
Rancho Santa Fe, California 92067
This Rancho Santa Fe Covenant Estate is a High-Potential Investment Opportunity, listed at $5,000,000—positioned well below the $5,165,168 Fair Market Value by 3%. This valuation gap offers $165,168 in Instant Equity. Featuring a 3-acre compound with equestrian facilities, a swimming pool, and unobstructed mountain views, the property maintains a Condition Rating of 3. While the kitchen and family rooms invite personalization, the home’s Top-Rated Schools and prime location make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18044 Loma Alegre Subject | $5,000,000* List Price | 6 | 7 | 6,030 | $857 | - |
A 528 Flores De Oro Sold | $4,500,000 | 5 | 4 | 4,501 | $1,000 | 0.7 mi |
B 3028 Paseo Cielo Active | $4,999,999 List Price | 6 | 6 | 5,467 | $915 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1990, the estate has undergone a high-end contemporary remodel featuring premium materials like white oak and Zellige tile. It is move-in ready and well-maintained; however, the listing explicitly notes that the kitchen and family rooms are candidates for future redesign, which prevents an 'excellent' rating under the strict criteria for kitchen updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 131986, living area = 6030.
Elementary School: Solana Vista Elementary School (10/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
This rare three-acre compound features a comprehensive suite of amenities including equestrian facilities with a barn, a grandfathered tennis court, a swimming pool, and two detached guest houses.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6030, other record living area = 5762. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The kitchen, dining, and family rooms are identified as areas for future redesign, suggesting these primary living spaces may require additional capital investment to match the home's updated aesthetic.
The scale of the three-acre grounds, combined with specialized equestrian facilities, a private well, and multiple detached structures, implies high ongoing maintenance costs and management effort.
Perched across three tranquil acres in the rolling hills of northern Rancho Santa Fe, “Ranchito Alegre” is an exceptionally rare Covenant estate blending timeless Mediterranean ranch architecture with refined contemporary organic design. Reimagined by Studio SK and remodeled by Agee Construction, the single-story 4,400+ square foot main residence, accompanied by two detached guest homes, creates a compound of more than 6,000 square feet designed for relaxed luxury living. Soaring ceilings, transom windows, skylights, smooth white walls, Limewash detail, Zellige tile, white oak cabinetry, and unlacquered brass fixtures create a warm and inviting atmosphere throughout. Equally rare is the property’s irreplaceable combination of amenities all on one estate: equestrian facilities with barn and riding space, a grandfathered tennis court, swimming pool, organic garden, chicken coop, private well, and two guest houses, all set against unobstructed views of the pristine northwestern Rancho Santa Fe hillsides with no homes behind you. The property also offers the opportunity to further elevate the estate through a future redesign of the kitchen, dining, and family rooms, allowing room to grow and personalize over time. Located within the Covenant, residents enjoy exclusive access to Roger Rowe School, the Rancho Santa Fe Golf Club, Tennis Club, and over 60 miles of riding and walking trails just moments away. Just 12 minutes from the beach, Ranchito Alegre represents one of the Ranch’s most compelling lifestyle offerings this year.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades K-6 • 1.6 mi
Grades PK-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 7.0 | 6.0 |
| Square foot | 6,030 | 5,540 |
| Lot Size | 131,986 | 92,129.4 |
| Price | $5.00M | $4.88M |
| Price per sq ft | $829 | $924 |
| Built year | 1990 | 2003 |
| HOA | $687.5 | $848 |
| Days on market | 29 | 79 |
Jun 23, 2026
$5,000,000
Initial Listing
Aug 4, 2021
$3,923,500
Public Record