Tentative Map: Property qualifies for streamlined entitlement under SB 330. Tentative map processing time is expected to be less than a year. Flood Control: Property and surrounding areas require a flood-control structure, Line A. Seller and surrounding owners have an easement and cost-sharing agreement for construction. Subject property's sole contribution: granting an easement. In exchange for the easement: Exempted from design or construction costs of the channel. Excavated dirt will be stockpiled on the property. Unique advantage: lowers overall completion costs. Market: Winchester is a thriving, predominantly new home market. Major builders include Lennar, D.R. Horton, Meritage, and KB Home. Builders sell new homes at a rate of 1.5+ homes per week. Early 2020 home prices: Mid-$300,000s to mid-$400,000s. Recent home prices: Starting in low $500,000s for homes under 1,400 square feet. Exceeding $900,000 for homes over 4,000 square feet in Lennar's East Menifee community. Median home price: Increased from $590,000 (December 2023) to $627,000 (December 2024).