Courtesy of: Jeremie Tavisola | Realty ONE Group West
Purchase Type: Sale
MLS ID: SW19282171
Days On Market: 438
Lot size: 12.02
Property Type: Land
New Construction: No
Swimming Pool: No
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Address: 18975 Palomar Street
City: Lake Elsinore
Neighborhood: Srcar - Southwest Riverside County
Development Opportunity! 12 Lakeview acres on Rome Hill Rd and Palomar St in the Eastlake Specific Plan (“ELSP”) in Planning Area 3 (“PA3”). Currently zoned Medium Density Residential within the ELSP in PA3 with a Mixed Use Overlay; the 3 lot assemblage w/in the ELSP in PA3 with a Mixed Use Overlay allows for residential development up to 18 du/acre and multiple varied commercial uses.
Best view property left in Lake Elsinore. Rapidly growing location. Close to utilities, new nearby schools, churches, shopping, public transportation, and housing developments. 3 contiguous parcels situated off Grand Avenue.
A 3 lot assemblage, APN's: 371-110-023, 371-110-024, and 371-110-006 is available. Amazing Lake and Mountain Views due to elevation, perfect for Lakeview development. Minutes from Ortega Highway(Cleveland Forest) leading to Orange County and the I-15 for easy access to Riverside, Orange, San Bernardino, & San Diego Counties. Rapidly growing area demands additional housing, due to, not only the expansion of Lake Elsinore, but also all of the surrounding areas. Lake Elsinore master plan is in place & moving forward. Main Street is progressing quickly with new hardscape/ landscaping. Plans for a pier in the existing Marina with Ferris Wheel & other attractions, in addition to new commercial projects, are bringing home buyers to the area. The limited existing & new housing demands for additional development. Lake Elsinore is renown for its recreational activities.