111 S Mahan Street, Ridgecrest, CA 93555, Ridgecrest, 93555 - 5 bed, 6 bath

111 S Mahan Street, Ridgecrest, CA 93555 home-pic-0
ACTIVE$3,500,000$8,304/sqft
111 S Mahan Street, Ridgecrest, CA 93555
5Beds
6Baths
8,304Sqft
76,230Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 76230, living area = 8304.
Top Cons:
Niche Market & Location Constraints: Situated in Ridgecrest, a market not typically associated with multi-million dollar luxury estates, which may significantly limit the pool of potential high-net-worth buyers for a property of this scale and price point.

Compared to the nearby listings

Price:$3.50M vs avg $235.0K (+$3,265,000)97%
Size:8,304 sqft vs avg 1,388 sqft97%
Price/sqft:$421 vs avg $17197%

More Insights

Built in 2011 (15 years old).
Condition: Built in 2011, this property is described as a 'rare masterpiece' showcasing 'unparalleled craftsmanship' and 'modern luxury.' The chef's kitchen boasts top-tier Viking and Sub-Zero appliances, and the bathrooms are described as 'luxurious en-suites.' Significant recent updates include a 'completely remodeled cottage' and a 'restored train car with new heating and cooling system,' along with a 'fully paid solar system.' These features, combined with the high-end materials and meticulous maintenance implied by the description, indicate a property that meets current quality standards with virtually no deferred maintenance, aligning with an excellent condition despite its 13-year age.
Year Built
2011
Close
-
List price
$3.5M
Original List price
-
Price/Sqft
$421
HOA
$0
Days on market
-
Sold On
-
MLS number
OC25057292
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

A Rare Masterpiece: The Grand Manor, one of the most extraordinary estates on the market, is a true statement of luxury and craftsmanship. The cost to recreate this property today would be several million dollars more than its listing price, with the perimeter walls alone valued at nearly $800,000. Beyond custom-crafted iron gates, a gracefully lit circular driveway winds through lush landscaping and serene water features, setting the stage for the breathtaking elegance that awaits. Step through massive Tuscan-style double doors into an expansive living room featuring soaring ceilings, a grand fireplace, and floor-to-ceiling windows overlooking the showstopping rock pool with a cascading waterfall and exhilarating slide. For the culinary enthusiast, the chefs kitchen is a dream, equipped with top-tier Viking stainless steel appliances, a Sub-Zero refrigerator, dual sinks, and an oversized pantry. The adjacent spacious family room is both inviting and elegant, anchored by a striking brick fireplace and bathed in natural light. A dedicated media room with built-in cabinetry and surround sound wiring completes the entertainment experience. This estate boasts five luxurious en-suite bedrooms, including two grand primary suites. The distinguished library/office is a work of art, featuring rich mahogany paneling, a stately fireplace, and an impressive hearth. Even the laundry room is thoughtfully designed, complete with a custom dog-washing station. Car collectors will appreciate the expansive oversized 10-car garage, while outdoor enthusiasts will revel in the stunning backyard retreata sprawling brick patio, sparkling pool, outdoor bathroom, and impeccably manicured grounds. Plus, with the massive fully paid solar system, sustainability meets sophistication. Adding to its unique appeal, there is a completely remodeled cottage that provides an ideal space for extended family or a lucrative Airbnb opportunity. As a rare and whimsical bonus, the estate includes a charmingly restored train carcomplete with a bathroom, new heating, and cooling system, offering a truly one-of-a-kind touch to this magnificent property. The Grand Manor is more than a homeits a legacy. Experience timeless elegance, modern luxury, and unparalleled craftsmanship in one of the most remarkable properties in the state. Perfect fit for Hospitality groups, Event or Production Companies or Luxury Event Services.

C
Chayan Alavi
Listing Agent

Price History

Date
Event
Price
06/16/23
Sold
$1,450,000
05/20/22
Sold
$1,300,000
Condition Rating
Excellent

Built in 2011, this property is described as a 'rare masterpiece' showcasing 'unparalleled craftsmanship' and 'modern luxury.' The chef's kitchen boasts top-tier Viking and Sub-Zero appliances, and the bathrooms are described as 'luxurious en-suites.' Significant recent updates include a 'completely remodeled cottage' and a 'restored train car with new heating and cooling system,' along with a 'fully paid solar system.' These features, combined with the high-end materials and meticulous maintenance implied by the description, indicate a property that meets current quality standards with virtually no deferred maintenance, aligning with an excellent condition despite its 13-year age.
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 = 76230, living area = 8304.
Unparalleled Luxury & Craftsmanship: The estate is described as a 'rare masterpiece' with 'timeless elegance, modern luxury, and unparalleled craftsmanship,' featuring high-end materials and custom details throughout, including an $800,000 perimeter wall.
Extensive Resort-Style Amenities: Boasts a gourmet chef's kitchen with Viking and Sub-Zero appliances, a dedicated media room, luxurious library, resort-style rock pool with waterfall and slide, and a massive 10-car garage, offering a comprehensive luxury lifestyle.
Income Potential & Commercial Versatility: Includes a completely remodeled guest cottage ideal for extended family or Airbnb, and is explicitly marketed as suitable for hospitality groups, event, or production companies, offering diverse revenue opportunities.
Exceptional Value Proposition: The property's replacement cost is estimated to be 'several million dollars more than its listing price,' indicating significant intrinsic value and high-quality construction that would be prohibitive to replicate today.
Unique & Sustainable Features: Features a massive fully paid solar system for energy efficiency and a charmingly restored train car complete with modern amenities, adding a distinctive and whimsical touch to the estate.

Cons

Niche Market & Location Constraints: Situated in Ridgecrest, a market not typically associated with multi-million dollar luxury estates, which may significantly limit the pool of potential high-net-worth buyers for a property of this scale and price point.
High Ongoing Maintenance & Operating Costs: The expansive 8,304 sqft property on a 1.75-acre lot with extensive landscaping, multiple structures, and complex features will incur substantial ongoing maintenance, utility, and insurance expenses.
Market Acceptance of Price Point: Despite the stated replacement cost, the $3.5 million list price represents a significant premium over recent sales in the area, potentially posing challenges for market acceptance and appraisal in the Ridgecrest market.
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