The Seaside School District has sold the former high school to TM Development LLC for $3.2 million.

Registered agents of TM Development include business owners Tom Utti, Mark Utti and attorney Jeremy Rust.

“They do not have any immediate plans that I’m aware of for the property,” said Mark Popkin, a real estate agent representing the buyers.

At the school district’s December meeting, Brian Taylor, the school board chairman, said the sale comes after almost three years on the market. The high school and other district schools closed and were put up for sale as the school district built a new, bond-financed campus outside the tsunami inundation zone.

“We’re very excited,” Taylor said in granting Superintendent Susan Penrod the authority to negotiate and execute the sale.

“We are happy to complete the sale of the district’s former high school,” Penrod said. ”We wish the new owner great success in their development of the property.”

The 102,000-square-foot high school building sits on 12 acres on N. Holladay Drive. The medium-density single-family zone allows 10 homes per acre, with some multifamily homes. Outright permitted uses for the property include homes, gardens, family care, residential home care and day care, among others. Churches, schools, parks, utilities and government buildings are allowed subject to a conditional use permit.

Three additional ocean view parcels with about 32,500 square feet zoned for medium-density residential are located on N. Holladay Drive by the estuary. The school district authorized a purchase once before, in 2020, but the deal didn’t go through.

In 2021, the city received several acres at the north end of the former high school campus, referred to as the “North 40.” The land will remain fields and parkland.

“We have moved all school materials and equipment out of the building,” Penrod said. “The buyer purchased the remaining materials.”

City Planning Director Kevin Cupples said earlier this month that there have been no plans submitted yet for development of the high school property. A prior interested party had discussed a development plan, but “that concept is dead as far as I know,” he said.