Opportunity awaits on this spacious Menifee property with no HOA! Featuring an 858 sq ft home ready for your personal touch, this is a prime value-add opportunity for investors, builders, or buyers looking to create their dream home. Set on a large lot with plenty of usable land, the property offers endless potential for expansion, redevelopment, or customization. Enjoy panoramic views and a peaceful setting while still being conveniently located near local amenities. A standout feature is the transferable conditional use permit for a wood lot, currently generating rental income—providing immediate upside for the next owner. Whether you're looking to renovate, build, or invest, this property delivers flexibility, income potential, and room to grow.