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$7,900,000
Est. payment /mo
138.66 Acres Lot
UPDATED:
10/29/2024 02:20 AM
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID LG20034756
HOA Y/N No
Lot Size 138.660 Acres
Acres 138.66
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 medical facilities, shopping centers, and significant industrial projects. Conveniently located near the prestigious Sky Mesa Ranches gated community, known for its custom five-acre estates, with additional homes planned for the future. Just minutes from Lake Perris for recreational activities such as f
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 medical facilities, shopping centers, and significant industrial projects. Conveniently located near the prestigious Sky Mesa Ranches gated community, known for its custom five-acre estates, with additional homes planned for the future. Just minutes from Lake Perris for recreational activities such as fishing and boating, and with easy access to I-215, Ramona Expressway, and Hwys 74 & 79. Ideally positioned for developers and builders. OWN these 138.66+- ACRES. Exceptional opportunity in a rapidly expanding area Call and schedule a visit to see the potential of this prime land today!
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 medical facilities, shopping centers, and significant industrial projects. Conveniently located near the prestigious Sky Mesa Ranches gated community, known for its custom five-acre estates, with additional homes planned for the future. Just minutes from Lake Perris for recreational activities such as fishing and boating, and with easy access to I-215, Ramona Expressway, and Hwys 74 & 79. Ideally positioned for developers and builders. OWN these 138.66+- ACRES. Exceptional opportunity in a rapidly expanding area Call and schedule a visit to see the potential of this prime land today!
Location
State CA
County Riverside
Area Riv Cty-Homeland (92548)
Exterior
Fence Cross Fencing, Other/Remarks
Community Features Horse Trails
Complex Features Horse Trails
Building
Lot Description Corner Lot, Cul-De-Sac
Lot Size Range 20+ AC
Others
Miscellaneous Horse Allowed,Horse Facilities,Value in Land
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
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Listed by Shawn Smithson • Re/Max One
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878