22937 I Street, Santa Margarita, California 93453, Santa Margarita, 93453 - 3 bed, 2 bath
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Santa Margarita, California 93453
Analysis of 22937 I Street, Santa Margarita, California 93453 is currently available with a list price of $2,000,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Margarita 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.
Property is move-in ready.
Although originally built in 1952, the property is described as having thoughtful updates and being move-in ready for immediate enjoyment. The ranch-style residence features updated interior elements, well-maintained flooring, and functional kitchen and bathroom spaces. The overall quality of the home, combined with the well-kept exterior amenities like the pool and horse barn, meets the criteria for a well-maintained property within its expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 351094, living area = 2368.
The 8-acre property is zoned for one-acre parcels with a subdivision map in progress for six lots, offering a rare opportunity to build five additional homes while residing in the existing residence.
Ideal for horse enthusiasts, the estate features a dedicated horse barn and paddocks, complemented by a private pool and a spacious ranch-style layout.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =351094, other record lot size in square feet = 346302.
The full development value is contingent upon the finalization of the subdivision map, which may involve additional time, costs, and regulatory approvals.
Built in 1952, the primary residence and outbuildings may require ongoing maintenance or further modernization to meet contemporary standards despite previous updates.
Unique Lifestyle and Development Opportunity This approximately 8-acre property backs to the expansive Santa Margarita Ranch, offering privacy, open space, and a truly special setting. An existing single-level, ranch-style residence of approximately 2,300 square feet sits on a one-acre parcel and features three bedrooms, two bathrooms, thoughtful updates, a pool, a horse barn, and paddocks. The remaining acreage is zoned for one-acre parcels. Upon finalization of the subdivision map, the property will consist of six one-acre lots, with five currently undeveloped, providing the rare opportunity to reside in the existing home while developing and building the remaining homesites. A compelling blend of immediate enjoyment and future potential in one of Santa Margarita’s most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,368 | 1,509 | 75% |
| Lot Size | 351,094 | 112,820.5 | 58% |
| Price | $2.00M | $905.0K | 92% |
| Price per sq ft | $845 | $581 | 75% |
| Built year | 1952 | 1986 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 170 | 25% |
Jan 5, 2026
$2,000,000
Initial Listing
Jan 16, 2024
$2,000,000
Public Record