Beautiful one-of-a-kind 36 acre development parcel located just 20 minutes to Mammoth Lakes. Zoned Mixed Designation (Commercial and Residential). Possibilities include a single estate parcel and ranch, dual estate parcel, small subdivision of approx. 13 lots, condominium project, mobile home park, and more (all subject to Mono County approval). Property is uniquely private with rising land mass to the south, east and west. Located adjacent to the Aspen Springs equestrian estates subdivision. Former location of the historic "Fobes 40" motel. Small spring area in the middle of the parcel with wetlands designation. Fabulous solar exposure with views of the Sierra, to Crowley Lake, the Glass Mtns. and beyond. The property overlooks the gorgeous Little Round Valley Meadow. This property is located out of the major snow zone of the resort region. Owner will finance with 25% down to qualified buyer and subject to negotiated terms. Check out the video tour.