14.62 Acres Lot
14.62 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25053641
HOA Y/N No
Lot Size 14.620 Acres
Property Description
The parcel was previously entitled, but the map expired. Much of the work is done, and the entitlement time is expected to be less than a year. Surrounding this parcel, you'll find a dynamic mix of properties, either fully entitled for residential projects or actively moving through the entitlement process, with the possibility of assembling more than 500 units. This is a clear sign of the area's growth potential and your opportunity to be part of it.
Location: Situated to the east of the City of Menifee in the unincorporated community of Winchester, this property offers unparalleled convenience. New homeowners will reach the property via the 215 Freeway to the west or Highway 79 to the east. The property is accessed by exiting the 215 Freeway at Newport Road and traveling east to Domenigoni Parkway. Homebuyers will exit Domenigoni Parkway at the signalized intersection of Leon Road, go north to Simpson Road, and east on Olive Avenue until passing Dawn Lane. The property is on the left. Drivers can also access the 215 Freeway via McCall Road to the north. Diamond Valley Lake, a popular local attraction, is less than five miles to the east, adding to the area's appeal.
Tentative Map: The property qualifies for the streamlined entitlement process under SB 330. The tentative map processing time is expected to be less than a year.
Flood Control: The Development of this property and the surrounding properties requires constructing an area flood-control structure known as Line A. The seller and surrounding owners recently executed an easement agreement and cost-sharing agreement to construct the facility. The subject property's only contribution to this facility is granting an easement. In exchange for the easement, the agreement exempts this property from participating in any costs associated with the design or construction of the channel and requires the excavated dirt to be stockpiled on the property. These two provisions offer this property a unique advantage by reducing the overall completion cost.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R-1
Interior
Fireplace No
Exterior
Fence None
Community Features Biking, Fishing, Golf, Rural, Storm Drain(s)
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N No
View None
Present Use Agricultural
Building
Lot Description 2-5 Units/Acre, Agricultural
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 462050015
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/video/54fb1fe4a9c01m1hv/Olive/
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com