Nuevo/Lakeview, CA 92567
$984,900
Mark Quesada
Broker / Owner
DRE #02101365
Outstanding development opportunity in the high growth city of Nuevo! This lot is almost 4 Acres of flat land, neighboring single family homes and properties of residential use. Zoned R-1 with potential to build a single family homes subdivision community. There was a previously submitted proposal to the Riverside County Planning Department to subdivide each parcel to approximately 20,000 SF to then build residential housing. The average price for new construction homes in the area are selling at $290/PSF or $550k. TIMES that by the amount of lots to be subdivided to equal your gross potential market value. The property is located near the 215 freeway, Ramona Expressway, Lake Perris, and Diamond Valley Lake. Don’t miss this great opportunity!
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$7,402/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Chris Flores, F7 Realty
MLS# DW26000085 · Active
History reflects records reported to the MLS and may be incomplete.