A 112-acre undeveloped parcel south of Route 56 in Carmel Valley has been sold to Caltrans for wetlands restoration.
The parcel, currently zoned for agriculture and residential use, is located in the McGonigle Canyon area south of Caminito Mendiola.
It was sold for $2.7 million by the Barczewski Trust, a family trust which at one time owned 300 acres in the area.
Colliers International’s San Diego land team represented both Caltrans and the seller in the transaction.
“This acquisition will set aside permanent open space, create wetlands and preserve the site for the Carmel Valley community,” said David Santistevan, senior executive vice president at Colliers International.
The site is adjacent to an existing wetlands preserve.