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Spruce Street - The Cape of Good Hope Specific Plan 40.44 Acres of Residential Land Offered at $1,250,000 in Lake Elsinore, CA 92530
Investment Highlights
- The Cape of Good Hope Specific Plan
- +/- $30K/AC
- Adjacent to Alberhill New Home Communities
Executive Summary
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
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
Property Facts
1 Lot Available
Lot
| Price | $1,250,000 | Lot Size | 40.44 AC |
| Price Per AC | $30,909.99 |
| Price | $1,250,000 |
| Price Per AC | $30,909.99 |
| Lot Size | 40.44 AC |
+/- 40.44 acres of land across 11 APN's (see OM for complete list)
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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Spruce Street - The Cape of Good Hope Specific Plan
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