132 half-acre lots
Overview
Conveniently located off Overlook Parkway in one of Riverside’s most desirable neighborhoods, Kunny Ranch offers exceptional half-acre lots with expansive territorial and city views. In a city where premium land is scarce, Kunny Ranch presented homebuilders with a rare opportunity to build a new neighborhood in an established, affluent community.
Mission Pacific recognized the potential of the location and acquired the 143-acre property, which featured two, approved tentative tracts for 132 residential lots. Mission Pacific negotiated the purchase agreement, conducted thorough due diligence and purchased the property within a two-week timeframe.
Within a few years, a strategic sale of the southerly 48-lot portion allowed Mission Pacific to recoup their initial investment and to focus on preparing the remaining acreage for development, diligently processing engineering plans and making it “shovel-ready” for a future homebuilder.
Kunny Ranch has been sold to a public homebuilder, offering spacious homes and stunning views in a sought-after location.
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Buyers
Beazer Homes
Capital Pacific Homes
