A 65-acre site situated within the Clonburris Strategic Development Zone (SDZ) has gone on the market for €27.5m.
The site and neighbouring lands were designated as a SDZ in December 2015 by the council and has fast-track planning permission for up to 950 homes.
It is expected to be contested fiercely for by investors and developers.
Clonburris SDZ, which will be located between Lucan, Clondalkin and Liffey Valley, will eventually contain 8,400 homes to house up to 21,000 people with 2,700 available for social and affordable housing.
Last June 2018 South Dublin County councillors voted by 24 to 9 to approve plans for the Clonburris SDZ.
The following month councillors Francis Timmons, Liona O’Toole Guss O’Connell and Paul Gogarty lodged an appeal with An Bord Pleanala in relation to the plans.
The ABP oral hearing, which lasted three days, concluded at the end of January and a decision is not expected for a few months.
The lands have been designated by the government as a Major Urban Housing Development Site and will have 90 hectares of parks, 7,300 sq/m of community space and three times that in retail floorspace.
The guide price breaks down to c. €423,000 per acre or €30,000 – €32,000 per plot.
Speaking after the announcement of the site being brought to market, Nicky Conneely from selling agents Savills said: “The SDZ designation of these lands will enable fast-track development of much-needed residential accommodation, which makes this opportunity quite unique.
“The ability to delivery up to 950 units provides an unrivalled opportunity for developers.”