0 Olive Avenue
Winchester, CA 92596
- – beds
- – baths
- – sqft
- ~19 acre lot
- – on site
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.
Last checked:
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Last updated Mar 15, 2025
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MLS# OC25053641 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Financial & Terms
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Disclosures:Listing Broker Advantage, Unincorporated
Location
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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.
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Latitude:33.70078100
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Longitude:-117.10745500
The Property
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Property Type:Land
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Improvements:None
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Zoning:R-1
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Lot Features:2-5 Units/Acre, Agricultural
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Lot Size Area:19.0000
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Lot Size Acres:19.0000
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Lot Size SqFt:827640.00
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Lot Size Source:Assessor
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View:None
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Fencing:None
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Current Use:Agricultural
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Possible Use:Seller has started mapping the property for 60 single-family homes on approximately 7,000 square foot lots
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Possible Use:Residential
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Additional Parcels:Yes
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Additional Parcels Description:462050006
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:15
The Listing
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Special Listing Conditions:Standard
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Parcel Number:462050015
Utilities
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Utilities:Electricity Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Biking, Fishing, Golf, Rural, Storm Drains
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Association:No
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Senior Community:No
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Distance To Water Comments:1000
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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3/11/25
Mar 11, 2025
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Listed / Active | CRMLS_CA | $6,150,000 |