40339 Preston Road, Palmdale, California 93551, Palmdale, 93551 - 5 bed, 3 bath
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Palmdale, California 93551
This Spacious Two-Story Residence represents a High-Potential Investment Opportunity, listed at $699,000—positioned well above the $578,029 Fair Market Value by -20%. Featuring a 5-bedroom, 3-bath layout with a ground-level bedroom, the home offers significant utility for multigenerational living. With a Condition Rating of 4, the property requires cosmetic updates to reach its full potential. Located in the Rancho Vista community near Esperanza Elementary, this asset is best suited for Value-Add Investors or Owner-Occupants seeking a project to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40339 Preston Road Subject | $699,000* List Price | 5 | 3 | 2,883 | $200 | - |
A 40271 Crestridge Sold | $590,000 | 5 | 3 | 2,883 | $205 | 0.1 mi |
B 40062 Chelsea Court Sold | $635,000 | 5 | 3 | 2,564 | $248 | 0.3 mi |
C 39934 Borica Court Sold | $675,000 | 5 | 3 | 2,746 | $246 | 0.5 mi |
D 39932 Cyrus Lane Sold | $600,000 | 5 | 3 | 2,091 | $287 | 0.7 mi |
E 3642 Club Rancho Sold | $664,870 | 5 | 4 | 3,482 | $191 | 0.3 mi |
F 40450 Fieldcrest Lane Sold | $550,000 | 5 | 3 | 2,370 | $232 | 0.6 mi |
G 3525 Fairgreen Lane Active Under Contract | $665,000 List Price | 5 | 3 | 2,883 | $231 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001 (23 years old) with original finishes. The property is dated and shows significant wear, including heavily stained carpeting and peeling paint on exterior trim, necessitating cosmetic updates and minor repairs.
Situated in the highly desirable Rancho Vista community, the property offers exceptional proximity to the Rancho Vista Golf Course, local parks, and the top-rated Esperanza Elementary School.
The spacious 2,883 sq. ft. floor plan includes a coveted ground-level bedroom and full bathroom, making it ideal for guests, multi-generational living, or a dedicated home office.
The home features dramatic soaring ceilings and tall stacked windows in the formal living and dining areas, creating an immediate sense of luxury and abundant natural light.
While the elementary and middle schools serve the area well, the assigned Highland High School carries a lower rating of 3, which may be a concern for families with older children.
The outdoor area is primarily hardscaped for low maintenance; however, the lack of a traditional lawn or lush landscaping may be a drawback for buyers seeking a softer backyard aesthetic.
Located in Rancho Vista near Rancho Vista Golf Course, highly rated Esperanza Elementary School, and Rancho Vista Park, this spacious two-story home offers a flexible 5-bedroom, 3-bath layout with approximately 2,883 sq. ft. of living space. A dramatic formal living and dining area welcomes you with soaring ceilings, tall stacked windows, and abundant natural light, creating an impressive sense of openness from the moment you enter. The floor plan includes one bedroom and a full bathroom on the ground level, ideal for guests, multigenerational living, or a private office. The kitchen offers excellent storage and everyday functionality, with abundant cabinetry, a large walk-in pantry, center island with sink and dishwasher, countertop range, built-in oven, and easy connection to the casual dining area and rear living space. Upstairs, the home features generously sized bedrooms, including a large primary suite with dual sinks, soaking tub, and separate shower. Outside, block wall fencing and hardscape wrap around the home, creating usable patio areas and low-maintenance outdoor space. A three-car garage adds further convenience in one of West Palmdale’s most desirable neighborhood settings.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 74% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,883 | 2,359 | 75% |
| Lot Size | 7,394 | 8,817.5 | 28% |
| Price | $699.0K | $617.0K | 70% |
| Price per sq ft | $242 | $264 | 30% |
| Built year | 2001 | 1995 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 173 | 1% |
May 23, 2026
$699,000
Initial Listing
Apr 3, 2002
$243,000
Public Record