DEVELOPERS/Investors Amazing opportunity to develop this property into high-end equestrian estates. The Property is in the heart of Southern California's Temecula Wine Country and due to its unique location in the Valle de los Caballos, it offers multiple panoramic view locations. Known to locals as The Hat Ranch, there is local history associated with growth of the equestrian aspect of Wine Country. There is a total of 3 parcels included in this sale for 144 + or - acres which is entirely in the Wine Country - Equestrian zone (WC-E). With access to a main thorough fare, it is well positioned for easy access to retail, highways, entertainment as well as easy access to the property if developed to attract visitors. Consider this parcel with high end Winery and/or an equestrian facility, large enough to hold events, including a perfect setting for a romantic wedding venue. Approximately 1200' frontage on De Portola Rd one of the most heavily traveled roads in Temecula Wine Country. Close proximity with tremendous views of the world class Galway Downs Equestrian and event center as well as the California Ranch Company equestrian training and show facility. The property is surrounded by Horse Ranches, Estate Homes and a very short distance to some of Temecula's finest Wineries. Few miles to Old Town Temecula and Pechanga Casino. It is not uncommon to see hot air balloons floating over the property. There is a main home that requires major renovation, a smaller property manager's home that is occupied, turn out paddocks and a 5 stall barn with tack room. There are a 3 and a 1.5 water meters, and electricity on the property, 2 septic systems, gas line near the property in the street. Several mature Olive trees and native pepper trees line the roads. Property has structures on them, however due to amount of land and condition of the homes, its best use is considered to be development.
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|7/26/2022 7:02:00 PM||New Value: $11,000,000|