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Banning, CA

$724,999

514 E Victory Avenue, Banning, CA
3
Beds
2
Baths
1,512
Sq Ft
1964
Built
75
Days listed

About this home

Rare 2.2-Acre VLDR Horse Property with Exceptional Flexibility and Future Potential! Major due diligence items have already been completed, including septic certification, termite clearance, and appraisal. This unique 3-bedroom, 2-bath home offers approximately 1,510 sq. ft. of living space and features remodeled bathrooms, a cozy wood-burning fireplace, and beautifully maintained original hardwood flooring—a rare feature in today's market. The water heater was replaced approximately six months ago, and the home is cooled by an evaporative cooling system. Situated on approximately 2.2 acres of predominantly flat, fully usable land, the property includes a long private driveway, detached two-car garage, retractable driveway gate, retaining walls, and perimeter fencing, providing privacy, security, and functionality. According to the City of Banning, the property is located within the Very Low Density Residential (VLDR) zoning district. The City has confirmed the parcel may have the potential to accommodate up to four residential units, subject to development standards, subdivision requirements, and governmental approvals. Buyer to verify all future development possibilities. The VLDR zoning designation allows for a variety of rural-residential uses, making this property ideal for horse owners, animal enthusiasts, contractors, RV owners, equipment storage, recreational use, and buyers seeking additional space and flexibility. Potential permitted uses within the zoning district may include private stables, grazing, animal keeping, and commercial cargo/storage containers, subject to applicable approvals. With approximately 95,832 square feet of usable land, the possibilities are endless—whether you're looking for a horse property, multi-generational living opportunity, future development potential, agricultural use, or simply room to spread out and enjoy. Conveniently located near the I-10 freeway, shopping, dining, schools, and local amenities, this property offers the perfect blend of rural living, utility, and long-term opportunity.

Facts & features

Interior
Bedrooms
3
Bathrooms
2 full
Living area
1,512 sq ft
Interior features
Separate Formal Dining Room, Furnished, See Remarks, All Bedrooms Down
Appliances
Energy Star Qualified Water Heater, Gas Cooktop, Gas Oven, Gas Water Heater, Water Heater
Flooring
Wood
Fireplace
Den, Living Room, Wood Burning
Heating
Fireplaces, Wall Furnace
Cooling
Evaporative Cooling
Laundry
Washer Hookup, Gas Dryer Hookup, Inside
Levels
One
Spa
None
Exterior & lot
Lot size
2.2 acres (95,832 sq ft)
Pool
None
View
Hills, Mountains, Panoramic, Valley
Architectural style
Ranch, See Remarks
Year built
1964
Parking
Concrete, Direct Access, Door Single, Driveway, Garage Faces Front, Garage, Garage Door Opener, On Site, Paved, Rv Potential, Rv Access Parking
Parking spaces
2
Community
Area
263 - Banning/Beaumont/Cherry Valley
County
Riverside
Community features
Biking, Foothills, Hiking, Horse Trails, Mountainous, Rural, Street Lights, Sidewalks, Urban, Valley
Listing details
Status
Active
Property type
Single Family Residence
Days on market
75
Listed
2026-04-10
Original price
$815,000
Terms
Cash, Conventional, Exchange 1031, FHA, Fannie Mae, Freddie Mac, Submit, Va Loan
Parcel #
543131004
MLS #
SW26077921
Listed by
Damian Gerry · Impact Real Estate

Location

Price history

Listed
$815,000 · 2026-04-10
Price reduced
$724,999 (−$90,001)
Days on market
75
Current price
$724,999
Financing

Could this home be yours?

Estimated monthly payment
$4,548
$3,666 principal & interest · $882 taxes & insurance
$145,000
Estimate only
Loan $579,999

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Estimated value range nearby
$1,093,134$1,283,244

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Listing data provided by CRMLS

Listing courtesy of Impact Real Estate. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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