Olive Avenue

Winchester, CA 92596

  • 0 Sqft
  • 636847
    Sqft(Lot)
$6,150,000

Description

Overview: uncover the potential of approximately 19.6 acres of prime land in winchester, california, just east of the vibrant city of menifee. nestled in the heart of south riverside county's booming growth corridor, this land is a promising investment for residential development. the owner has begun entitling this property for a 60-lot residential development.



the parcel was previously entitled, but the map expired. much of the work is done, and the entitlement time is expected to be less than a year. surrounding this parcel, you'll find a dynamic mix of properties, either fully entitled for residential projects or actively moving through the entitlement process, with the possibility of assembling more than 500 units. this is a clear sign of the area's growth potential and your opportunity to be part of it.



location: situated to the east of the city of menifee in the unincorporated community of winchester, this property offers unparalleled convenience. new homeowners will reach the property via the 215 freeway to the west or highway 79 to the east. the property is accessed by exiting the 215 freeway at newport road and traveling east to domenigoni parkway. homebuyers will exit domenigoni parkway at the signalized intersection of leon road, go north to simpson road, and east on olive avenue until passing dawn lane. the property is on the left. drivers can also access the 215 freeway via mccall road to the north. diamond valley lake, a popular local attraction, is less than five miles to the east, adding to the area's appeal.

tentative map: the property qualifies for the streamlined entitlement process under sb 330. the tentative map processing time is expected to be less than a year.



flood control: the development of this property and the surrounding properties requires constructing an area flood-control structure known as line a. the seller and surrounding owners recently executed an easement agreement and cost-sharing agreement to construct the facility. the subject property’s only contribution to this facility is granting an easement. in exchange for the easement, the agreement exempts this property from participating in any costs associated with the design or construction of the channel and requires the excavated dirt to be stockpiled on the property. these two provisions offer this property a unique advantage by reducing the overall completion cost.

  • Property Type

    Land

  • County

    Riverside

  • Style

    Land

  • AD ID

    48926976

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 14.62
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 636847

  • Listing Price Information

    • Original List Price: 6,150,000
    • Listing Contract Date: 2025-03-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 462050015

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: SRCAR - Southwest Riverside County
    • Directions: Exit Interstate 215, east on Newport Road to Domenigoni Parkway, north on Leon Road, East on Olive. Property is on north side of Olive Avenue.
    • Zoning: R-1
    • Source Property Type: Land
    • Area: SRCAR - Southwest Riverside County

    Building and Construction

    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 04/07/2025 @ 02:54

  • MLS: OC25053641
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 636,847 sized lot, and 0 parking. are nearby neighborhoods.