**2.31-Acre Flat Lot in Rancho Capistrano** This flat lot is in a gated equestrian community, located 21 miles from San Juan Capistrano and 4 miles from the community. The road bond has been paid, a water meter has been installed, and utilities are nearby. This lot is ready for building and is one of the easiest to use in Rancho Capistrano. It has beautiful trees and ranks among the top ten most usable sites out of 133 in this gated community. It is perfect for large gardens, nurseries, horses, and more. The Cleveland National Forest is a short walk away and offers great options for biking, hiking, and other outdoor activities. The installed water meter saves you about $20,000.