This exceptional 5.47-acre parcel in Menifee, California, presents a unique opportunity for development. Boasting breathtaking panoramic views of mountains, rivers, and Canyon Lake, this property is ideally situated in the Quail Valley Community off Goetz Road, providing easy access to Highway 74, I-15, and I-215. The lot is zoned RM (Residential Mountainous) and, according to the City of Menifee, allows for the construction of one single-family residence, a 1,500 sq ft. accessory dwelling unit (ADU), and a 500 sq ft. junior ADU—a total of three units. This makes it perfect for an extended family or as an investment property generating rental income. Conceptual plans, available for review, illustrate potential development possibilities. Water and electricity are readily available at the paved street. 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. Buyers are advised to conduct their own due diligence. This prestigious hilltop location offers a large building site with stunning views and is close to shopping, services, schools, and Lake Elsinore's family-friendly attractions. The Menifee Unified School District serves the area. An adjacent 2.20-acre lot on Montana Street (Parcel #348) is also available for purchase as a package deal. This represents a rare opportunity for owner-builders or developers seeking a prime location with exceptional views and development potential. APN: 350-140-007. Asking price: $150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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