0 Diamond Valley Rd Hemet, CA 92543

This exceptional 10.59-acre parcel presents a remarkable residential development opportunity in the desirable Diamond Valley area of Hemet, California. Located in an unincorporated area of Riverside County, this property boasts a prime location at the southwest corner of Newport Road and State Street, offering convenient access to Highways 74 and 79. The land is zoned for residential use, with a minimum lot size of two acres, allowing for the creation of an exclusive estate residential subdivision. The current zoning permits the development of multiple, spacious homes. Market analysis indicates that resale home prices on two-acre lots in this area range from $350 to $420 per square foot, suggesting significant potential for return on investment. The property's proximity to Diamond Valley Lake and nearby recreational areas adds to its appeal, providing future residents with access to outdoor activities and stunning natural beauty. This is a rare chance to acquire a substantial land holding in a highly sought-after location, ideal for discerning developers seeking to create a prestigious residential community. The asking price for this exceptional property is $549,000. The property's address is Diamond Valley Rd, Hemet, CA 92543, within Riverside County.