29960 Greenwater Drive, Tehachapi, CA 93561, Tehachapi, 93561 - 3 bed, 3 bath
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Tehachapi, CA 93561
This Spacious Horse Property is a Strong Value Opportunity, listed at $330,000—positioned well below the $360,238 Fair Market Value by 8%. This valuation gap provides $30,238 in Instant Equity for buyers. Currently holding a Fair Condition Rating, the home offers Mountain and Valley Views and premium Bear Valley Springs amenities, including an equestrian center and golf course. With an unfinished downstairs area ready for conversion, this property is ideal for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29960 Greenwater Drive Subject | $330,000* List Price | 3 | 3 | 2,171 | $166 | - |
A 30301 Knight Court Sold | $405,000 | 3 | 2 | 2,319 | $175 | 0.6 mi |
B 30301 Knight Court Pending | $415,000 List Price | 3 | 3 | 2,319 | $179 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1978, is in fair condition as it presents a mix of partial updates and significant unfinished spaces. While the main living areas feature newer laminate flooring and recessed lighting, the kitchen remains dated with tile countertops and older appliances. Furthermore, the downstairs area is currently mid-renovation with visible drywall patching and exposed utility connections, requiring additional capital investment to complete.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 85377, living area = 2171.
Located in the prestigious Bear Valley Springs, the property grants access to a golf course, equestrian center, pool, tennis courts, and a clubhouse, offering a premium lifestyle.
The private 1.96-acre lot is specifically designated for horses and features breathtaking views, making it an ideal retreat for equestrian enthusiasts seeking space and privacy.
The sale is subject to court approval, which typically involves a more complex legal process and potentially longer closing timelines compared to traditional transactions.
The downstairs area requires additional work to be fully realized as a guest suite, implying immediate renovation needs and additional capital investment for the buyer.
Horse Property in the Bear Valley Springs Community! Breathtaking views on this private 1.96 acre lot awaits you and your horses. This spacious 3 bedroom, 2.5 bath home, is measured by the assessor at 2,171 square feet. The main floor provides fantastic views from most of the windows, with a fireplace that makes the space warm and inviting. The downstairs features a converted living area that may be finished into a guest suite. Take advantage of the amenities in the Bear Valley community; Golf course, pro shop, pool, tennis courts, community center, restaurants, club house, and equestrian center. *Probate sale is subject to court approval.
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 | 2.0 | 71% |
| Square foot | 2,171 | 1,872 | 76% |
| Lot Size | 85,377.602 | 23,101 | 79% |
| Price | $330.0K | $450.0K | 15% |
| Price per sq ft | $152 | $253 | 8% |
| Built year | 1978 | 1992 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 194 | 1% |
Mar 14, 2026
$330,000
Initial Listing
Aug 22, 2017
$250,000
Public Record
Mar 14, 2002
$150,000
Public Record