12986 Macdonald Drive, Ojai, California 93023, Ojai, 93023 - 5 bed, 5 bath
12986 Macdonald Drive
Ojai, California 93023
Property Price
SUMMARY
Analysis of 12986 Macdonald Drive, Ojai, California 93023 reveals a Prime Investment Opportunity with a current list price of $3,495,000—significantly undercutting the $3,689,834 Fair Market Value by 5%. This valuation gap indicates a +$194,834 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Ojai Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12986 Macdonald Drive Subject | $3,495,000* List Price | 5 | 5 | 4,776 | $773 | - |
A 12750 Macdonald Drive Active | $3,750,000 List Price | 5 | 4 | 4,244 | $884 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2000, this Mediterranean estate is 24 years old. While the property is exceptionally well-maintained with quality materials like travertine and solid hardwood flooring, the kitchen and bathrooms reflect the aesthetic of its original construction era. The kitchen features granite countertops and a double white sink, and the bathrooms have light wood cabinetry and tile work that, while clean and functional, appear dated compared to current trends. The property is in good condition overall but would benefit from minor cosmetic updates in these key areas to align with modern styles.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 127630, living area = 4776.
- Exclusive Gated Community & Privacy
Located in the exclusive gated community of Rancho Matilija, offering enhanced security, prestige, and unmatched privacy, further augmented by bordering the Ojai Land Conservancy and Ventura River.
- Breathtaking Panoramic Views
The property boasts sweeping views of the Ojai Valley, the iconic Topa Topa Mountains, and Ojai's famous 'Pink Moment' from multiple vantage points, creating a serene and picturesque living experience.
CONSRISKS & DEFICIENCIES
- Premium Price Point
The $3.495M listing price is at the very high end of the market, potentially limiting the buyer pool and requiring strong justification against comparable properties, especially with the estimated value being slightly lower.
- Ongoing Association Fees
A monthly association fee of $450 adds a significant recurring cost to ownership, which is a consideration for long-term budgeting.
- Absence of a Pool/Spa
Despite the large lot size and luxury status in a warm California climate, the property description does not mention a pool or spa, which is a highly desired amenity for many buyers in this price range and location.
About 12986 Macdonald Drive
Elegant Mediterranean Estate - Located in the exclusive gated community of Rancho Matilija, this stunning home captures the serene beauty of Ojai with vistas from every angle. Bordered by the Ojai Land Conservancy and Ventura River, the property offers unmatched privacy and direct access to equestrian and pedestrian trails leading to the Los Padres National Forest and surrounding neighborhood paths. Enjoy sweeping views of the Ojai Valley and the iconic Topa Topa Mountains, the home features five spacious bedrooms and five bathrooms, including a primary suite with stunning views, a luxurious en-suite bathroom, and a large walk-in closet. Designed with comfort and style in mind, the open floor plan includes travertine flooring in the entry and kitchen, solid hardwood in main living areas, and three inviting fireplaces. Additional features include a three-car garage and an EV charger.Set on almost 3 acres with a vast variety of plants and trees including: citrus, palm, and olive trees, the backyard offers a tranquil escape with breathtaking views of Ojai's famous Pink Moment. Just minutes from Lake Casitas, downtown Ojai, and top private schools, the property is also within easy reach of Ventura, Carpentaria, Santa Barbara, and Los Angeles.Also available for lease for $14,500/month
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 127,630.797 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $450.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 5.0 | 2.5 | 92% |
| Square foot | 4,776 | 1,660 | 97% |
| Lot Size | 127,630.797 | 11,543 | 89% |
| Price | $3.50M | $1.23M | 95% |
| Price per sq ft | $732 | $706 | 61% |
| Built year | 2000 | 1961 | 94% |
| HOA | $450.0 | $0 | 98% |
| Days on market | 134 | 192 | 28% |
Pricing History
Listed for Sale
Oct 24, 2025
$3,495,000
Initial Listing