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$ 6,150,000
Est. payment | /mo
19 Acres Lot
$ 6,150,000
Est. payment | /mo
19 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25053641
HOA Y/N No
Lot Size 19.000 Acres
Acres 19.0
Property Sub-Type Lots/Land
Property Description
Overview: Uncover the potential of approximately 19.6 acres of prime land in Winchester, California, just east of the vibrant City of Menifee. Nestled in the heart of South Riverside County's booming growth corridor, this land is a promising investment for residential development. The owner has begun entitling this property for a 60-lot residential development. 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 str
Overview: Uncover the potential of approximately 19.6 acres of prime land in Winchester, California, just east of the vibrant City of Menifee. Nestled in the heart of South Riverside County's booming growth corridor, this land is a promising investment for residential development. The owner has begun entitling this property for a 60-lot residential development. 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 propertys 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.
Overview: Uncover the potential of approximately 19.6 acres of prime land in Winchester, California, just east of the vibrant City of Menifee. Nestled in the heart of South Riverside County's booming growth corridor, this land is a promising investment for residential development. The owner has begun entitling this property for a 60-lot residential development. 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 propertys 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 Riv Cty-Winchester (92596)
Exterior
Utilities Available Electric
Building
Lot Size Range 10+ to 20 AC
Others
Monthly Total Fees $20
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Virtual Tour https://www.wellcomemat.com/video/54fb1fe4a9c01m1hv/Olive/
Listed by Harry Fotinos • Harry Fotinos, Broker