20.74 Acres Lot
20.74 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Rancho Glenoaks
MLS Listing ID SW26084085
HOA Fees $238/mo
HOA Y/N Yes
Lot Size 20.740 Acres
Property Description
With all ~21 acres now designated as “least sensitive”, this property is in the process of being divided into 4 separate 5-acre parcels, with each of the 3 additional projected pads having Top of The Hill Views and ranging between 15,000-22,000 sqf of flat/usable/buildable surface. 5 acres is the minimum size, and most recent sales with similar views have been at 449k and 530k.
This amazing Property offers various lucrative opportunities: (1) Build your custom home, guest houses/ADUs, workshop/barn, and grow a Vineyard or Orchard on the remaining land; (2) Complete the Split and sell off 3 lots, with proceeds covering the cost of the parcel you keep, and funding part your construction; (3) Take it a big step further and build Spec Homes on each lot, with the potential of 6-7-figure profits per lot.
HOA dues are just under $200/per acre/per year. HOA is actively exploring PAVING OF THE ROADS, expected to happen in the next 1-2 years, and thus increasing the value and desirability of the properties even more. Even if you do nothing but holding, the value of your property will grow given the scarcity and future road improvement.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R-R
Interior
Fireplace No
Exterior
Community Features Foothills, Horse Trails, Mountainous, Rural
Utilities Available See Remarks, Water Available
View Y/N Yes
View City Lights, Hills, Lake, Meadow, Mountain(s), Neighborhood, Orchard, Panoramic, Valley, Vineyard, Trees/Woods
Building
Lot Description Corners Marked, Value In Land
Water Public, Other, See Remarks
New Construction No
Others
HOA Name Rancho Glenoaks
Senior Community No
Tax ID 915560007
Acceptable Financing Cash, Conventional, Owner May Carry, Submit, USDA Loan
Listing Terms Cash, Conventional, Owner May Carry, Submit, USDA Loan
Special Listing Condition Standard
Nearby Locations
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