23841 Piedras, Lake Mathews, California 92570, Lake Mathews, 92570 - 7 bed, 4 bath
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Lake Mathews, California 92570
This Spacious Residential Estate represents a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,692,900 Fair Market Value by 11%. This valuation gap provides $193,900 in Instant Equity. Featuring a Good Condition Rating, the property includes a saltwater pool, panoramic mountain views, and a massive 45’ x 45’ metal storage building with RV hookups. While local school ratings are modest, the expansive 83,200 sqft lot offers immense versatility. This is an ideal acquisition for Owner-Occupants seeking a private compound or Investors targeting high-utility assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23841 Piedras Subject | $1,399,000* List Price | 7 | 4 | 4,070 | $390 | - |
A 17325 High Country Circle Sold | $1,700,000 | 5 | 4 | 3,984 | $427 | 1.0 mi |
B 23673 Kiowa Court Sold | $1,360,000 | 5 | 4 | 3,272 | $416 | 0.4 mi |
C 17320 High Country Circle Active | $1,549,000 List Price | 5 | 6 | 3,805 | $407 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property is well-maintained and move-in ready. The listing notes recent updates and rehab work prior to listing. While the kitchen and bathrooms retain some dated early-2000s aesthetics (wood cabinetry and standard tile), they are fully functional and clean. The home features modern laundry appliances, a saltwater pool, and updated systems, fitting the 10-20 year 'Good' criteria perfectly.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 83200, living area = 4070.
The property features a massive 45’ x 45’ metal storage building with 14’ clearance and three dedicated RV hookups, offering unparalleled versatility for collectors, hobbyists, or multi-generational living.
With 7 bedrooms and over 4,000 sqft of recently rehabbed interior, this home provides a move-in-ready solution for large families seeking a blend of modern comfort and rural privacy.
The local schools carry low ratings (ranging from 2 to 3 out of 10), which may be a significant drawback for families prioritizing high-performance educational environments.
A substantial $200,000 price reduction shortly after listing suggests initial overvaluation or market resistance, which could impact buyer confidence regarding long-term value stability.
Exceptional opportunity in desirable Lake Mathews! In an equestrian-oriented community with open space, horse trails, and arena access, 23841 Piedras Rd offers privacy, acreage, views, and lifestyle flexibility on approx. 1.91 acres. Enjoy Southern California country living with wide open skies, panoramic mountain, neighborhood, and trees/woods views, plus convenient access to cities, major freeways, shopping, dining, and amenities. This expansive property features approx. 4,070 sq. ft., with 7 bedrooms and 4 full bathrooms. The main house offers 5 bedrooms and 3 full bathrooms, while the casita/guest house offers 2 bedrooms and 1 full bathroom, creating a versatile layout for living, entertaining, guests, extended family, or multi-use. Most areas have been updated and/or rehabbed prior to listing, creating a move-in-ready feel while allowing room for the buyer’s personal vision. Outdoor living stands out with a heated saltwater in-ground pool and spa, spacious grounds, and usable outdoor areas. The property offers potential for equestrian, agricultural, recreational, storage, or lifestyle uses, subject to buyer verification with the appropriate county and governing authorities. The community setting, horse trails, and arena access add strong appeal for buyers seeking a horse-property lifestyle in Lake Mathews. A major added feature is the rear metal storage building, approx. 45’ x 45’ with approx. 14’ height clearance, offering excellent space for RVs, boats, equipment, vehicles, business inventory, or recreational “toys.” The property also includes three dedicated RV electrical and water hookups, providing additional flexibility for guests, recreational use, or extended living needs, subject to buyer verification. With its acreage, views, pool and spa, equestrian-community setting, RV hookups, large storage building, casita/guest house, and flexible layout, this property presents a unique opportunity to create a private estate, enjoy a rural lifestyle, or invest in a distinctive Lake Mathews property with long-term value. Offered at $1,349,000. Buyer to verify all information to buyer’s satisfaction, including but not limited to square footage, bedroom and bathroom count, main house and casita/guest house configuration, lot size, property boundaries, zoning, permits, condition, HOA, taxes, equestrian amenities, trail/arena access, allowable uses, RV hookups, improvements, and all MLS data. Information is deemed reliable but not guaranteed.
No exterior & parking available.
Grades K-6 • 4.1 mi
Grades K-5 • 7.0 mi
Grades 7-8 • 6.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 4,070 | - |
| Lot Size | 83,200 | - |
| Price | $1.40M | $1.01M |
| Price per sq ft | $344 | $409 |
| Built year | 2004 | 0 |
| HOA | $60.0 | $0 |
| Days on market | 58 | 98 |
Jun 28, 2026
$1,399,000
$1,349,000
+4% Price Increase
Initial Listing
Jun 8, 2026
$1,349,000
$1,479,000
-9% Price Drop
Initial Listing
Jun 6, 2026
$1,479,000
$1,499,000
-1% Price Drop
Initial Listing
May 26, 2026
$1,499,000
Initial Listing
May 25, 2026
$1,699,000
Initial Listing
Jul 27, 2016
$670,000
Public Record
Sep 9, 2013
$530,000
Public Record
Jun 1, 2004
$693,000
Public Record