31420 Palm Avenue, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath
Loading property details...
Hemet, California 92543
Analysis of 31420 Palm Avenue, Hemet, California 92543 is currently available with a list price of $2,185,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Hemet Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 2002, the primary residence is 22 years old and falls into the 'fair' category as it has surpassed the 20-year mark without mention of a major recent renovation. While the ranch infrastructure (barns, arenas, and wells) is extensive and highly functional, the 1,768 sqft home features original early-2000s styling. The kitchen and bathrooms, while functional and well-maintained, are dated compared to current modern standards. The property's value is heavily weighted in the 19 acres of specialized rodeo improvements rather than the interior condition of the living quarters.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 820670, living area = 1768.
The property is a turnkey equestrian venue featuring PRCA regulation-size roping arenas, a 5,000 sqft MD Barnmaster barn, and comprehensive livestock facilities with a rich 25-year rodeo history.
Spanning 19 flat and usable acres, the ranch is supported by three private wells and extensive power distribution, including 240a connections and generator backups, ensuring total operational self-sufficiency.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =820670, other record lot size in square feet = 417740.
The 1,768-square-foot home is relatively small and basic in comparison to the massive scale of the ranch infrastructure and the $2.185M asking price.
The highly specialized nature of the rodeo and livestock improvements may limit the buyer pool to a specific demographic, potentially leading to a longer time on the market.
Welcome to the renowned Zak Family Ranch (ZZ Ranch) in The Good Heart Valley in Pixley Canyon, located at the Southern Hemet / North Temecula border. Previously the hosting property to the Junior Rodeo and High School Rodeo events, this unique and functional venue/working-ranch/rodeo property sits at 19 acres of flat and usable ranching acreage, and is now being made available by the founding family after 25 years of real rodeoing history. The property includes a 1,768 sf 3 bedroom 2 bathroom single story ranch home overlooking its own 19 acres, surrounding valley, hills and distant mountains. In the center of the property is a roughly 5,000sf (110’x45’) MD Barnmaster barn with a 400sf bunkhouse including shower-bath-sink-toilet and pot belly stove, a 400sf tack-room with 240a dryer, 8 full stalls, wash-rack, hay storage, multiple 240a connections, & 2 RV hookups. Additional structures on site include a 4 space carport, shop with 240a connect, commercial food-grade cold storage brewery, chicken coop, garden greenhouse, and a custom pizza oven. The rodeo features of this property include 2 PRCA regulation size calf and roping arenas, WW Manufacturing roping chutes, a bucking chute, announcer stand platform, audience bleacher stands, and a round pen. The additional working-ranch features include a pig barn with stall, 5 turnout pastures with covers, 6 cattle pens with shelters, including the back 9 acre pasture parcel making up the total of the 19 acres. On property there are roughly 2/3 acre of vineyards (550+ vines) with additional citrus, peach, pear and apricot trees. Water is readily available by way of 3 wells, including bibs out to every corner of the property and within, and power with similar availability including a generator back-up connection. This is a one-of-a-kind ranch, capable of many purposes that further offers the possibilities of expansion in a multitude of different directions & uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,768 | 1,372 | 76% |
| Lot Size | 820,670 | 6,534 | 99% |
| Price | $2.19M | $420.0K | 99% |
| Price per sq ft | $1.2K | $290 | 99% |
| Built year | 2002 | 1977 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 181 | 2% |
Mar 4, 2026
$2,185,000
Initial Listing
Jul 19, 2002
$130,000
Public Record