$10,000,000

The subject property comprises 33 parcels totaling approximately 115.92 acres of vacant land, zoned for single-family residential development. The Rancho Alegre Development features a fully approved final map, creating 33 subdivided estate-sized lots ranging from approximately 2 to 8 acres each. The project thoughtfully incorporates nine designated open space areas, enhancing the overall character while preserving the natural landscape. On-site infrastructure includes three installed water meters (2”, 3”, and 4”), with electrical service readily available. The development is planned in two phases: Phase 1 consists of 8 lots and is envisioned as a gated community offering an elevated level of privacy, exclusivity, and luxury living. These premier homesites are positioned to capture scenic views of the surrounding hills and countryside, making them ideal for custom estate residences. Phase 2 includes the remaining 25 lots, with improvement plans scheduled to be completed as part of Phase 1. Currently designed for septic systems, the project also offers the potential to connect to sewer, with an access point located at the intersection of Reche Road and Ranger Road, approximately 2,200 feet from the site. The property is ideally situated within an established and growing area, surrounded by residential neighborhoods, parks, and schools, with convenient access to Interstate 15 and the Pala Mesa Resort & Golf Course. Strong housing demand continues to grow along the I-15 corridor, driven by its strategic connectivity between Riverside and San Diego. The property’s location offers a compelling advantage for commuters, with meaningful time savings compared to longer distance alternatives making it an attractive option for buyers seeking both accessibility and lifestyle convenience. Additionally, Fallbrook has gained recognition as an emerging wine country destination, and the underlying zoning allows for the cultivation of grapes presenting a unique opportunity for vineyard estates or agrarian luxury living.