With frontage on Live Oak Canyon Road, this 9.5-acre parcel has been in the same family for decades and is now available for the first time in over 50 years. Build an equestrian dream home, use it for conservation or mitigation banking purposes or - keep it and preserve it for future generations. Located within a short drive to Rancho Santa Margarita & Mission Viejo, this canyon property offers the best of both worlds - rural 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 zoned for residential & equestrian use and is subject to the regional "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.