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$4,150,000
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Property Description
Rare opportunity to acquire approximately 11.7 acres in the City of Wildomar, consisting of three separate parcels being offered and sold together: APNs 380-050-011, 380-050-012 and 380-050-016. This unique property offers an exceptional combination of usable acreage, privacy, mountain views and future development potential in a growing area of Southwest Riverside County.
The property features two separate access points, providing flexibility for future use and circulation, along with two large existing storage barns. The expansive acreage offers plenty of room for a private estate, equestrian use, agricultural or recreational improvements, or potential residential development.
The City of Wildomar has recently updated its zoning and development framework under Envision Wildomar 2040. Portions of the property have historically carried Rural Residential (R-R) and residential zoning, while prior City planning documents have identified portions of the assemblage with residential land-use designations allowing greater density. This creates an exciting opportunity for builders, developers, investors or an owner-user looking to secure a substantial amount of land within the City.
All three parcels are intended to be sold together and Seller's preference is not to separate the parcels. Buyer and Buyer's Agent are advised to independently verify zoning, General Plan and land-use designations, allowable density, subdivision potential, utilities, access, development requirements and all intended uses directly with the City of Wildomar and appropriate agencies.
With approximately 11.7 combined acres, multiple parcels, two access points, existing storage structures and beautiful mountain views, this is a rare opportunity to own a significant piece of land with a variety of possibilities in Wildomar.
Full Property Details
Full Property Details for 21940 Palomar
General
- Price: $4,150,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: SW26190583
- Updated: 9/3/2026
- Days on Market: 47 days
- Added to Site: 47 day(s) ago
Interior
- Rooms/Areas: Workshop, All Bedrooms Down, Kitchen, Living Room
- Interior Features: Pantry
- Fireplace: Yes
- Fireplace(s): Family Room
- Appliances: Disposal
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Exterior
- Deck/Patio: Front Porch
Parking
- Garage: Yes
- Garage Spaces: 15
Location
- County: Riverside
- Driving Directions: The corner of Palomar and Arnold
School Information
- School District: Lake Elsinore Unified
Community
- Community Features: Rural
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Water: Well
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Disability Access: Doors - Swing In
- Entry Location: front street
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,669
- Sq. Ft. Source: Assessor
- Year Built: 1936
- Year Built Source: Public Records
Lot Features
- Property View: Hills
- Lot Size (Acres): 5.64
- Lot Size (Sq. Ft.): 245,678
- Lot Size Source: Assessor
- Lot Description: 11-15 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $2,486.52
Disclosures and Reports
- Special Conditions: Standard
Listed by SimpliHOM, Jessica Davidson
Get Pre-Approved Today
Schools
Schools serving 21940 Palomar
School District:Lake Elsinore Unified School District
| Name | Grades | Distance |
|---|---|---|
Donald Graham Elementary School 35450 Frederick Street, Wildomar, CA 92595 | K-5 | 0.7 mi |
David A. Brown Middle School 21861 Grand Avenue, Wildomar, CA 92595 | 6-8 | 0.7 mi |
Elsinore High School 21800 Canyon Drive, Wildomar, CA 92595 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21940 Palomar
Date
Details
Price
Change
Source
9/02/2026
Listed
$4,150,000
721.78%
MLS
7/13/2015
Sold
$505,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21940 Palomar
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,402
—
$609,765
2%
2025
$6,402
5%
$597,810
2%
2024
$6,115
1%
$586,089
2%
2023
$6,037
2%
$574,598
2%
2022
$5,920
2%
$563,332
2%
2021
$5,806
1%
$552,288
1%
2020
$5,747
2%
$546,626
2%
2019
$5,636
2%
$535,909
2%
2018
$5,527
2%
$525,402
2%
2017
$5,420
4%
$515,100
2%
2016
$5,220
167%
$505,000
165%
2015
$1,955
3%
$190,746
2%
2014
$1,892
—
$187,012
—
2013
$1,884
—
$186,169
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21940 Palomar
21940 Palomar, Wildomar, CA 92595 (MLS# SW26190583) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 21940 Palomar is currently listed for $4,150,000 and was received on September 02, 2026. Want to learn more about 21940 Palomar? Do you have questions about finding other Single Family real estate for sale in Wildomar? You can browse all Wildomar real estate or contact a Coldwell Banker agent to request more information.

