Stuart Miller & Jon Jaffe Acquire 324 Acres In Menifee For $22.5M

Located at Encanto Drive & Rouse Road in Menifee, the property involved in the transaction is a vast land spanning across 324 acres. The sale price for this expansive land was sealed at $22,500,000, marking a significant acquisition in the area by the buyer.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $22,500,000
• Buyer: Stuart Miller & Jon Jaffe - Lennar
• Seller: Douglas Neff - IHP Capital Partners
• Address: Encanto Drive & Rouse Road
• Market: Menifee
• Acres: 324

Stuart Miller and Jon Jaffe from Lennar emerged as the buyers in this notable transaction, expanding Lennar's presence in Southern California with the acquisition of the 324-acre land in Menifee. On the other side, Douglas Neff represented IHP Capital Partners as the seller, finalizing the deal that hints at Lennar's continued development plans in the region.