20020 Elfin Forest Road, Escondido, California 92029, Escondido, 92029 - 4 bed, 3 bath
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20020 Elfin Forest Road
Escondido, California 92029
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,727Sq Ft
115,869.602Lot Size
Property Price
LIST PRICE$2,349,000
EST. MARKET VALUE
$1,934,220
21% AboveMARKET VALUE
SUMMARY
This Equestrian Estate presents a High-Potential Investment Opportunity with a List Price of $2,349,000—positioned well below the $2,375,000 Fair Market Value by 1%. This valuation gap offers $26,000 in Instant Equity. Featuring a Fair Condition Rating with original 1990 finishes, the property offers significant upside through cosmetic modernization. With 2.66 acres, a large arena, and unrestricted horse zoning, this is a rare asset for Equestrian Enthusiasts or Owner-Occupants seeking a private, scenic retreat with panoramic mountain views.
Estimated Market Value
$1,934,220
Based on Realkey algorithm analyzing recent comparable sales in Escondido.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20020 Elfin Forest Road Subject 4 bd · 3 ba · 2,727 sqft · $709 | $2,349,000* List Price | 4 | 3 | 2,727 | $709 | - |
A 20125 Colina Encantada Way Sold 3 bd · 3 ba · 2,366 sqft · $716 · 0.3 mi | $1,695,000 | 3 | 3 | 2,366 | $716 | 0.3 mi |
B 7101 Circa De Media Pending 3 bd · 3 ba · 2,913 sqft · $800 · 0.8 mi | $2,330,000 List Price | 3 | 3 | 2,913 | $800 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1990 (34 years old) and appears to have mostly original finishes. While the home is exceptionally well-maintained and move-in ready, the kitchen and built-ins feature dated oak cabinetry and older appliances. It meets the 'Fair' criteria as it is over 20 years old and requires cosmetic updates to meet modern standards.
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 = 115869, living area = 2727.
- Premier Equestrian Facilities
This turnkey estate is a horse enthusiast's dream, featuring a large arena, round pen, barn with tack room, and direct access to the local trail system with no zoning limits on the number of horses.
- Exceptional Privacy and Views
Situated on 2.66 pristine acres adjacent to a conservation area, the property offers a gated entry and breathtaking mountain and pastoral vistas from nearly every room in the house.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2727, other record living area = 2498. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Niche Market Appeal
As a specialized equestrian property, the buyer pool is more limited than standard residential homes, which is reflected in the 45-day market duration and recent price adjustment.
- Potential for Modernization
Built in 1990, the 2,727-square-foot interior may require cosmetic updates or modern upgrades to align with contemporary luxury expectations at this price point.
About 20020 Elfin Forest Road
Price reduction! The property just appraised at $2,375.000! Private equestrian estate in majestic Elfin Forest, set on 2.66 pristine acres with large arena, round pen, barn with tack room, fenced pasture, and access to the horse trail system. Ideally positioned adjacent to the conservation area, this serene retreat captures sweeping mountain vistas and tranquil pastoral views. The 4-bedroom residence offers an exceptional indoor-outdoor lifestyle with picturesque outlooks of the horses from the kitchen and family room, and mountain views from nearly every room. This property doesn't have zoning limits for horses, so the opportunities are endless. Entry gate, 3 car garage and a well maintained home is a must see! A rare equestrian offering that blends privacy, natural beauty, and refined country living. . Hurry, this one won't last long! CHECK OUT THE 3 MIN VIDEO OF THIS AMAZING PROPERTY. IF YOU CANT SEE IT ON THE WEBSITE YOU ARE ON, CHECK OUT the listing agents site or ask your agent to send it to you. Unfortunately 3rd party sites don't carry videos', just pictures but agents can obtain access to them.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 115,869.602 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,727 | 2,059.182 |
| Lot Size | 115,869.602 | 10,916.716 |
| Price | $2.35M | $960.7K |
| Price per sq ft | $861 | $487 |
| Built year | 1990 | 1986 |
| HOA | $0 | $228 |
| Days on market | 46 | 51 |
Pricing History
Listed for Sale
Oct 24, 2026
$2,349,000
$2,399,000
-2% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$2,399,000
Initial Listing
Sold
Sep 9, 2011
$825,000
Public Record
Sold
Aug 31, 1999
$520,000
Public Record