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$ 7,900,000
Est. payment | /mo
138.66 Acres Lot
$ 7,900,000
Est. payment | /mo
138.66 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG20034756
HOA Y/N No
Lot Size 138.660 Acres
Acres 138.66
Property Sub-Type Unimproved Land
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
Zoning R-R
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer, Water/Sewer See Remarks, Cable Connected, Electricity Connected, Propane, Sewer On Site, Telephone, Natural Gas Not Available, See Remarks
View Y/N true
View City Lights, Hills, Valley, Other, Orchard, Vineyard
Building
Lot Description Agricultural, Corner Lot, Cul-De-Sac, Horses Possible, Irregular Lot, Level, Other, Paved
New Construction No
Others
Tax ID 457120036
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Listed by Shawn Smithson • RE/MAX One