The property consists of 83.9 acres of land in Lake Elsinore, California and is comprised of Tuscany Valley and Tuscany Crest. The land was originally entitled for 355 residential lots (which was later reduced to 338 during the design process), each with a 5,000 square foot minimum.
Tuscany Valley and Tuscany Crest are located approximately 6.5 miles east of I-15 Freeway via Summerhill Drive and Greenwald Avenue through the Tuscany Hills Community. The surrounding area includes new residential homes in the Tuscany Hills Community by Centex Homes, existing single family homes, and open space habitat conservation areas.
Entitlements include an approved Specific Plan (Ramsgate Specific Plan), Development Agreement and approved Tentative Maps (TTM 25475 & TTM 33725).
This is neither an offer to sell nor a solicitation of an offer to buy any security. An investment in a Shopoff limited partnership involves a high degree of risk, including the possible loss of your investment, and is illiquid with an uncertain liquidity date. Past performance is not indicative of future results. Securities offered through Shopoff Securities, Inc., member FINRA/SIPC.