Spruce Street - Residential LAND FOR SALE


Lake Elsinore, CA 92530 1,761,566 SF
$1,250,000 USD
951-267-2912
Spruce Street, Lake Elsinore, CA for Sale
$1,250,000 USD
Residential LAND - FOR SALE
1/5
1,761,566 SF

Spruce Street
Lake Elsinore, CA 92530


HIGHLIGHTS

  • The Cape of Good Hope Specific Plan
  • Adjacent to Alberhill New Home Communities
  • +/- $30K/AC

OVERVIEW

The Cape of Good Hope Specific Plan is a master-planned residential community in the Lake View District of northwest Lake Elsinore, originally approved in 1993 to guide the development of approximately 41 acres. The plan envisions a private, gated single-family neighborhood consisting of 67 residential lots, together with open space and recreational amenities designed to preserve the site’s hillside character and scenic views. The specific plan establishes the project’s land use framework, circulation, design standards, landscaping, and infrastructure requirements to ensure cohesive, high-quality residential development. Additionally, the flattest portion of the property front Spruce Street has a Tentative Tract Map for 6 additional lots. Please reach out to our team with any questions or interest in this opportunity

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/ACRE

$30,910/AC

PRICE/SF

$0.71 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Cape of Good Hope Specific Plan

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Hold for Development, Hold for Investment, Master Planned Community, Single Family Development, Single Family Residence

LAND ACRES

40.44 AC

LAND SF

1,761,566 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Specific Plan

APN/PARCEL ID

389-412-027

ASK ABOUT THIS PROPERTY

Mike PizzagoniColdwell Banker Commercial SCMore Info
951-267-2912

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Mike PizzagoniColdwell Banker Commercial SCMore Info
951-267-2912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.