23140 Western Crest Drive, Lake Mathews, California 92570, Lake Mathews, 92570 - 4 bed, 4 bath
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Lake Mathews, California 92570
This Spacious Ranch Estate is listed at $1,000,000, offering price stability near its $947,303 Fair Market Value. Holding a Condition Rating of 4, the original-owner home is well-maintained but primed for modernization to unlock value. The property features a 2.14-acre lot with a private water well, mountain views, and a covered patio with No HOA or Mello Roos in the Perris Union High district. Located near Hartford Springs Reserve, it is a perfect fit for Owner-Occupants seeking a rural sanctuary or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23140 Western Crest Drive Subject | $1,000,000* List Price | 4 | 4 | 2,755 | $344 | - |
A 17844 Copper Queen Ln. Sold | $990,000 | 4 | 2 | 2,310 | $429 | 0.4 mi |
B 17920 Pony Butte Court Sold | $950,000 | 4 | 3 | 2,608 | $364 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995 and maintained by the original owner, the home is in clean, functional condition but remains largely unrenovated. The kitchen features dated white-on-white appliances, original cabinetry, and fluorescent lighting, while the flooring and fixtures throughout reflect 1990s styling. It meets the 'fair' criteria as an aged but well-kept property requiring cosmetic and functional updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 93218, living area = 2755.
The 2.14-acre lot offers exceptional privacy and versatility, featuring a private water well for irrigation and ample flat space to build a workshop, swimming pool, or an ADU.
Located in a premier neighborhood with no HOA fees and no Mello Roos assessments, this property provides a significantly lower tax burden and fewer restrictions than competing luxury estates.
Built in 1995 and held by the original owner, the interior likely requires cosmetic updates and modern upgrades to meet the expectations of today's luxury ranch buyers.
A recent $80,000 price reduction suggests the property may have faced challenges with its initial market positioning, potentially indicating a need for further value alignment.
**RANCH ESTATE ON 2.14 ACRE** ORIGINAL OWNER**LAKE MATHEWS/GAVILAN HILLS.*NO HOA**LOW PROPERTY TAXES** This offering includes a 4 bedroom, 4 bathroom 2755 square foot ranch home with a 3 car garage on 2.14 acres. The impressive curb appeal with a gazebo in the front, surrounded by white two rail vinyl fencing will draw you into this single level ranch home situated in a luxurious estate neighborhood. The property has all of the amenities of a home in town but with the quiet serene surroundings of the beautiful countryside, and just down the road from the 325 acre Hartford Springs Reserve Nature Park. The quiet evenings and impressive sunsets will quench your desire to live in the country, and yet only minutes to restaurants and entertainment. The property also includes a 3 car garage with direct access, a covered front porch, and a covered back patio that accesses your backyard lawn while opening up to the balance of the 2.14 acres. In addition there is a water well on the property that may be used for your irrigation. You have plenty of room to build a workshop, a swimming pool, and an additional dwelling unit (ADU). This is the most sought after neighborhood in the Lake Mathews / Gavilan Hills area AND this is one of the few homes in the area that has NO HOMEOWNERS ASSOCIATION and NO MELLO ROOS. **MILES OF TRAILS FOR HIKING AND HORSE RIDING**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 2,755 | 2,287 | 73% |
| Lot Size | 93,218.398 | 10,890 | 81% |
| Price | $1.00M | $635.0K | 89% |
| Price per sq ft | $363 | $311 | 73% |
| Built year | 1995 | 2005 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 179 | 12% |
Apr 9, 2026
$1,000,000
$1,080,000
-7% Price Drop
Initial Listing
Feb 3, 2026
$1,080,000
Initial Listing
May 31, 1995
$320,000
Public Record