1 Palomar Street 368060011
Wildomar, CA, 92595
$2,500,000
Beds
0 Baths
SqFt
10.49 Acres
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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

Property Details

Price:
$2,500,000
MLS #:
SW23108050
Status:
Pending
Baths:
0
Address:
1 Palomar Street 368060011
Type:
Land
Neighborhood:
srcarsouthwestriversidecounty
City:
Wildomar
Listed Date:
Jun 21, 2023
State:
CA
ZIP:
92595
Lot Size:
456,944 sqft / 10.49 acres (approx)
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1292
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Electricity Available, Sewer Available, Water Available

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1 Palomar Street 368060011
Wildomar, CA