Best way to sell 60 acres of Land in California

[Cathie Bryant]

Looking for advice on selling 60 acres in California that is currently zoned Rural Restrictive. It is my father in laws property.  Informed we could apply for a zoning change at a cost of around $9-$10k for subdivision up to 99 parcels. (More is possible also for a higher fee). But that it’s subject to the subdivision map act (going to be researching what that is today).
Wondering if that is worth doing, if it would make the property more valuable to potential buyers. And if so, how much more valuable?

Also wondering if I should contact developers/home builders to see if they might be interested in the property. 

There is a home on the property that isn’t in the best condition that a family member resides in. Thinking if we could sell to a developer/home builder we could put a condition in the sale that one of the homes they build can be for this family member to have and move into. 

Thinking if we divided into .25 acre lots, that could be enough for a developer to build around 220- 240 homes. (220 homes for $800k = $176 million potential for a developer).

Ive only ever dealt with Real Estate in the aspect of homes. Never land, and in California. So this is all new territory for me, and would appreciate any suggestions and advice. 

Thank you,

[Jay Hinrichs]

Depends on location. Also sub map act is going to require and EIR.

and permiting will take years. And cost hundreds of thousands.

If your not getting letters now from builder developers your land probably is not prime yet.

Also you have to deduct open space and road ways from your density calcs..

I would start by talking to a REALLY experienced RE Broker that works for builder developers most will know where the valuable land is.