235 Walnut Hills Dr, San Marcos, California 92078, San Marcos, 92078 - 3 bed, 3 bath
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San Marcos, California 92078
This Equestrian Residential Estate is a unique High-Potential Investment Opportunity, listed at $1,749,000—positioned well above the $1,397,106 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating following high-end renovations and offers rare Equestrian Zoning on a usable one-acre lot. With the potential for Site Divisibility to add a second residence, this asset provides significant long-term development upside. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey lifestyle with substantial land-use flexibility.
Property is new construction or fully renovated.
While originally built in 1977, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen and bathrooms feature modern shaker cabinetry, subway tile, and marble surfaces. The addition of solar and the mint condition of the interior finishes meet the criteria for excellent condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43995, living area = 2492.
The property features a rare, usable one-acre lot fully equipped for equestrian life, including zoning for three horses, a large stall, hay storage, and expansive pasture.
Significant value-add opportunity exists as the site may be divisible to allow for a second full residence, providing flexibility for investors or multi-generational living.
Built in 1977, the property may have aging underlying systems or structural elements that require more maintenance than a newer construction home.
At a price point of $1.749M, the three-bedroom configuration may be considered restrictive for larger families or buyers seeking more dedicated office spaces.
Beautifully upgraded and thoughtfully designed, this equestrian property offers a unique blend of charm and modern ranch living on a usable one-acre lot. The 3-bedroom, 3-bath residence showcases stylish upgrades throughout, including a spacious primary suite and a gorgeous floor-to-ceiling stone fireplace that serves as the standout feature of the living room. Equestrian amenities include zoning for up to three horses, a large stall, crossties, hay storage, expansive pasture, and dedicated goat and chicken enclosure. Per the City of San Marcos, the site may be divisible to allow an entire second home. Complete with solar, this charming property offers space, flexibility, and a lifestyle that embraces rural elements, everyday comfort and investment potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,492 | 2,182 | 66% |
| Lot Size | 43,995 | 6,219 | 97% |
| Price | $1.75M | $1.31M | 83% |
| Price per sq ft | $702 | $587 | 80% |
| Built year | 1977 | 1998 | 23% |
| HOA | $0 | $93 | 33% |
| Days on market | 18 | 135 | 6% |
May 26, 2026
$1,749,000
Initial Listing
Mar 30, 2015
$595,000
Public Record