WD Land is pleased to present an opportunity for a homebuilder to acquire 191 townhome units just North of Clinton Keith Rd and I-15 in the city of Wildomar. Located just outside Murrieta’s city limits, Westpark Promenade is well located near multiple retail centers, services and recreational amenities. Nestled between a couple of Van Daele communities built late in the last cycle and I-15, the future townhome community benefits from excellent visibility and exposure and offers convenient access to both I-15 and I-215 freeways via Clinton Keith Rd. Tentative Maps #36781 and #36782 are condominium plans approved with 7– two and three story floor plans within two unique product types that range in size from 1,137 sf to 1,856 sf.
The return of the single family home market and the run up in prices has put the price threshold for new single family homes in this I-15 corridor generally above the FHA limit of $442,750. This leaves a large part of the marketplace underserved with limited new home buying opportunities in this area for FHA buyers. The subject property offers an attractive combination of superior location near retail & services, convenient access to freeways and a price point that will attract FHA buyers