16757 Old Guejito Grade Road, Escondido, California 92027, Escondido, 92027 - 15 bed, 13 bath
16757 Old Guejito Grade Road
Escondido, California 92027
Property Price
SUMMARY
Analysis of 16757 Old Guejito Grade Road, Escondido, California 92027 is currently available with a list price of $17,000,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Escondido 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1925, the listing explicitly states the main house is 'amazingly restored' and features 'luxurious main residence & amenities.' The extensive grounds, pool, greenhouse, and other facilities are meticulously maintained and appear to be in excellent condition. While specific interior photos of the main house's kitchen and bathrooms are not provided, the strong descriptive language implies a recent, high-quality renovation that brings all components up to current standards, aligning with the 'excellent' criteria for extensively renovated properties.
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 = 5009400, living area = 16000.
- Historic & Cultural Significance
The 'World Famous Melrose Ranch' boasts a rich history, including royal connections and a movie filming location, offering unparalleled prestige and unique appeal.
- Vast Income-Generating Estate
Spanning 115 acres, the property includes a main residence, extensive ranch infrastructure, and five additional leased homes, providing substantial rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5009400, other record lot size in square feet = 3485671. Living area discrepancy between mls listing and other public or private record. mls listing living area = 16000, other record living area = 4879.
- Exclusivity of Price Point
The $17 million list price targets a very niche market, potentially leading to a longer sales cycle and fewer prospective buyers.
- Operational Complexity & Maintenance
Managing a 115-acre estate with multiple residences, agricultural components, and extensive infrastructure demands significant ongoing operational effort and maintenance costs.
About 16757 Old Guejito Grade Road
World Famous Melrose Ranch - 115 Acres, originally built by Lord Somerville to entertain the Great Britain Royal Family, including King Edward VII, also used for filming of movie "Uncertain Glory" starring Errol Flynn in 1944. The ranch is amazingly restored. Stunning landscaping, main house is 6500 sq ft, 5 bedrooms, 3.5 bathrooms, with estate grounds along with greenhouse pool and private yard area, 16000 sq ft barn for horses and livestock, 8000 sq ft shop, 5 more houses on the ranch (all currently leased for additional income), 6 wells on property with 40,000 gal. collective tank, orchards, Texas longhorn cattle and more. This ranch is an opportunity of a lifetime.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,009,400 Sq. Ft.
Interior
- Total Bedrooms
- 15
- Total Bathrooms
- 13 (13 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 15.0 | 4.0 | 99% |
| Baths | 13.0 | 2.0 | 99% |
| Square foot | 16,000 | 1,820 | 99% |
| Lot Size | 5,009,400 | 7,300 | 99% |
| Price | $17.00M | $845.0K | 99% |
| Price per sq ft | $1.1K | $477 | 98% |
| Built year | 1925 | 1978 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 162 | 5% |
Pricing History
Listed for Sale
Jan 29, 2026
$17,000,000
Initial Listing
Sold
Oct 25, 1996
$375,000
Public Record
Sold
May 16, 1996
$850,000
Public Record