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22060 Olivas Avenue, Nuevo, CA 92567

$3.45M4bd · 3ba · 2,508 sqft
Lot 797,148 sqft•Single Family Residence•
Active
•105d on market•MLS# 219149728

Property Description

ATTENTION DEVELOPERS, BUILDERS, & LAND BANKERS! Position your next project or build your dream estate alongside top-tier builders like LENNAR, D.R. HORTON, TAYLOR MORRISON, and KB HOME, who are actively developing the immediate Nuevo area! This premier 18+ ACRE FLAT CORNER LOT features multi-street access spanning Olivas Ave, Nuevo Rd, and Ramona Ave--making it the ultimate buy-and-hold asset or immediate development masterpiece. A standout feature is the 1,261 linear feet of prime street frontage, providing unmatched advantages: High Visibility: Maximize exposure to passing traffic--essential for a future commercial shopping center, market, or business. Easy Access (Ingress/Egress): Easily plan multiple entrances/exits for a housing tract or commercial parking lot without bottlenecking traffic. Subdivision Potential: Perfect for splitting the 18 acres into smaller lots or building multiple homes, allowing almost every new lot its own direct driveway access to the main road. The surrounding valley is exploding: KB Home's Nuevo Meadows is under 2 miles away, and the Villages of Lakeview mega-development is coming soon less than 3 miles away (8,725 homes on 2,883 acres). It also sits just 3.4 miles from the upcoming 16-mile Mid-County Parkway corridor (I-215 to Route 79). Highly versatile zoning allows for single-family tracts, shopping centers, offices, nurseries, or even commercial cannabis cultivation with a CUP. Infrastructure Already in Place : Save massive upfront development costs! Features BOTH city water AND a private well, with all utilities on-site. Includes a completely remodeled, 2,508 sq. ft. ranch-style home, detached garage, and two massive steel garage/barns--ideal for immediate rental income, a luxury lifestyle while you plan, or secure equipment storage. DISCLAIMER / LIABILITY NOTE: Buyer and Buyer's Agent to independently investigate, verify, and satisfy themselves regarding all aspects of the property, including but not limited to: zoning, permits, land usage, square footage, boundaries, lot size, utility locations, well functionality, and school districts. All information provided herein is deemed reliable but is not guaranteed by the Listing Agent or Seller.

Features & Amenities

Not ApplicableFeeBuilt 1967

Property Details

Subdivision
Not Applicable
Land Type
Fee
Year Built
1967
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
6
Garage Spaces
3
Heating
Central, Fireplace(s)
Cooling
Air Conditioning, Central Air
View
Mountain(s)
Flooring
Hardwood
City
Nuevo
Zip Code
92567
County
Riverside
Listed byBerkshire Hathaway HomeServices California Properties, The Kavenchy Group·310-795-5790

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$17,445.08
Principal & Interest
Loan Amount
$2,760,000
Total Interest
$3,520,228
Total Payment Over 30 Years
$6,280,228
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

22060 Olivas Avenue, Nuevo, CA 92567

Not Applicable · Nuevo · Single Family Residence

$3.45M
Luxury Tier
Beds
4
Baths
3
Sqft
2,508
Lot
18.30 ac
Year
1967
$/Sqft
$1376
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 3-car✓

Listed 375.9% above the median closed sale of $725,000. Price per sqft ($1,376) is a 335% premium to closed comps ($316). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $3.45M· $1,376/sqft
Total list price
Closed comps
vs closed median $725K
+$2.73M (+375.9%)
Active comps
vs active median $730K
+$2.72M (+372.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $323
+$1K (+326.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
22443 Wybenga LaneNuevo2023433,067212,137$375$1.15M4766
21515 Lou Ann CourtNuevo2004432,188114,127$319$699,000266
29715 CentralNuevo2007422,58844,867$282$730,0004764
22641 Spotted FoxNuevo2024432,1458,087$280$599,900462
31820 MEADOW BLOSSOMNuevo2026422,05745,001$359$739,0001160
Total: 5 · Average4.02.62,40984,843.8$323$783,58022.2
Median2,188$730,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
29274 San Jacinto AvenueNuevo200407/27/2026432,19039,640$995,000$875,000$4000.886063
22957 Sagenut WayNuevo202309/09/2026432,2249,148$630,000$630,000$2831.007663
28366 Deer Brush DriveNuevo202306/01/2026432,2244,356$540,000$521,300$2340.969162
31480 MarcuchioNuevo198509/15/2026432,29694,090$760,000$725,000$3160.954552
29083 LakeviewNuevo200509/01/2026432,35152,272$825,000$815,000$3470.9912851
Total: 5 · Average4.03.02,25739,901.2$713,260$713,260$316—80
Median2,224$725,000$725,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.