Pending
1 Palomar Street
Wildomar CA, 92595
$2,500,000
$5.47 per sqft
Pending
10.49 Acres
Land
Listed by Corinne Berge with Realty ONE Group Southwest 951-813-9009
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
SW23108050
MLSⓇ ID
June 21, 2023
Listed
November 22, 2024
Updated
Map
1 Palomar Street
Wildomar CA, 92595
Exterior/Building Features
Lot Size
10.49 Acres
Lot Features
Value In Land, Gentle Sloping
Sewer
Public Sewer
Other Property Details
Area Name
SRCAR - Southwest Riverside County
Taxes
$19,897
Tax Frequency
Annually
Days on Market
251
Garage
No
View
Yes
View Description
Hills, Neighborhood
County
Riverside
Water Source
Public
Pool
No
Zoning
RR/C1-CP
Listing History
Date | Event | Price |
---|---|---|
10/17/2024 | Pending | — |
2/29/2024 | Under contract | — |
Listing Contact: 951-216-2000
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Data last updated on 11/22/2024 at 7:35 PM UTC