
Hemet, California 92544
This Italian Villa Estate is a High-Potential Investment Opportunity, listed at $999,500—positioned well below the $1,033,193 Fair Market Value by 3%. This valuation gap offers $33,693 in Instant Equity for buyers. Boasting a Condition Rating of 4, the 3,677 sqft residence features panoramic views of Diamond Lake and a private one-acre gated lot. While move-in ready, the original 1988 architectural details provide significant upside for modernization within the Hemet Unified School District. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Property is moderate renovation needed.
Built in 1988 and offered for the first time, this estate is exceptionally well-maintained but remains largely in its original condition. While the property is move-in ready, the interior features significant aesthetic obsolescence, including 1980s-style gold-tone railings and fixtures, white tile countertops with wide grout lines in the wet bar, and dated floral window treatments. The kitchen and bathrooms, while functional, require comprehensive modernization to meet contemporary luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41818, living area = 3677.
Situated on nearly an acre behind a private electric security gate, the estate offers breathtaking 360-degree views of the valley, surrounding hills, and Diamond Lake.
The Italian Villa design features a grand foyer with a crystal chandelier, porcelain flooring, and an ornate staircase, providing a sophisticated and timeless aesthetic.
Being offered for the first time since its 1988 construction, some interior elements and appliances may require updating to meet contemporary luxury standards.
The extensive nearly one-acre lot with mature landscaping, fruit trees, and intricate brick hardscaping will require significant ongoing effort and expense to maintain.
Italian Villa Estate – First Time on the market. Experience timeless elegance in this stunning two-story estate, built in 1988 and offered for the first time. Situated on nearly one acre behind a private electric security gate, this exceptional property offers panoramic views of the valley and Diamond Lake, 3,677 square feet of living space, four bedrooms, five baths, and a three-car garage complete with a three-quarter bath. Step through the grand front entry into a gracious foyer illuminated by a dazzling crystal chandelier. Porcelain floors, a formal sunken living room, and an ornate staircase set the tone for the home’s refined character and architectural beauty. The formal dining room is designed for memorable entertaining, featuring elegant finishes, a statement chandelier, and beautiful porcelain flooring that creates a sophisticated ambiance. Adjacent to the dining area is a spacious recreation room perfect for gatherings. Appointed with Tiffany-style ceiling lighting, plush carpeting, a large wet bar, and a convenient half bath, this space is ideal for hosting family and guests alike. A sun-filled den with distinctive lunette windows offers privacy and sweeping views, making it perfect for a home office, library, or media room. An additional half bath is located nearby for convenience. The generously sized kitchen is thoughtfully designed with abundant cabinet and counter space, a large electric cooktop, built-in microwave, and newer French-door refrigerator. The laundry room is conveniently located just off the kitchen. Upstairs, you’ll find four bedrooms and two full baths, along with dual balconies on either side of the home that capture breathtaking views. The expansive primary suite is a true private retreat, complete with its own fireplace, wet bar, and an oversized balcony offering nearly 360-degree panoramic views of the valley, surrounding hills, and Diamond Lake. The luxurious en-suite bath features a large vanity with dual sinks, a spacious shower, two closets (including a walk-in), and an elegantly designed private whirlpool tub. Outdoors, enjoy breakfast on your private patio with an Alumawood cover, built-in barbecue, lush lawn, and mature shrubs and trees. A stately red brick staircase, leads down to beautifully landscaped gardens, fruit trees, and picturesque views below. This remarkable estate embodies classic charm, refined living, and the ultimate luxury—privacy
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 5.0 | 2.0 | 98% |
| Square foot | 3,677 | 1,653 | 97% |
| Lot Size | 41,818 | 8,712 | 88% |
| Price | $999.5K | $460.0K | 98% |
| Price per sq ft | $272 | $281 | 45% |
| Built year | 1988 | 1979 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 180 | 1% |
Apr 3, 2026
$999,500
Initial Listing