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Property

Winchester, CA 92596 0 Olive Avenue

0 Olive Avenue Winchester, CA - Image 10 Olive Avenue Winchester, CA - Image 20 Olive Avenue Winchester, CA - Image 3
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0 Olive Avenue Winchester, CA - Image 40 Olive Avenue Winchester, CA - Image 50 Olive Avenue Winchester, CA - Image 60 Olive Avenue Winchester, CA - Image 70 Olive Avenue Winchester, CA - Image 80 Olive Avenue Winchester, CA - Image 90 Olive Avenue Winchester, CA - Image 100 Olive Avenue Winchester, CA - Image 110 Olive Avenue Winchester, CA - Image 120 Olive Avenue Winchester, CA - Image 13
Presented By: Harry Fotinos with Harry Fotinos, Broker; 6192062655
  • MLS# OC25053641
  • 03/11/2025
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Home Details

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.
Presented By: Harry Fotinos with Harry Fotinos, Broker; 6192062655

Interior Features for 0 Olive Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 0 Olive Avenue

Additional Parcels Description462050006
Additional Parcels Y/NYes
Attached Garage No
Carport Y/NNo
CityWinchester
Community FeaturesBiking, Fishing, Golf, Rural, StormDrains
CountyRiverside
Current FinancingNone
Current UseAgricultural
DirectionsExit Interstate 215, east on Newport Road to Domenigoni Parkway, north on Leon Road, East on Olive. Property is on north side of Olive Avenue.
DisclosuresListingBrokerAdvantage, Unincorporated
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Exchange1031
Lot Size Square Feet827640.0
Lot Size UnitsAcres
MLS AreaSRCAR - Southwest Riverside County
MobileHomeRemainsYNNo
New ConstructionNo
Possible UseResidential
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot15
UtilitiesElectricityAvailable, SewerAvailable, WaterAvailable
ViewNone
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
ZoningR-1

Exterior for 0 Olive Avenue

Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, Agricultural
Lot Size Acres19.0
Lot Size Area19.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $6,150,000
MLS#OC25053641
List Date 03/11/2025
Property Type Land
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