23524 Pico Ave , Menifee, CA 92585
$3,950,000
Est. Payment: $20,921.79/mo
4 Bed
3 Bath
1609 Sqft
Status: Active | Days on site: 43
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House Description

Unbelievable Opportunity on 18.56 Acres! Endless possibilities await with this exceptional 18.56-acre property offering space, versatility, and incredible investment potential. The charming 1,609-square-foot home, built in 1961, features four bedrooms, two bathrooms, a spacious living room, a cozy family room with a fireplace, and a screened-in porch—perfect for relaxing and enjoying the peaceful surroundings. With a 2 car attached garage. Also located on the property is an impressive 6,000-square-foot commercial-style shop complete with five private offices, a reception area, and a bathroom. The property includes 10 parking spaces, including one ADA-compliant space, making it ideal for a variety of business or commercial uses. Additional improvements include three septic systems and two outbuildings, providing even more flexibility for future use. There are two alarm systems, one on home and one on Building. SELLER MIGHT BREAK UP INTO 3, 5 ACRE PARCELS AND 1 PARCEL WITH HOME AND WAREHOUSE 3.6 ACRES Currently zoned RA (Rural Agricultural), this property offers outstanding potential for farming, equestrian use, livestock, or creating your own private ranch. With future development, the land may also present exciting opportunities for residential expansion or a planned neighborhood, subject to county approval. Sewer is about 1200 ft. from property. Whether you're looking for a working ranch, a business headquarters, an agricultural investment, or a property with exceptional development potential, this one-of-a-kind estate is ready to bring your vision to life. Some photos have been AI enhanced, Buyer to do their own due diligence about information of this property, going to the county, looking up permits etc!!!!!!

Highlights

Listed by Kathy Vineyard , 951-8306716 and Amanda Vineyard , 951-679-1959 Re/Max Diamond Prestige , 951-672-6711. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
18.6

Year Built

1961

County

Riverside

Area

SRCAR - Southwest Riverside County

School District

Menifee Union

Listing ID

SW26142842

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Refrigerator, Water Heater, Dryer, Washer
Air Cond:Central Air,Whole House Fan
Fireplaces:Family Room
Floor:Carpet,Tile,Vinyl
Other:
  • Additional:Separate/Formal Dining Room, Eat-in Kitchen, Pantry, Tile Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Walk-In Pantry
Water:Public

Exterior Features

Lot:Corners Marked,Horse Property,Lot Over 40000 Sqft,Level,Street Level,No Land Lease
Garage Capacity:13
Roof:Composition
Sewer:Septic Tank
Parking Features:Concrete,Direct Access,Driveway Level,Driveway,Garage,RV Garage,RV Access/Parking,One Space,Garage Faces Side
Principal Interest
$20,922
Taxes
$2,518

Home Price

$3,950,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$790,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,921.79

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,921.79 $2,518.13 $0.00 $23,439.91
Yearly $251,061.48 $30,217.50 $0.00 $281,278.98
Total $7,531,844.37 $906,525.00 $0.00 $8,438,369.37

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Menifee, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T10:55:49.000Z

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