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17751 Lake Matthew Dr., Perris, California 92570, Perris, 92570 - 2 bed, 1 bath

17751 Lake Matthew Dr., Perris, California 92570 home-pic-0
ACTIVE$1,800,000
17751 Lake Matthew Dr., Perris, California 92570
2Beds
1Bath
688Sqft
1,321,175Lot
Year Built
1931
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$2,616
HOA
-
Days on market
-
Sold On
-
MLS number
SW25235856
Home ConditionPoor
Features
Good View: Hills, Rocks
ViewHills, Rocks

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(99th), sqft - 688(2th), beds - 2(5th), baths - 1(7th).

Incredible 30.33 acre property in the desirable Lake Mathews area of Perris! This fully fenced parcel offers endless possibilities for residential, ranch, or agricultural use. The land features two deep-water wells, one regular shallow well, city water, and city electricity. A two-bedroom, one-bathroom stick-built home sits on the property ready for remodeling or use as a guest home. Additional improvements include two large warehouses and a spacious barn (approx. 4,000 sq. ft.) ideal for animals or storage. The property features olive, pomegranate, palm, and eucalyptus trees, adding natural charm and privacy. Enjoy panoramic views, open space, and a peaceful rural lifestyle while still being close to major highways, shopping, and schools. A rare opportunity with excellent infrastructure and development potential!

Price History

Date
Event
Price
10/10/25
Listing
$1,800,000
Condition Rating
Poor
The property was built in 1931, making it 93 years old. The listing description explicitly states the 688 sqft home is 'ready for remodeling or use as a guest home,' indicating it is not in a livable or move-in ready condition. Exterior images show significant deterioration, including peeling paint and very old windows. With no interior images provided, and given the age and description, it's highly probable that the kitchen and bathroom are in extremely poor, outdated, and likely non-functional condition, requiring complete renovation. The property requires substantial repairs and rehabilitation to meet modern living standards, aligning with a 'poor' condition score where major components require repair and the property may be uncomfortable or unsafe in its current state. The high list price is clearly attributed to the extensive 30.33 acres of land, not the dwelling.
Pros & Cons

Pros

Expansive Acreage & Versatility: The property boasts an impressive 30.33 fully fenced acres, offering extensive possibilities for residential, ranching, or agricultural development.
Robust Infrastructure & Utilities: Equipped with two deep-water wells, one shallow well, city water, and city electricity, providing exceptional utility independence and reliability for diverse uses.
Significant Existing Outbuildings: Includes two large warehouses and a spacious 4,000 sq. ft. barn, adding substantial value and functionality for storage, agricultural operations, or animal housing.
Development & Investment Potential: The large parcel size, existing infrastructure, and rural setting present strong potential for future development, subdivision, or a custom estate.
Scenic Views & Rural Charm: Offers panoramic views, abundant open space, and mature trees (olive, pomegranate, palm, eucalyptus), fostering a peaceful and private rural lifestyle.

Cons

Outdated & Small Primary Residence: The existing 1931-built, 688 sqft home is small and explicitly stated as 'ready for remodeling,' indicating significant immediate investment is required for modern living.
Potential for High Maintenance Costs: A 30.33-acre property with multiple wells, outbuildings, and extensive fencing will likely incur substantial ongoing maintenance and upkeep expenses.
Rural Location Specificity: While offering a peaceful lifestyle, the rural setting in Perris might not appeal to all buyers seeking closer proximity to dense urban centers or specific amenities, despite highway access.

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