Description
Rare opportunity to acquire approximately 42 acres comprised of two adjoining parcels (9.55 acres and 31.8 acres) in one of Hemet's most desirable and exclusive hillside neighborhoods. Located just south of Crest Drive, between Vista Del Valle to the west and Meridian Street to the east, this exceptional property is surrounded by custom estate homes valued at $750,000 and above. The land features lush open grasslands, gently rolling hills, and a seasonal creek, offering a serene natural setting with panoramic potential. Historically used as a walnut grove nearly a century ago, remnants of original cement aqueducts and flumes remain on site, adding unique character and historical charm. Zoned W-1, this property presents outstanding potential for a luxury custom estate, equestrian ranch, boutique residential development, or other creative vision. Enjoy a private, rural atmosphere while remaining just minutes from town amenities and directly below the scenic Simpson Park area. Opportunities of this size and location in the Crest Drive corridor are extremely rare. A must-see property for developers, investors, or buyers seeking a premier estate setting. Property sits at the entrance to the proposed Gibbel Flats development and is also in the path of the city of Hemet annexation. To the east about 2 miles the Citrus project will be adding thousands of new homes to the east side of the valley making this property even more desirable.
Details
| MLS # | SW26015604 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 265 |
| Listing Provided By | Coleman and Associates | Matt McPherson |
Features
| Zoning | W-1 |
|---|---|
| Acreage | 9.55 |
| Property View | Yes |
Exterior
| Lot Features | Horse Property, Irregular Lot, Lot Over40000Sqft, Rocks, Street Level, Value In Land |
|---|
Utilities
| Utilities | Water Not Available |
|---|
Location
| Community Features | Biking, Foothills, Hiking, Horse Trails, Rural, Suburban, Valley |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Hemet |
| Zip Code | 92544 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92544) | |
Price: $750,000 low | high Med: $8,095 On site: 265 low | high Med: 36 | |
Market Activity 92544
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Hemet |
| Zip Code | 92544 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92544) | |
Price: $750,000 low | high Med: $8,095 On site: 265 low | high Med: 36 | |
 | $800,00027560 Cornell StHemet, CA 92544 |