$1,200,000
For Sale

Cherry Street

Wildomar, CA 92595
2.37 acres | #OC23222337
Listing OfficeKeller Williams Corona Market Center
Type:Purchase
Structure:Land
Zone:Residential

Description

ATTENTION BUILDERS..INVESTORS..DEVELOPERS. This OPPORTUNITY is for you. Prime 2.37 Acre Lot with Approved Tentative Track Map to build 10 stunning single-family homes in the picturesque city of Wildomar. With breathtaking mountain views and a highly desirable location on the corner of Cherry Street and Waite Street, this property offers immense potential for a lucrative real estate venture. Property Details: - Size: 2.37 acres (103,237 square feet) Zoning: Residential - Approved Tentative Track Map - Preliminary Three Layout Plans for Two-Story Homes - Mountain Views and Scenic Surroundings - Convenient Access to Major Highways and Amenities Development Potential: The approved tentative track map allows for the construction of 10 single-family homes on this expansive lot. You will have a head start on creating an exceptional residential community that caters to today's homebuyers. Wildomar is a highly sought-after area, and the completion of this project is estimated to yield an approximate sale price of $7,500,000 after construction. Key Highlights: - High Growth Area with Strong Market Demand - Picturesque Mountain Views Enhance Appeal - Ideal Location on Corner Lot for Maximum Exposure - Proximity to Schools, Shopping Centers, and Recreation Facilities - Easy Access to Major Highways for Commuting Don't miss out on this incredible opportunity to invest in Wildomar's thriving real estate market. Whether you're an experienced developer or someone looking to capitalize on the demand for quality homes, this 2.37 acre lot with an approved tentative track map is the perfect canvas for your next success story.

  • Property Details
      • Lot DescriptionTwoToFiveUnitsAcre, LotOver40000Sqft, Level
      • ViewMountains
    • Measurements
      • Acres2.37
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricityAvailable, SewerAvailable, WaterAvailable
      • Utility SourcePublic
      • Sewer InformationOther
  • Community and Neighborhood Details
      • CountyRiverside
  • Financial Details
      • Original List Price$1,100,000
  • Other
      • MLS #OC23222337

Location

Rami ElminoufiReal Estate Group
$
years

Down Payment

$
%
20.0%

Interest Rate

%
5.0%

Tax Rate

%
1.3%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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