$2,900,000
$3,700,000
21.6%For more information regarding the value of a property, please contact us for a free consultation.
42.18 Acres Lot
SOLD DATE : 05/31/2024
Key Details
Sold Price $2,900,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21217829
Sold Date 05/31/24
HOA Y/N No
Lot Size 42.180 Acres
Property Description
This is an incredible opportunity to own a beautiful 43 acre property, consisting of 2 parcels. The lots are flat and zoned RL (Residential Low Density). This zoning allows single family homes, modular homes and townhomes, at an allowed density of 2.1 - 5 dwelling units per acre, allowing for a total of 90 - 215 dwelling units to be developed on the lots. There is an expired tentative tract map for 140 single family lots. The tentative tract map still complies with the current zoning, and it’s estimated it will take approximately six months to one year to bring the project to final recording. The property is surrounded by newer single family tract home developments that have been selling quickly. Furthermore, there is a new middle school currently in construction across the street, through the San Jacinto School District, with completion and enrollment scheduled for 2021.
These lots are next to Mount San Jacinto State Park, and close to the Gilman Hot Springs, located in the rural and serene San Jacinto area, just far enough from everything to feel like you’re in the county, but still accessible to modern day amenities. The vacant lot is 10 minutes to the Soboba Casino Resort, Soboba Springs Golf Course, Golden Era Golf Course and the Mount San Jacinto College. Additionally, the property is only 1 1/2 hours from business and high job centers, such as Orange County, San Diego and Los Angles. Furthermore, it's less than 45 minutes to San Bernardino, Temecula wine county, as well as Palm Springs and the Coachella Valley. This is an exceptional opportunity to purchase a 43 acre development site in a quickly appreciating area in Southern California.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning A210
Interior
Fireplace No
Exterior
Fence Chain Link
Community Features Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
View Y/N Yes
View Neighborhood
Building
Lot Description 2-5 Units/Acre, Agricultural, Corner Lot, Horse Property, Lot Over 40000 Sqft, Street Level, Value In Land
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 436280007
Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Submit
Horse Property Yes
Listing Terms Cash, Cash to New Loan, Owner May Carry, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Dave Harbour • WD Land
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Broker Associate | Lic# 01905244