See all 11 photos
11 photos
Additional details
Listed by Shawn Smithson • Re/Max One
$7,900,000
Est. payment /mo
6,040,029 SqFt
UPDATED:
10/28/2024 05:39 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,040,029 sqft
Price per Sqft $1
MLS Listing ID CRLG20034756
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 138.660 Acres
Property Description
138.66± ACRES in MENIFEE VALLEY, SOUTHWEST RIVERSIDE COUNTY, SOUTHERN CALIFORNIA. Fantastic for Tract Development. Discover a unique investment opportunity with this huge rural residential property in the burgeoning area of Homeland, situated centrally between San Jacinto and Menifee Valleys. This prime tract includes 19 separate parcels, offering versatile options for development, whether you envision a new home tract, a horse ranch, or a combination of both. The area is experiencing rapid growth with a high demand for new housing, making this property a strategic investment. Previously, an expired tentative tract map from 2014 proposed 176 homes on 101 acres with 8,000± sq. ft. lots. Given the current market conditions and demand, there is potential to develop 200+ homes on this site. Currently utilized as a serene RETREAT, the property features a charming RANCH HOME, various OUTBUILDINGS, a working tax-deductible VINEYARD, multiple FRUIT TREES, and (4) FOUR WATER WELLS, ensuring a sustainable and self-sufficient environment. The 19 parcels included in this sale provide great flexibility: use all 19 for a large-scale residential project or resell individual parcels to offset development costs. This growing area is surrounded by ongoing redevelopment, including commercial and
Location
State CA
County Riverside
Interior
Fireplace No
Exterior
View City Lights, Hills, Valley, Other, Orchard, Vineyard
Building
Lot Description Agricultural, Corner Lot, Cul-De-Sac, Horses Possible, Irregular Lot, Level, Other, Paved
Water Public
Read Less Info
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Get More Information