See all 8 photos
8 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,200,000
Est. payment /mo
2.37 Acres Lot
UPDATED:
12/04/2024 11:16 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC23222337
HOA Y/N No
Lot Size 2.370 Acres
Property Description
ATTENTION BUILDERS..INVESTORS..DEVELOPERS. This OPPORTUNITY is for you. Prime 2.37 Acre Lot with Approved Tentative Track Map to build 10 stunning single-family homes in the picturesque city of Wildomar. With breathtaking mountain views and a highly desirable location on the corner of Cherry Street and Waite Street, this property offers immense potential for a lucrative real estate venture. Property Details: - Size: 2.37 acres (103,237 square feet) Zoning: Residential - Approved Tentative Track Map - Preliminary Three Layout Plans for Two-Story Homes - Mountain Views and Scenic Surroundings - Convenient Access to Major Highways and Amenities Development Potential: The approved tentative track map allows for the construction of 10 single-family homes on this expansive lot. You will have a head start on creating an exceptional residential community that caters to today's homebuyers. Wildomar is a highly sought-after area, and the completion of this project is estimated to yield an approximate sale price of $7,500,000 after construction. Key Highlights: - High Growth Area with Strong Market Demand - Picturesque Mountain Views Enhance Appeal - Ideal Location on Corner Lot for Maximum Exposure - Proximity to Schools, Shopping Centers, and Recreation Facilities - Easy Access to Major Highways for Commuting Don't miss out on this incredible opportunity to invest in Wildomar's thriving real estate market. Whether you're an experienced developer or someone looking to capitalize on the demand for quality homes, this 2.37 acre lot with an approved tentative track map is the perfect canvas for your next success story.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R-1
Interior
Fireplace No
Exterior
Fence None
Community Features Mountainous
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Mountain(s)
Present Use Residential
Building
Lot Description 2-5 Units/Acre, Lot Over 40000 Sqft, Level
Sewer Other
Water Public
New Construction No
Others
Senior Community No
Tax ID 366280022
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
Read Less Info
Listed by Raghda Ali • Keller Williams Realty • 714-332-9993