
23524 Pico Avenue, Menifee, CA 92585
23524 Pico Avenue, Menifee, CA 92585
Property Description
Unbelievable Opportunity on 18.56 Acres! Endless possibilities await with this exceptional 18.56-acre property offering space, versatility, and incredible investment potential. The charming 1,609-square-foot home, built in 1961, features four bedrooms, two bathrooms, a spacious living room, a cozy family room with a fireplace, and a screened-in porch—perfect for relaxing and enjoying the peaceful surroundings. With a 2 car attached garage. Also located on the property is an impressive 6,000-square-foot commercial-style shop complete with five private offices, a reception area, and a bathroom. The property includes 10 parking spaces, including one ADA-compliant space, making it ideal for a variety of business or commercial uses. Additional improvements include three septic systems and two outbuildings, providing even more flexibility for future use. There are two alarm systems, one on home and one on Building. SELLER MIGHT BREAK UP INTO 3, 5 ACRE PARCELS AND 1 PARCEL WITH HOME AND WAREHOUSE 3.6 ACRES Currently zoned RA (Rural Agricultural), this property offers outstanding potential for farming, equestrian use, livestock, or creating your own private ranch. With future development, the land may also present exciting opportunities for residential expansion or a planned neighborhood, subject to county approval. Sewer is about 1200 ft. from property. Whether you're looking for a working ranch, a business headquarters, an agricultural investment, or a property with exceptional development potential, this one-of-a-kind estate is ready to bring your vision to life. Some photos have been AI enhanced, Buyer to do their own due diligence about information of this property, going to the county, looking up permits etc!!!!!!
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Menifee · Single Family Residence
Listed 527.0% above the median closed sale of $630,000. Price per sqft ($2,455) is a 635% premium to closed comps ($334). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 29688 Via Naravilla | Menifee | 1988 | 3 | 2 | 1,323 | 7,405 | $453 | $599,900 | 9 | 58 |
| 23870 Lodge Drive | Menifee | 1937 | 3 | 2 | 1,200 | 10,018 | $346 | $415,000 | 8 | 57 |
| 27704 Doreen Drive | Menifee | 1990 | 3 | 2 | 1,157 | 6,098 | $432 | $499,999 | 108 | 55 |
| 28192 Orangegrove | Menifee | 1990 | 3 | 2 | 1,206 | 3,485 | $347 | $419,000 | 29 | 49 |
| 26790 Oakmont Drive | Menifee | 1964 | 3 | 2 | 1,308 | 7,405 | $304 | $398,000 | 3 | 44 |
| Total: 5 · Average | 3.0 | 2.0 | 1,238.8 | 6,882.2 | $376.4 | $466,379.8 | 31.4 | |||
| Median | 1,206 | $419,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24255 Insignia | Menifee | 2021 | 09/28/2026 | 4 | 2 | 1,902 | 7,405 | $650,000 | $630,000 | $331 | 0.97 | 107 | 69 |
| 25431 Hitch Rail Lane | Menifee | 2016 | 10/01/2026 | 4 | 2 | 1,860 | 6,970 | $625,000 | $630,000 | $339 | 1.01 | 55 | 60 |
| 30144 Adrift Lane | Menifee | 2024 | 10/07/2026 | 3 | 3 | 1,860 | 2,614 | $529,000 | $510,000 | $274 | 0.96 | 91 | 60 |
| 33577 Daily Rd | Menifee | 2018 | 10/06/2026 | 3 | 3 | 2,083 | 108,900 | $895,000 | $885,000 | $425 | 0.99 | 123 | 59 |
| 26611 Mountaingate | Menifee | 2018 | 10/07/2026 | 3 | 2 | 1,895 | 7,405 | $569,900 | $574,000 | $303 | 1.01 | 33 | 58 |
| Total: 5 · Average | 3.4 | 2.4 | 1,920 | 26,658.8 | $645,800 | $645,800 | $334.4 | — | 81.8 | ||||
| Median | 1,895 | $630,000 | $630,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.