
Exeter, CA 93221
This Stunning Equestrian Estate is a High-Potential Investment Opportunity, listed at $1,180,000—positioned well below the $1,333,438 Fair Market Value by 11%. This valuation gap offers $153,438 in Instant Equity. Featuring a Mint Condition Rating, the home boasts a Remodeled Kitchen with Knotty Alder cabinetry, a Resort-Style Pool, and Custom Horse Facilities. This property balances luxury living with significant financial upside, making it an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking a turnkey, high-value lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31255 Palm Drive Subject 3 bd · 3 ba · 2,847 sqft · $468 | $1,180,000* List Price | 3 | 3 | 2,847 | $468 | - |
A 31061 Palm Active 4 bd · 2 ba · 2,460 sqft · $488 · 0.2 mi | $1,200,000 List Price | 4 | 2 | 2,460 | $488 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1991, the property has undergone a high-end, comprehensive remodel featuring Knotty Alder cabinetry, granite countertops, and premium stainless-steel appliances. The inclusion of two solar systems, a resort-style pool, and pristine horse facilities indicates a property in mint condition with no immediate maintenance needs, meeting the criteria for a top-tier rating.
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.
The property features comprehensive horse facilities, including a custom four-stall barn with misting fans, automatic waterers, and multiple fenced pastures, making it a premier choice for equestrian enthusiasts.
The backyard offers a luxury entertainment experience with a rock waterfall pool, swim-up seating, a spa, and a covered pavilion, set against park-like grounds with mountain views.
Despite the generous 2,847 square footage and five-acre lot, the home only offers three bedrooms, which may limit its appeal to larger families.
The specialized nature of the extensive horse facilities and rural location in Mehrten Valley targets a specific lifestyle buyer, potentially narrowing the pool of prospective purchasers.
Located in the highly desirable Mehrten Valley, this exceptional 5-acre country property features a beautifully remodeled 2,847 sq ft home with 3 bedrooms and 2.5 baths, resort-style outdoor living, extensive horse facilities, two solar systems, an impressive shop, and abundant storage. This warm and inviting home features Knotty Alder cabinetry, porcelain tile, elegant architectural details, and a spacious great room with vaulted plank ceiling and expansive patio doors framing beautiful views. The beautifully designed kitchen features Knotty Alder cabinetry, granite countertops, an L-shaped center island with seating, and stainless-steel appliances. A raised ceiling with recessed lighting enhances the open feel, while a walk-in pantry, built-in desk, casual dining area, and large picture window over the sink overlooking the grounds make this kitchen ideal for both everyday living and entertaining. Elegant formal dining room, plus a cozy library/sitting room with fireplace. The serene primary suite features extensive built-in cabinetry and a beautifully appointed bath with oversized tiled shower, walk-in closet, and convenient access to the pool and patio. Outside, mature trees and landscaping create peaceful, park-like grounds. The resort-style pool area features a separate wading pool, natural rock waterfalls, swim-up seating, spa, and covered pavilion for outdoor dining. Cozy stone fire pit. Horse facilities include a custom horse barn with four oversized stalls, automatic waterers, misting fans, tack and feed storage, wash rack, multiple fenced pastures, covered shelter
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 | $1.18M | $729.0K |
| Price per sq ft | $414 | $352 |
| Built year | 1991 | 1991 |
| HOA | $0 | $0 |
| Days on market | 15 | 49 |
Oct 9, 2026
$1,180,000
Initial Listing
Dec 5, 2003
$307,500
Public Record