‘Land is underwater’: Odd San Francisco real estate lot on market for $75K

SAN FRANCISCO — Looking for property with a unique view of San Francisco Bay? A California real estate agent has a deal for you.

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The listing offers a 50,000-square-foot lot for $75,000. Here’s the catch. It is offshore and underwater in San Francisco Bay, the San Francisco Chronicle reported.

“Own a piece of San Francisco,” says the official real estate listing for 250 Fitzgerald Ave.

The property was purchased six years ago by Daly City real estate agent Trent Zhu, KGO reported. The 1.1-acre lot is located three city blocks east of Candlestick Park, the television station reported.

Zhu said he bought the land from San Francisco County at a foreclosure auction for less than $5,000, KGO reported. He has never visited the property, the television station reported.

The real estate agent’s listing is not deceptive.

“Land is underwater. Zoning is RH1D per public record,” the listing reads. “Street #250 is not an official assigned address.”

The RH1D zoning means a single-family dwelling can technically be built on the property, SFGate reported.

The street address is fictitious, Zhu explained, since there is no network of underwater streets in the area -- and certainly no place to put a mailbox, the Chronicle reported.

So far, Zhu has no takers for the property, KGO reported. But he likes the idea and admitted he has bought some other underwater parcels.

Zhu admitted he had no real plans for the land. He believes it could have some value since major development is planned at the former home of Candlestick Park, the Chronicle reported.

“It was more of a fun thing to buy a piece of land underwater,” Zhu told the newspaper.

However, Zhu’s listing has a final caveat for would-be buyers.

“Seller is not sure if this land can be developed into a pier or anything at all,” the listing reads.