1 Palomar ST, Wildomar, CA 92595 - MLS#SW23108050

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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$2,500,000

Est. payment - /mo

10.49 Acres Lot

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UPDATED:

12/05/2024 05:34 AM

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SW23108050

HOA Y/N No

Annual Tax Amount $19,897

Lot Size 10.490 Acres

Property Description

This newly minted Residential POTENTIAL Development Property is being considered for upcoming re-designated by the City of Wildomar as MDR. Medium Density Residential. GREAT POTENTIAL FOR TWO HOMES EACH ON 33 LOTS. ADU PLUS A MAIN HOME. BUILDER OPPORTUNITY FOR SALE OR RENT. Wildomar is undergoing a General Plan Amendment. We have a potential lot lay out for 29 lots. Sewer is in Wesley and we have bee told on Palomar to the west.( Buyer to investigate) Buyer to determine which location works for the property development. Electricity fronts. Water is in Palomar but not sure what side of the street or if it is large enough line to service 29-33 homes. A fault study has been done. The lots would need to be a bit larger along the rear of the property because of larger lots adjacent. So the lots on our proposed layout range from 7,000 sq feet to 10,890 sq feet. The property is gentle to flat. Perfect opportunity for homes on average to larger lots, maybe room for RV Garages or ADUs. Great opportunity for two on one or for rent development.
368-060-011. is 4.78 acres. 368-060-012 is 4.78 acres. 368-060-025 is 0.41 acres. 368-060-026 is 0.52 Acres. 10.49 Gross Acres.

Seller may desire to do a 1031 Tax Deferred Exchange. COE may be subject to finalization of GPA to MDR

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning RR/C1-CP

Interior

Inclusions Fault Study

Fireplace No

Exterior

Fence None

Community Features Urban

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N Yes

View Hills, Neighborhood

Present Use Unimproved

Building

Lot Description Value In Land, Gentle Sloping

Sewer Public Sewer

Water Public

New Construction No

Others

HOA Name NA

Senior Community No

Tax ID 368060011

Acceptable Financing Cash, 1031 Exchange, Subject To Other

Listing Terms Cash, 1031 Exchange, Subject To Other

Special Listing Condition Standard

Lease Land No

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Listed by Corinne Berge • Realty ONE Group Southwest • 951-813-9009

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697