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1 Palomar Street, Wildomar, CA 92595
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$2,500,000
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Home Details for 1 Palomar Street
Price
$2,500,000
Type
Lots/Land
Lot Size
10.49
County
Riverside
Tax
$19,897
MLS®️ Listing#
SW23108050
On exitrealty.com
786 days
Property Description
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
- Utilities
- Electricity Available
- Sewer Available
- Water Available
- Water Features
- Public
Listing Courtesy: Realty ONE Group Southwest - 951-813-9009. Presented by: Corinne Berge and Barbara Tobin
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-14 14:46:08 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.
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$2,500,000
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.