
Escondido, California 92026
This Turnkey Single-Story Estate represents a High-Potential Investment Opportunity, currently listed at $1,299,990. While priced above the $1,125,194 Fair Market Value, the property offers significant long-term value through its 2022 down-to-the-studs rebuild and Income-Generating Casita. Featuring a chef's kitchen, owned solar system, and panoramic hill views, the home maintains an Excellent Condition Rating. With nearly half an acre of land and RV parking, this versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking multigenerational living and rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1889 Rockhoff Rd. Subject | $1,199,999* List Price | 3 | 3 | 2,041 | $530 | - |
A 1629 Carol Lee Lane Sold | $889,000 | 3 | 2 | 1,525 | $583 | 0.5 mi |
B 1646 Carol Lee Ln Sold | $870,000 | 3 | 3 | 1,681 | $518 | 0.4 mi |
C 1989 Rockhoff Road Active | $1,324,900 List Price | 4 | 3 | 2,757 | $481 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a complete down-to-the-studs rebuild in 2022, placing all major systems including HVAC, electrical, plumbing, and the roof within the <5-year renovation window. The interior features a modern chef's kitchen with a waterfall island and high-end appliances, fully remodeled bathrooms with walk-in showers, and updated Milgard windows, representing mint condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20482, living area = 2041.
The property underwent a complete down-to-the-studs reconstruction in 2022, featuring all-new major systems including a new roof, HVAC, plumbing, electrical, and a fully owned 18-panel solar system, offering the peace of mind of a new construction home.
A private studio casita with a full kitchen and bathroom provides excellent versatility for multigenerational living or rental income, having previously commanded approximately $1,600 per month.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2041, other record living area = 1841. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The listing has undergone two price reductions within a very short timeframe, which may indicate that the initial asking price was aggressive relative to current market demand in the Escondido area.
At a list price of $1.299M for 2,041 square feet, the property sits at a high price-per-square-foot for the 92026 zip code, which may challenge appraisals or buyers looking for more interior living space at this price point.
Completely rebuilt down to the studs in 2022, this modern Spanish-style single-story home sits on a private, nearly half-acre usable lot with TWO large, separate outdoor areas—and the expansive front lot is actually larger than the backyard. This rare amount of flat, usable land creates incredible possibilities for an additional ADU, oversized garage or workshop, pole barn, pool, RV/boat storage, recreational space, or expanded outdoor living, subject to applicable approvals. With room for 10+ vehicles and a second large backyard with plenty of space for a pool and more, the value and versatility of this property simply cannot be captured in photos. More than $250,000 has been invested in renovations and improvements, including a newer roof, updated plumbing and electrical, new subpanels, EV charger capability, Milgard lifetime-warranty dual-pane windows, smooth Santa Barbara stucco, new HVAC ducting and venting, newer AC condenser, and 18 fully owned solar panels installed in 2023—with no electric bill since installation. The property features a beautifully remodeled 3-bedroom, 2-bath main residence plus a private studio casita/ADU with its own full kitchen, living area, closet, full bathroom, and separate entrance—giving the property the functionality of a 4-bedroom, 3-bath home. The casita previously generated approximately $1,600/month in rental income, providing excellent flexibility for guests, multigenerational living, a home office, or additional income. Inside, modern luxury finishes are paired with warm Spanish character. The designer kitchen showcases a waterfall island, soft-close cabinetry, full tile backsplash, walnut floating shelves, premium stainless-steel appliances, and professional-style 6-burner range with stainless hood. Luxury vinyl plank flooring, recessed lighting, ceiling fans, custom closet systems, and three extensively remodeled bathrooms complete the interior. Outside, mature palms and jacarandas, fruit trees, raised garden beds, a pergola-covered patio, and extensive concrete improvements complement the two substantial usable portions of the property. The oversized front lot offers tremendous flexibility, while the separate backyard provides another large private area for entertaining, a future pool, gardening, or additional improvements. Ideally located near the Escondido/San Marcos border with quick access to I-15 and Highway 78, this is a rare combination of $250K+ in improvements, modern luxury finishes, 18 owned solar panels with no electric bill, an income-producing casita, and nearly half an acre of highly usable land with exceptional future potential. The size of the front lot in particular must be seen in person to fully appreciate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,041 | 2,064.88 |
| Lot Size | 20,482 | 11,184.88 |
| Price | $1.20M | $956.1K |
| Price per sq ft | $588 | $491 |
| Built year | 1974 | 1985 |
| HOA | $0 | $236 |
| Days on market | 104 | 47 |
Jul 12, 2026
$1,199,999
$1,249,990
-4% Price Drop
Initial Listing
Jun 27, 2026
$1,249,990
$1,274,990
-2% Price Drop
Initial Listing
Jun 23, 2026
$1,274,990
$1,289,000
-1% Price Drop
Initial Listing
Jun 13, 2026
$1,289,000
$1,289,990
+0% Price Increase
Initial Listing
Jun 5, 2026
$1,289,990
$1,299,990
-1% Price Drop
Initial Listing
Jun 3, 2026
$1,299,990
$1,324,990
-2% Price Drop
Initial Listing
May 31, 2026
$1,324,990
$1,349,990
-2% Price Drop
Initial Listing
May 28, 2026
$1,349,990
Initial Listing
Apr 7, 2022
$823,000
Public Record