Under contract

Active Under Contract

1 Palomar Street

Wildomar CA, 92595

$2,500,000


$5.47 per sqft

Under contract

Active Under Contract

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

October 11, 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

477


Garage

No


View

Yes


View Description

Hills, Neighborhood


County

Riverside


Water Source

Public


Pool

No


Zoning

RR/C1-CP

Listing History

Date

Event

Price

2/29/2024

Under contract

Listing Contact: 951-216-2000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/11/2024 at 11:26 AM UTC

 

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