Land Advisors is pleased to introduce Lakeland Terrace, a ±71.08-acre unentitled property situated northwest of Grand Avenue and Adelfa Street in Lakeland Village, an unincorporated area of Riverside County, adjacent to the City of Lake Elsinore.
The Property is zoned for Single-Family Residential (R-1) and has a Land Use/General Plan designation of Medium-Density Residential (MDR), allowing for 2 to 5 dwelling units per acre. Based on gross acreage, there is potential that Lakeland Terrace can be developed with over 350 single-family residential lots.
There are currently 11 actively selling new home communities within the Lake Elsinore submarket with an average sales rate over 4.0 homes per month. Lakeland Village is conveniently located near California State Route 74 (Ortega Highway), which provides seamless access to Orange County. Within a 10-minute drive, future residents will find designated schools, grocery stores, coffee shops, restaurants, and retail stores.