5 Acres Lot
5 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24180333
HOA Y/N No
Lot Size 5.000 Acres
Property Description
Two separate 2.5 acre developed olive grove home site parcels in scenic area zoned for TWO homes per parcel with water rights. May be sold separately for $220K (Parcel A, mature olive trees) and $190K (Parcel B, younger olive trees) or together for $360K. High value income producing orchard home sites with mountain, snow, and valley views, quiet location, 20 minutes to major shopping and services in Palm Springs, Palm Desert, or La Quinta, with excellent healthcare. All utilities are on the paved road adjoining Lot A, with an easement for access and utilities to Lot B. Surveyed. Irrigation rights through a well agreement at 1/3 share per lot or 2/3 share for both. Lot A consists of mature producing olives inter planted with established one year old trees. Lot B consists of established one year old olive trees. Productive commercial olive varieties with high oil content, all non-pesticide, suitable for both oil or canning. Automatic drip irrigation system, plus Eucalyptus windbreak/privacy screen planted around the six-foot-high perimeter fence. Olive trees are low maintenance and water saving, with high profit potential due to the steady rise in California olive oil prices. An olive oil mill is now conveniently located here in the Coachella Valley for easy oil extraction. No experience needed, current owner lives adjacent and will assist with transition, ongoing consult, or can continue maintenance. For more information search for LBCAS and view the New Crops tab.
Location
State CA
County Riverside
Area 344 - Sky Valley
Zoning R-1-1 1/4
Interior
Fireplace No
Exterior
Fence Chain Link
Community Features Biking, Curbs, Foothills, Hiking, Horse Trails, Stable(s), Mountainous, Preserve/Public Land, Rural, Ravine, Valley
Utilities Available Electricity Available, Phone Available, Water Available, Sewer Not Available
View Y/N Yes
View Desert, Hills, Mountain(s), Orchard, Panoramic, Valley
Present Use Agricultural
Building
Lot Description Agricultural, Lot Over 40000 Sqft, Orchard(s), Flat
Sewer None
Water Agricultural Well, Shared Well
New Construction No
Others
Senior Community No
Tax ID 647260014
Acceptable Financing Cash
Horse Feature Riding Trail
Listing Terms Cash
Special Listing Condition Standard
