RARE I-15 CORRIDOR INFILL OPPORTUNITY
Saddleback Phase 2 is a residential development opportunity located in Temescal Valley within Unincorporated Riverside County. The Property is the remaining phase associated with the broader Tract 30760 / Solara community and is located between the established Horsethief Canyon and Sycamore Creek master-planned communities.
The Property was previously planned for 36 single-family detached lots, with view-oriented lots and an average lot size of approximately 7,785 square feet. Although the prior tentative tract map has expired, the surrounding Solara community has advanced into construction and home sales, providing direct builder validation for the submarket.
The Property benefits from an existing Medium Density Residential land use designation and R-4 zoning, which allows a minimum lot size of 3,500 square feet. Based on the land use designation, the site may support up to approximately 77 base units, subject to buyer verification, site constraints, infrastructure capacity, and Riverside County entitlement processing. A qualified density bonus program may provide additional unit upside. Seller has retained sewer credits for 55 homes, which are included in the sale, subject to buyer verification of transferability, value, timing, and agency requirements. Seller has also retained rights to certain environmental permits obtained in connection with Solara and the Property, subject to buyer verification of current validity and any renewal or agency requirements.
The opportunity allows a buyer to pursue a value-add entitlement strategy in an active new-home corridor with nearby new-home pricing reportedly reaching the high-$800,000s to $900,000+ range.
Brian Bush
Diversified Pacific