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    Montana St Menifee, CA 92587

    Sponsored
    For Sale
    $249,000

    7.76 Acres, Canyon Lake Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.76-acre property in Menifee, California, presents a remarkable investment opportunity. Comprising two adjacent parcels (APN 350140007, Lot 348: 2.20 acres on Montana St; Lot 304: 5.47 acres on Ohio Place), this land boasts stunning Canyon Lake views. Both lots are situated at the end of paved cul-de-sacs, with water and electricity readily available in the streets. Recorded easements provide access to hilltop building sites. Zoned RM (Residential Mountainous), the City of Menifee permits one single-family residence, one 1,500 sq ft Accessory Dwelling Unit (ADU), and one 500 sq ft Junior ADU per lot, totaling three units per lot. The "Quail Valley Sewer Improvement Project," funded by the Eastern Municipal Water District, is underway, offering septic-to-sewer conversion at no cost to residents upon connection. Conveniently located off Goetz Rd. in the Quail Valley community, this property enjoys proximity to Goetz Rd., Railroad Canyon Rd., Highway 74, I-15, and I-215, providing easy commutes. The Menifee School District serves the area, and nearby amenities include shopping, services, schools, and the recreational opportunities of Lake Elsinore. Conceptual plans are available, showcasing potential development options. Buyers are advised to conduct their own due diligence. This is a truly unique opportunity to build your dream home(s) with breathtaking views.

    Property Features for 0 Montana St

    General Information

    Property type
    Land
    Lot Size
    338,026 SF

    HighLights

    • $249,000 asking price for 7.76 acres of residential land.
    • Located in Menifee, CA (Riverside County), APN 350140007.
    • RM zoning allows for up to three dwelling units per lot (one SFR, one 1500 sq ft ADU, one 500 sq ft Junior ADU).
    • Property consists of two adjacent lots (2.20 acres and 5.47 acres) with water and electricity at the street.
    • Canyon Lake water views; convenient access to major roadways (Highway 74, I‑15, I‑215).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.2552306
    Latitude
    33.7107332

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    FAQs

    What type of property is this?
    Land - 7.76 Acres, Canyon Lake Views
    Where is this land located?
    The property is located at Montana St Menifee, CA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: $249,000 asking price for 7.76 acres of residential land.; Located in Menifee, CA (Riverside County), APN 350140007.; RM zoning allows for up to three dwelling units per lot (one SFR, one 1500 sq ft ADU, one 500 sq ft Junior ADU).
    (949) 371-5569
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    Montana St Menifee, CA 92587
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Montana St Menifee, CA 92587
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