Accredited Investors Only

Boulder Road & Walden Woods Way · Granite Bay Vista Lake Estates 15 Custom Estates · 10-Acre Preserve

Fifteen custom estates encircling a dedicated 10-acre habitat and oak preserve, with private trail access into Folsom Lake State Recreation Area. All entitlements in place through July 2028 with no changes to the approved plan.

Entitled Through 2028
Verified
CEQA Status MND Approved
Verified
Target IRR 18-35%
Modeled

Choose Your Investment Strategy

Strategy A

Lot Sales

$3.4M Equity Required
1.65x Target Multiple
18-22% Target IRR

Finish horizontal, sell 15 lots to builders

36-48 months
Minimum Investment: $250,000 Accredited investors only
35.84 Acres
15 Estate Lots
2+ Acres/Lot Avg
85% Data Verified
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Watch the Pitch

See the Vision Come to Life

A 3-minute overview of Vista Lake Estates — the opportunity, the location, and the returns.

The Last of Its Kind

There will never be another chance to control an entire 15-home enclave on Folsom Lake in Granite Bay.

Granite Bay is 95% built out. New gated community approvals have halted. This is the final opportunity for ultra-low density (0.44 units/acre) on a multi-acre scale.

35.84 Acres
15 Estate Lots
10.49 Acre Preserve
2028 Approved Through
95% Built Out

From Capital to Legacy

$5M – $7M Deployment
  • All horizontal improvements complete
  • Roads, utilities, infrastructure
  • Finalized 10.49-acre habitat preserve
  • 15 shovel-ready finished lots
Exit: Lot sales to builders

Curated for the UHNW Market

This is not a retail subdivision. This is an asset for those who define the neighborhood's future.

Multi-Generational Compounds

A secure 15-home enclave for three generations in private, side-by-side estates.

Strategic Investors

Preserved and entitled land, insulated from future competition due to build-out limits.

Master Builders

The only remaining large-lot, lake-adjacent project wrapping the Los Lagos Equestrian Center.

Visual Advantage

Direct trail spur to Folsom Lake's public riding trails. A lifestyle centered on waterfront recreation and elite equestrian access.

Exclusive Invitation

"Serious inquiries only: principals and family offices planning to deploy $5M – $10M or more into a single, legacy-grade asset."

Request Private Briefing

Project Snapshot

Total Acreage 35.8 acres
Estate Parcels 15 lots
Lot Sizes 1.15 – 2.4 acres (avg ~1.5 ac)
Habitat Preserve ~11.7 acres (on-site mitigation bank)
Open Space Lots 10.49 acres in 3 preserve parcels
Zoning RA-B-X-20, PD 0.44 / RS-AG-B-40, PD 1.1
APNs 035-410-011-000, 035-300-095-000
Trail Access New multi-purpose trail to Folsom Lake
Source: Placer County Planning & Assessor Verified Jan 2026

On-Site Habitat Bank

After regional mitigation banks proved infeasible, the project uses its open-space lots as an on-site mitigation bank for elderberry shrubs (Valley Elderberry Longhorn Beetle habitat). The preserve occupies the central, steep, and view-sensitive terrain—permanently protecting oak woodland, chaparral, rock outcrops, and drainage features while framing the homes as a low-density enclave around a private 10-acre natural reserve.

Preserve Features

Oak Woodland Protected
Elderberry Habitat On-site Bank
Rock Outcrops Preserved
Trail Connection Folsom Lake SRA

Approvals & Entitlement Status

Vista Lake Estates was originally approved by the Placer County Planning Commission on July 14, 2016, with a Mitigated Negative Declaration adopted at the same time. The project has since received multiple extensions keeping the vesting map and CUP in effect through July 26, 2028.

July 14, 2016

Original Approval

Vesting Tentative Map + CUP approved; MND adopted

2019

1st Extension

Conditions updated to current standards

2021 / 2023

2nd Extension

Fees and conditions updated

January 30, 2025

24-Month Extension Considered

County found no changes requiring additional environmental review

Verified
July 26, 2028

Current Expiration

Vesting map and CUP remain in effect

Vesting Advantage

Combined planned development density allows exactly 15 lots as approved. Conditions of Approval updated in 2019, 2023, and 2025 to reflect current standards, fees, and the new expiration date.

CEQA Clearance

Document Type Mitigated Negative Declaration
SCH Number 2016052061
Adopted July 14, 2016
Status Active
Verify on CEQAnet
EIR Savings $150K + 18mo No new environmental review required

Value & Market Position

Vista Lake Estates is differentiated by lot sizes 2–10 times larger than most new Granite Bay subdivisions (1.15–2.14 acres vs 0.16–0.8 acres), very low density (~0.44 units/acre), and direct adjacency to Folsom Lake State Recreation Area and the Los Lagos equestrian environment.

2–10x Larger Lots

1.15–2.14 acres vs 0.16–0.8 at competing projects

10.49-Acre Preserve

Common open space with trails to Folsom Lake

Los Lagos Adjacency

Wraps equestrian center; gated environment

Fully Vested

Defined scope reduces entitlement risk

Granite Bay 2025 Market

Project Lot Size Price Range $/SF
Park at Granite Bay / Whitehawk 7K–17K SF lots $1.0M–$1.45M $375–460
Magnolia at Granite Bay Smaller lots $2.0M–$2.3M Ultra-luxury
JamesEdition Listings Various $1.4M–$4.2M Few multi-acre
Source: MetroList MLS, Redfin, JamesEdition 2025 data

Expected Sale Tiers

Finished Lots $600K – $950K
Smaller Non-View Homes $1.8M – $2.2M
Mid-Slope / View Homes $2.2M – $2.8M
Ridge-Top Prime View $2.8M – $3.5M+
Total Sell-Out Potential $35M – $45M 15 completed custom estates

Construction Scope

The Conditions of Approval and Initial Study define a finite horizontal scope. Current engineering and cost analysis supports an all-in development budget of approximately $5.5–7.0M to deliver 15 finished estate lots with full infrastructure, trails, and habitat preserve.

Mass Grading

Disturbed Area ~7.5 acres
Cut Volume ~8,600 cubic yards
Fill Volume ~3,500 cubic yards
Strategy Balance on-site, minimize export

Infrastructure Requirements

  • Roads: Two private cul-de-sac streets to County Plate R-3 standards plus Boulder Road frontage widening to 24-foot paved width
  • Emergency Access: Gated connection to Barcelona Court in Los Lagos for emergency use only
  • Water: PCWA mains and services
  • Sewer: SMD-2 gravity mains and laterals
  • Drainage: Grass-lined swales and small water-quality basins using LID/BMPs
  • Trail: Multi-purpose trail behind equestrian facility connecting to Folsom Lake SRA trails; old trail segments abandoned and restored
  • Preserve: Oak replacement plantings and elderberry transplants per MMIPs; long-term monitoring through Mitigation Monitoring Implementation Program

Cost to Finished Lots (2025/26 Benchmarks)

Horizontal Construction $150K – $250K / lot ROM
Impact & Connection Fees $45K – $55K / lot
Soft Costs & Contingency $350K – $550K total Est.

Total Development Cost

Horizontal (15 lots) $2.25M – $3.75M
Fees (sewer, water, traffic, PCCP, parks) $675K – $825K
Soft Costs $350K – $550K
Total Cost to Finished Lots $5.5M – $7.0M Raw entitled land → 15 improved lots

Current Owner / Development Partner

Bianchi-Tillett Developers

2270 Douglas Blvd Suite 101, Roseville, CA

bianchi-tillettdevelopers.com
20+ Years Experience
108 BuildZoom Score
Top 5% CA Contractors
Recent Project

Brookwood Estates - 17 semi-custom gated homes in Roseville. Full-service design-build from land development to personalized finishes.

Potential Builder Partners

Premier Homes / Element Built 1,200+ homes built
Blue Mountain Communities Active in Granite Bay (The Glen)
JMC Homes 50 years Sacramento area
Wechsler Custom Homes 45+ years luxury custom
Investment Returns

What's the Return?

Two strategies, both with compelling risk-adjusted returns

Target IRR 18-22%
Equity Multiple 1.65x
Timeline 36 mo
Equity Required $3.4M
Land Acquisition $3,200,000 50%
Horizontal Improvements $2,400,000 37%
Soft Costs & Contingency $800,000 13%
Total Uses $6,400,000 100%
Sources
LP Equity (Limited Partners) $2,720,000 80%
GP Equity (Sponsor) $680,000 20%
Development Loan (if needed) $3,000,000
Downside Base Case Upside
Avg Lot Price $550,000 $650,000 $750,000
Gross Revenue $8.25M $9.75M $11.25M
Net Profit $1.1M $2.2M $3.5M
LP IRR 12% 18% 25%
LP Multiple 1.35x 1.65x 2.0x
Passive Loss Banking

Development losses create "suspended losses" that offset future gains. No 750-hour requirement.

Example: $1M investment → ~$400K suspended losses → $200K tax savings when used
1031 Exchange Eligible

Defer capital gains by rolling proceeds into next qualified property.

Cost Segregation (Strategy B)

Accelerate depreciation on vertical improvements for immediate tax benefits.

View Full Tax Analysis
Strategy A Financial Model

Excel workbook with assumptions, scenarios, and sensitivity analysis

Excel (.xlsx) • 2.4 MB
Access Data Room
Timeline 48-54 mo
Equity Required $15M

Why Vertical Integration Wins

5.4x More Profit ($11.8M vs $2.2M)
60 days Home Sales vs 3+ Years Land
$645/SF Proven Los Lagos Pricing
Land + Horizontal $6,400,000 19%
Vertical Construction (15 homes) $20,250,000 61%
Soft Costs & Marketing $3,350,000 10%
Contingency & Carry $3,200,000 10%
Total Uses $33,200,000 100%
Sources
LP Equity $13,000,000 39%
GP Equity $2,000,000 6%
Construction Loan $18,200,000 55%
Downside Base Case Upside
Avg Home Price $2,750,000 $3,000,000 $3,500,000
Gross Revenue $41.25M $45.0M $52.5M
Net Profit $8.0M $11.8M $19.3M
LP IRR 18% 25% 35%
LP Multiple 1.6x 2.0x 2.5x
1
De-Risk & Infrastructure
Months 1-18

Complete horizontal improvements, record final map, build model + 2 specs

Capital: $8.5M
2
Prove Concept
Months 18-30

Sell model + 2 specs ($9M), pre-sell 4 customs ($12M backlog)

Revenue: $9M
3
Production Mode
Months 30-42

Deliver 4 pre-sold, start next 4 homes

Revenue: $12M
4
Completion
Months 42-54

Deliver final 5 homes, project closeout

Revenue: $14.25M
Execution Timeline

When Do I Get My Money Back?

Clear milestones with defined liquidity events

36-48 Months to Full Exit
Month 18 First Distributions Begin
Quarterly Investor Reporting
Phase Y1 Y2 Y3 Y4
De-Risk & Acquire
Q1-Q4
Horizontal Build
Q3-Q6
Final Map Recording
Q5
Lot Sales / Build
Q5-Q14
Distributions
Q6-Q16
Week 1-2: Foundation
Week 3-4: Engineering & Fire
Week 5-8: Market & Legal
1
De-Risk Entitlements
Months 1-3

Confirm COAs, Barcelona decision, sewer fees, fire specs

2
Legal & Engineering
Months 2-6

60% improvement plans, Substantial Conformance (if needed), HOA drafting

3
Final Map & Build
Months 6-15

Record final map, execute infrastructure, 15 finished lots ready

4
Market & Sell
Months 12-36

Builder outreach, lot sales or vertical build execution

5
Exit & Distribute
Months 24-48

Quarterly distributions, return of capital, promote distribution

HIGH
Barcelona Court Access Decision

If COAs require full road vs. emergency gate only. $300K+ cost swing.

Action: Confirm with County by Week 2
Pending
HIGH
Fire Insurance Feasibility

DIC coverage availability affects buyer qualification.

Action: HUB broker letter by Week 3
Pending
MED
Engineer ROM Validation

Current $2.4M estimate needs contractor verification.

Action: Jerry estimate by Week 2
In Progress
Competitive Advantage

Why This Deal?

Four reasons this opportunity stands out

Rare

Last large entitled parcel in Granite Bay. Supply-constrained luxury market.

Validated

85% of data verified via government records. CEQA cleared. Entitlements active.

Protected

Vesting locks 2016 codes. No EIR required. 3.5 years runway remaining.

Proven

Adjacent Los Lagos sells at $2M-$4M. Blue Mountain actively building nearby.

How Vista Lake Compares

Metric Vista Lake Typical Syndication S&P 500
Target IRR 18-35% 12-18% 7-10%
Timeline 36-48 mo 60-84 mo Indefinite
Tax Benefits Passive Losses + 1031 Depreciation Limited
Tangible Asset
Market Correlation Low Low High

Exit Strategy & Sales Objective

Our Objective

Complete horizontal improvements and environmental mitigation, deliver 15 fully finished estate lots at an estimated $365K–$465K per lot in development cost, and then sell the lots individually or in builder packages in the $600K–$950K range—creating room for $1.8M–$3.5M+ custom homes within a one-of-a-kind preserve setting.

Target Buyers

High-net-worth custom home clients and builders seeking large Granite Bay view lots with entitlement and biological risk already resolved

Product

15 custom home sites, 1.15–2.4 acres, gated access, adjacent to Los Lagos equestrian and Folsom Lake SRA, wrapped around a 10-acre preserve

Data Verification Status

Legal & Title 95%
ROS 2469 Q-78 Map APNs Title Report
Entitlements 90%
VTM Approved Extension CEQA Full COAs
Engineering 45%
Fees Confirmed ROM Estimate Barcelona
Market Data 85%
MLS Comps Los Lagos Sales Demographics
Fire & Insurance 25%
Fire Marshal Insurance Letter
Investor Data Room

Access Full Documentation

All source documents, financial models, and due diligence materials

Next Steps

Ready to Learn More?

Three ways to get involved

Schedule a Call

30-minute overview with the sponsor team

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Full investment memorandum PDF

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Partner With Us

Builder, broker, or capital partner inquiry

Contact Us
invest@vistalakeestates.com
Available upon request
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