bonny Doon for sale. This tranquil property backs up to San Vicente Creek and the majority of it is flat. It has recently received pre-clearance from the County for up to a 2577 SF home, after the 3 bed/3bath farmhouse burned down in the CZU fires. A lot of heavy lifting has already been done - existing well and septic are cleared by county and there is a paved road for access. A preliminary drawing done by seller is available, for a multi-level dwelling that could be built into the hillside to maximize privacy and usable yard space. Property is adjacent to San Vicente Redwoods Preserve which offers over 8000 acres of hiking, leading to the sea. San Vicente Terrace is a fantastic neighborhood with a strong sense of community, where many homes are already being rebuilt or already completed. Ask your agent or lender about the possibility to purchase with a "203H-FHA renovation loan" with only 3.5% down and the ability to finance the construction!!!