Emerald Grove Hemet, California
Last updated
Last updated
The Villa at Emerald Grove is conveniently located 8 minutes from the Rancho California Road in the Temecula Wine Country. International Land Alliance boasts over 40 acres of untouched land, a 360 degree views of majestic mountains, valleys and Lake Skinner. The property also spans 7000 sq. ft. of interior space all with incredible views. The Villa has become one of the "destination places" for weddings and other large gatherings/events in the region! As we have .
The Company acquired the 80-acre Emerald Grove development in 2019 for $1.1M. In 2021, the Company recognized the sale of a vacant 20-acre parcel for $630,000 and is in the process of subdividing its remaining 40 acres into 8 residential lots. Median prices for 5-acre lots in the surrounding area are currently $250,000.
$ILAL, having already sold 20 acres for $630,000 is left with an expected profit of $1,530,000 plus retention of the prized Villa! This extra influx of cash along with retaining the Villa will provide $ILAL with an influx of working capital and an established revenue stream. We would argue just this property alone warrants the current $6.5 million market cap.