Located just off dreamy Live Oak Canyon Road, this parcel is 13.4 acres of precious raw, rural land in Orange County that has been in the same family for decades and is now available for the first time in over 40 years. Build an equestrian dream home overlooking the rural canyon, use it for conservation or mitigation banking purposes or - keep it as is and preserve it for future generations. This property has rolling hillsides, oak canyons, and views that stretch for miles, all located within a short drive to Rancho Santa Margarita & Mission Viejo. Get the best of both worlds - rugged and raw living only minutes from shopping, dining, grocery stores, great schools, and hiking & biking trails. The 241 toll road is less than 10 minutes away - get away to the beach or business centers of Irvine & Newport Beach in 20 - 30 minutes. The property is subject to the "Foothill/Trabuco Specific Plan" (FTSP) which was crafted to preserve the character of the canyons; the FTSP limits the uses of the property but ensures that the canyon areas will be developed responsibly and stay beautiful for generations to come. Development of three (3) dwelling units is allowed per the FTSP, subject to satisfying the other requirements of the FTSP.