42659 Avenida Perris, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 4 bath

42659 Avenida Perris, Murrieta, California 92562 home-pic-0
ACTIVE$2,499,000
42659 Avenida Perris, Murrieta, California 92562
3Beds
4Baths
3,000Sqft
873,814Lot
Year Built
2004
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$833
HOA
-
Days on market
-
Sold On
-
MLS number
TR24254540
Home ConditionExcellent
Features
Good View: Hills, Meadow, Mountain(s), Pasture, Creek/Stream, Trees/Woods
Deck
ViewHills, Meadow, Mountain(s), Pasture, Creek/Stream, Trees/Woods

About this home

We found 3 Cons,7 Pros. Rank: price - $2.50M(99th), sqft - 3000(74th), beds - 3(45th), baths - 4(84th).

Wow! 20 amazing acres of all usable land in a mild microclimate w/ beautiful Tenaja weather, influenced by the ocean breeze & above the hot valley floor. Ocean is only 15 miles away as the crow fly's. Plentiful water w/ a natural running creek, very productive Water Well along w/ connected City Water, will keep the property lush year-round. This is the Ultimate Family Compound w/ an enormous 7400 +/- square foot Barn that currently has approximately 3000 sq ft of built out living space consisting of three separate newly remodeled 1 bed/1 bath self-contained apartments, additional common kitchen, office, storage and laundry rooms. The current owner has massively improved the property with over $1,500,000 in recent improvements. There is a 5.75 acre elevated building pad if you choose to add a large home with a million-dollar view overlooking the ranch, mountains & spectacular rock outcroppings on the neighboring properties. Housing plans are included. The Ronald Reagan Ranch is directly across the street, with the rich history of the Old California Ranchero and tons of riding/hiking trails. For the horse lover there are world class arenas, Dressage Court 70' x 200' w/ stone viewing bleachers, large performance/jumping arena 100' x 200', 60' round pen, large 70' x 135' turnout arena, numerous grass turnouts w/ shelters, numerous paddocks, several pastures, 30' x 40' equipment/hay barn, trailer parking & well thought out crossties & farrier area. Recent large investments made in infrastructure, entire property is fenced and cross fenced, riding trails and pathways throughout the property, hundreds of trees, bushes and landscaping added, numerous fire hose hook ups, sophisticated drainage system installed throughout the parcel and irrigation run to all areas. High-end Interior Barn remodel. This is truly the most beautiful and impressive parcel in Murrieta, only 9 miles to town with a Costco, Home Depot, restaurants & all the shopping convivences you could ever want. See Video and Matterport 3D interactive video of the entire property. Great areas to add Solar and with the high production Water Well & very fertile soil, you can grow your own vegetables and fruit. So many possibilities for this amazing offering.

Nearby schools

9/10
Cole Canyon Elementary School
Public,K-56.5mi
5/10
Wildomar Elementary School
Public,K-57.3mi
5/10
Maie Ellis Elementary
Public,K-69.9mi
9/10
San Onofre Elementary School
Public,K-616.6mi
3/10
David A. Brown Middle School
Public,6-86.7mi
6/10
Thompson Middle School
Public,6-86.9mi
9/10
Mary Fay Pendleton Elementary School
Public,K-812.9mi
8/10
Murrieta Valley High School
Public,9-127.0mi
5/10
Elsinore High School
Public,9-128.4mi
5/10
Fallbrook High School
Public,9-1212.1mi
Condition Rating
Excellent

The property, built in 2004, features living spaces within a barn that have undergone a 'high-end interior barn remodel' with 'newly remodeled' apartments and over $1,500,000 in recent improvements. The images confirm this, showcasing kitchens and bathrooms with modern white shaker cabinets, stainless steel appliances, contemporary light fixtures, new wood-look flooring, and stylish finishes. All components appear virtually new and meet current quality standards, indicating an extensive renovation within the last 5 years, aligning perfectly with the 'Excellent' score criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 873814, living area = 3000.
Great Schools: Elementary School: San Onofre Elementary School (9/10). Middle School: Mary Fay Pendleton Elementary School (9/10).
Expansive & Usable Land: The property boasts 20 acres of all usable land in a mild microclimate influenced by ocean breezes, offering significant space and versatility.
Abundant Water Resources: Plentiful water is available from a natural running creek, a productive water well, and connected city water, ensuring lush grounds year-round.
Extensive Equestrian Facilities: Features world-class equestrian amenities including a 70'x200' Dressage Court with stone bleachers, a 100'x200' performance/jumping arena, a 60' round pen, numerous turnouts, paddocks, and a dedicated farrier area.
Significant Infrastructure & Development Potential: Over $1,500,000 in recent improvements, including fencing, drainage, irrigation, and a 5.75-acre elevated building pad with included housing plans for a main home with a million-dollar view.
Income-Generating/Guest Accommodations: The 7400 sq ft barn contains approximately 3000 sq ft of newly remodeled living space, comprising three separate 1 bed/1 bath self-contained apartments, a common kitchen, office, and laundry.

Cons

Lack of Primary Residence: The main living quarters are currently within a remodeled barn, meaning a traditional primary residence would need to be built, requiring substantial additional investment and time.
High Maintenance & Operational Costs: A 20-acre property with extensive equestrian facilities, landscaping, and multiple water sources will likely incur significant ongoing maintenance, utility, and operational expenses.
Niche Market Appeal: The property's specialized equestrian focus and large acreage cater to a specific buyer demographic, which may limit the overall market size and potentially extend the selling period.

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