
Exeter, CA 93221
This Equestrian Estate is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,295,290 Fair Market Value by 7%. This valuation gap offers $95,290 in Instant Equity. Featuring a 3-Condition Rating, the property includes a high-producing private well, resort-style pool, and equestrian facilities. While the interior offers room for cosmetic modernization, the turnkey infrastructure provides immediate utility. This is an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking a private, high-utility rural sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31255 Palm Drive Subject | $1,200,000* List Price | 3 | 3 | 2,847 | $455 | - |
A 31061 Palm Active | $1,200,000 List Price | 4 | 2 | 2,460 | $488 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1991 but exceptionally well-maintained and functional. The property features significant modern system upgrades including a large solar array and an EV charging station. While the interior cabinetry and tile reflect an older aesthetic, the home is in turnkey condition with high-end outdoor amenities and a high-producing private well, meeting the criteria for a well-maintained, move-in ready residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 2847.
This expansive 5-acre estate is fully equipped for horse enthusiasts, featuring dedicated equestrian improvements and a large versatile shop/storage building for equipment and hobbies.
The property boasts an exceptional outdoor entertaining space, including a pool with a boulder waterfall, in-pool dining, a spa, and a gazebo, all set within mature, private landscaping.
Built in 1991, the custom home may require cosmetic or functional modernizations to align with contemporary luxury standards and the $1.2M price point.
The combination of five acres, mature landscaping, and specialized equestrian facilities demands significant ongoing maintenance and operational costs for the future owner.
Private Equestrian Retreat in Mehrten Valley - Exceptional 5-acre horse property offering the perfect blend of country living and resort-style amenities. The custom home is surrounded by mature landscaping, expansive lawns, and majestic oaks. Outdoor features include a sparkling pool with boulder waterfall, in-pool dining table, spa, gazebo, fire pit, and extensive entertaining areas. Equestrian improvements provide ample space for horses, trailers, and equipment, while a large shop/storage building offers flexibility for hobbies, vehicles, or business use. Fully fenced and thoughtfully designed for privacy, this property combines rural tranquility with convenient access to Visalia, Exeter, and Sequoia National Park. A rare opportunity to own a turnkey Central Valley equestrian estate with room to live, entertain, and enjoy the outdoors. A high producing private well supplies ample water for Irrigation and home use producing 60 gallons a minute at 55 psi
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,847 | 2,069 |
| Lot Size | 217,800 | 257,004 |
| Price | $1.20M | $729.0K |
| Price per sq ft | $421 | $352 |
| Built year | 1991 | 1991 |
| HOA | $0 | $0 |
| Days on market | 50 | 49 |
Jul 21, 2026
$1,200,000
Initial Listing
Dec 5, 2003
$307,500
Public Record