For Sale
$850,000

0 Raveta Ln LkLake Elsinore, CA 92530

2-acre residential lot, stunning views, 10-home potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional opportunity to develop a residential project on this 2.08-acre lot in desirable Lake Elsinore, CA (92530). The property boasts breathtaking views and is zoned R1, allowing for up to 10 residential units (based on 7 DU per acre zoning). This prime location offers excellent development potential, with existing homes in the area valued at $600,000 and above. Conveniently situated less than 5 minutes from the I-15 Freeway and under 7 minutes from Ortega Highway 74, providing easy access to Orange County. Utilities are readily available nearby on Mountain Street. The parcel benefits from its proximity to a planned 6-acre commercial development to the south, featuring approximately 32,000 square feet of retail space, including a fuel station, various retail buildings, a quick-serve restaurant, and a drive-thru restaurant. This development is currently undergoing final entitlement. This exceptional property presents a rare chance to capitalize on the strong demand for residential housing in this thriving area. The asking price is $850,000.

Property Details for 0 Raveta Ln Lk

Property type
Land
Lot Size (sq. ft)
90,605 SF

Location Insight

City
Lake Elsinore
County
Riverside
State
California
Latitude
33.6392361
Longitude
-117.3851496
Raveta Ln Lk, Lake Elsinore, California

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0 Raveta Ln Lk
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