8240 Elk Grove Florin Rd, Sacramento, CA 95829, Sacramento, 95829 - 3 bed, 3 bath
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8240 Elk Grove Florin Rd
Sacramento, CA 95829
ACTIVE
CONDITION: TEAR DOWN
3Beds
3Baths
2,433Sq Ft
128,938Lot Size
Property Price
LIST PRICE$1,198,000
SUMMARY
Forget the houselook at the dirt. The real wealth at 8240 Elk Grove Florin Rd is entirely unlocked by its prime RD5 zoning designation on 2.96 sprawling acres. In a market starved for inventory, this isn't just land; it's a high-yield residential subdivision pipeline waiting for an aggressive developer to strike. With RD5 zoning, you have a green light for density. This translates directly to building single-family homes or detached units right in a high-demand Sacramento pocket.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1968 (56 years old) with no mentioned renovations. The listing description explicitly states to 'forget the house' and focus on the 'dirt,' marketing the property solely for its 2.96-acre land value and subdivision potential.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 128938, living area = 2433.
- Development Potential
The RD5 zoning designation on 2.96 acres allows for a high-density residential subdivision, offering a significant opportunity for developers to build multiple single-family homes or detached units.
- Strategic Location
Situated in a high-demand Sacramento pocket with low inventory, this property is perfectly positioned for a high-yield residential project in a market starved for new housing.
CONSRISKS & DEFICIENCIES
- Negligible Structure Value
The existing 1968 residence is marketed as having little value compared to the land, likely requiring demolition or significant clearing costs to prepare the site for its highest and best use.
- Development Complexity
Unlocking the property's full value requires an aggressive developer to navigate the subdivision process, which involves significant upfront capital, permitting, and infrastructure investment.
About 8240 Elk Grove Florin Rd
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 128,938 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,433 | 1,541.53 |
| Lot Size | 128,938 | 6,320.667 |
| Price | $1.20M | $503.2K |
| Price per sq ft | $492 | $331 |
| Built year | 1968 | 1975 |
| HOA | $0 | $130 |
| Days on market | 129 | 47 |
Pricing History
Listed for Sale
Sep 28, 2026
$1,198,000
$1,398,000
-14% Price Drop
Initial Listing
Price Change
Aug 29, 2026
$1,398,000
$1,498,000
-7% Price Drop
Initial Listing
Price Change
Jun 18, 2026
$1,498,000
Initial Listing
Sold
Jun 4, 2021
$750,000
Public Record