22937 I Street, Santa Margarita, California 93453, Santa Margarita, 93453 - 3 bed, 2 bath
22937 I Street
Santa Margarita, California 93453
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
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 = 351094, living area = 2368.
- Significant Development Potential
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.
- Premium Equestrian Facilities
Ideal for horse enthusiasts, the estate features a dedicated horse barn and paddocks, complemented by a private pool and a spacious ranch-style layout.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Pending Subdivision Finalization
The full development value is contingent upon the finalization of the subdivision map, which may involve additional time, costs, and regulatory approvals.
- Aging Infrastructure
Built in 1952, the primary residence and outbuildings may require ongoing maintenance or further modernization to meet contemporary standards despite previous updates.
About 22937 I Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 351,094 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,368 | 1,532 | 77% |
| Lot Size | 351,094 | 108,900 | 62% |
| Price | $2.00M | $807.0K | 92% |
| Price per sq ft | $845 | $598 | 85% |
| Built year | 1952 | 1990 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 198 | 15% |
Pricing History
Listed for Sale
Jan 5, 2026
$2,000,000
Initial Listing
Sold
Jan 16, 2024
$2,000,000
Public Record