
Lancaster, California 93536
Analysis of 34860 Lancaster, Lancaster, California 93536 is currently available with a list price of $3,250,000. 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 Lancaster 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.
This 1918 estate presents a mix of updated and original conditions. While the roof is brand new (2025) and the main living areas feature updated marble-look flooring and a kitchen with granite countertops, other portions of the 5,673 sq. ft. home require significant work. The lower level is described as needing completion, and listing images reveal a secondary kitchen in a state of disrepair with missing flooring and outdated appliances, along with bathrooms featuring vintage 1970s-style fixtures and wallpaper. The exterior pavement also shows heavy cracking, consistent with a 'fair' rating for a property of this age requiring partial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 3136320, living area = 5673.
Spanning over 72 acres across three separate parcels, this property offers unparalleled scale and privacy, providing a rare opportunity for a secluded private retreat or large-scale development.
Positioned directly across from Quail Lake, the estate boasts breathtaking, unobstructed lake and mountain views from nearly every vantage point, significantly enhancing its aesthetic and market value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3136320, other record lot size in square feet = 479076.
Originally built in 1918, the century-old main residence likely requires substantial ongoing maintenance and potential upgrades to aging systems to meet modern standards.
The lower level of the main residence is currently incomplete, requiring additional capital investment and construction time from the buyer to customize and finish the living areas.
Located directly across from the mile-long Quail Lake, this remarkable 72+ acre property (three parcels) offers expansive lake and mountain views from nearly every vantage point. The setting provides privacy, scale, and a rare opportunity in a highly desirable location. The main residence spans approximately 5,673 sq. ft. and includes 3 bedrooms and 5 bathrooms. The upper level features a galley kitchen, breakfast room, formal dining room, laundry room, and a generous living room with fireplace. The lower level offers a large family room, kitchen, breakfast room, bunkroom, and dual bathrooms, presenting an excellent opportunity for customization and completion. A separate pilot’s quarters with its own bathroom is also located on the lower level and is fully independent from the main living space. Additional features include an antique safe, guest house, garage, plenty of out door parking and a Carriage House that can hold up to 10 cars. Roof was replaced October 2025. With its acreage, views, and private setting, the property lends itself well to a variety of uses such as a private retreat, high-end wellness or rehabilitation facility, event venue, or bed and breakfast (buyer to verify zoning and permitted uses). A rare offering with exceptional land, views, and tremendous opportunity to add value
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 6.0 | 2.0 | 100% |
| Square foot | 5,673 | 1,977.5 | 100% |
| Lot Size | 3,136,320 | 9,355 | 99% |
| Price | $3.25M | $537.0K | 100% |
| Price per sq ft | $573 | $274 | 100% |
| Built year | 1918 | 1991 | 0% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 184 | 14% |
Jan 30, 2026
$3,250,000
Initial Listing