Description
This property built with heavy steel structure needs a major cosmetic renovation. The location is unrivaled and it is possible to subdivide the 24.81 acres of land to have two luxury residences. The current structure includes a massive mansion on a big flat eagle-nest pad on the hilltop with commanding views. It is near the highest point of the entire La Cresta community. There is a private road after the gate entrance that leads up to the mansion with very secure privacy. The other structure down the hill that could be turned into another residence is currently a horse barn, storage place and a big fenced horse arena that could also be turned into a huge parking lot for holding private events up the hill. This property could easily be redeveloped into the most exclusive residence in La Cresta or the whole Riverside County due to its unique natural landscape that is fit for a King. This hilltop mansion could be turned into a medieval castle and still has room for a helicopter pad. Hollywood folks and Westside tycoons would really love it. The prior owners have spent a lot of money trying to renovate it but the project remains unfinished. If landed in a right hand for a major transformation, this property may easily command a billionaire's attention, simply because of its unusual natural settings. :-) The property currently needs to go through another fresh round of foreclsoure process to clear the issue of a deceased prior owner on the title. The owner is willing to put up a fidelity bond to insure the buyer's title as an interim solution for a quicker escrow close. Please contact agent for details.
