The project site is located in El Dorado County, east-central California, just below the majestic Sierra Nevada mountain range.

El Dorado, Spanish for "Golden One," is one of the California gold rush counties connected by California Highway 49 which is named after the “49ers” the gold rush people, not the football team, and also known as the Gold Country Highway. Placerville, one of El Dorado County’s two cities, exploded with miners hoping to strike it rich around the 1850’s. Today it is the county seat and its downtown Main Street still has many beautiful landmarks displaying its early architecture and charm, preserving the rich history and culture of the region. It offers nearby tourist spots including Historic Hangtown, Apple Hill, Gold Bug Park & Mine, museums, and the El Dorado Wine Region which blends the magic of wine country with the magnificent Sierra Nevada backdrop.

Central location

With its western border touching California’s Central Valley, and its eastern boundary meeting Nevada high in the Sierra Nevada mountains overlooking Lake Tahoe, El Dorado County stretches across 90 miles of foothills, valleys and mountain peaks.

Two major highways, U.S. 50 and State Route 49, intersect the county at Placerville while State Route 88 establishes the county’s southern border with Amador and Alpine Counties. Interstate 5 and Interstate 99 in Sacramento are within 40 minutes of Placerville. This central west coast location offers one day automobile access to a variety of cities, including San Francisco (2.5 hours), San Jose (3.0 hours), Los Angeles (6.0 hours), Portland, Oregon (8.0 hours) and Reno, Nevada (1.5 hours).

1 mile north of Diamond Springs on California State Highway 49
3 miles off the freeway (Highway 50 and Missouri Flat Road)
3 miles South of Placerville on California State Highway 49
40 miles east of Sacramento, state capitol & major employment area
60 miles west of South Lake Tahoe, a major tourist destination
The county is currently widening & improving Highway 49 and has approved a new road development (Diamond Springs Parkway) to better connect Missouri Flat Road with Highway 49, intersecting exactly at our site

Area Growth & Development

There has been tremendous growth in the Placerville and Diamond Springs corridor along Missouri Flat Road over the last decade. Commercial projects in recent years have included the development of Walmart, Walgreen, Panda Express, Golden Shopping Center, the Safeway Center with Gas Station, Marshalls Clothing Store, Super K-Mart, Ross Store and several others, including the Red Hawk Casino, just 3 miles west of Missouri Flat Road on Highway 50.

Featured

$68 Million El Dorado Sheriff’s Complex

The recently completed Public Safety Facility is the largest capital project in the county’s history. The facility, which is just 2 miles from the project, employs roughly 400 staff members.

New Roads Leading to Piedmont Oak Estates

Construction is in full swing on the Highway 49 improvement project, between Diamond Springs and Piedmont Oak Estates.

A New Target Opened August 2020

A brand new Target took over the old Kmart store and opened its doors to customers in August 2020 after extensive renovations.

Housing Marketing Update // Q2 2020

In August 2020 the housing market in Placerville, CA was a seller’s market, which means there are more buyers than there are active homes for sale. Forecast and outlook for Sacramento’s real estate market suggest that it could be one of the hottest markets in California in 2021.

El Dorado DEMOGRAPHICS

Population: 192,843 (2019)
1. Households: 69,172
2. Persons Per Household: 2.7
3. Median Home Values Estimate: $505,154
4. Home Value Forecast: 4.7% (8/31/2021)
5. Average Household Income: $93,695
6. Owner-Occupied Housing Unit Rate: 77%
7. El Dorado County ranked 6th healthiest county in California

Sources: U.S. Censor Bureau, Zillow, EDC CA Housing Date and RE Research, www.edc.gov, niche