
Temecula, California 92590
This Dual-Residence Hillside Estate is a Strong Value Opportunity, listed at $2,469,000—positioned well below the $2,641,301 Fair Market Value by 6%. This valuation gap provides $172,301 in Instant Equity. The property holds a Good Condition Rating, featuring a 4,949 sqft main home and a remodeled guest house on 23 private acres. With unrivaled panoramic views and access to top-rated Cole Canyon Elementary (9/10), it balances lifestyle luxury with significant financial upside. This is an ideal acquisition for Owner-Occupants or Multi-generational Families seeking a high-equity sanctuary.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained, featuring a newly extensively remodeled guest house with modern finishes. The main residence, built in 1993, showcases significant updates including contemporary wood-style flooring, recessed lighting, and a kitchen equipped with top-of-the-line appliances. While the main structure is over 30 years old, the high level of upkeep and the recent renovation of the secondary dwelling align with the 'good' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1004494, living area = 4949.
Elementary School: Cole Canyon Elementary School (9/10).
The property features a substantial 4,949 sqft main home complemented by a newly remodeled 1,560 sqft guest house, providing excellent versatility for multi-generational living or rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The listing emphasizes that buyers must verify permits, square footage, and geological conditions, suggesting potential complexities regarding the property's historical documentation or hillside stability.
While elementary schools are relatively close, the assigned middle and high schools are located over 10 miles away, which may be a significant commute consideration for families with older children.
Extraordinary De Luz multi-home 23 acres property with EXCEPTIONAL CITY LIGHT VIEWS!!! CLOSE TO TOWN with two homes! What truly sets this property apart are its unrivaled views of the city lights and hillsides, which are unmatched anywhere in De Luz, and its incredible 23-acre setting that offers privacy and endless possibilities. Whether you want to build, farm, ride horses or simply enjoy the expansive open space, this property delivers on every level. Located just minutes from Temecula’s world-renowned wineries, upscale dining, and boutique shopping. Schedule a private tour today and discover a property that redefines the meaning of luxury living. Experience unparalleled living at this remarkable 23-acre estate in the prestigious hills of De Luz. It’s like owning your own village in Temecula. This property features a 4,949 sqft main home, with 27 ft ceilings, a 9 ft steel gate private electric entry, a newly extensive remodel on this 1,560 sqft guest house, and incredible opportunities to create your dream lifestyle with space for additional structures. Designed to impress, the main home offers three bedrooms, three bathrooms, an office, and a huge game room with a built-in bar. The home lives like a single story and boasts three levels, including a unique loft in the main bedroom. Expansive floor-to-ceiling windows flood the space with natural light and showcase the best views in De Luz, providing unforgettable sunsets and views of the city lights. The kitchen is open to the family room and is equipped with top-of-the-line appliances, perfect for both entertaining and everyday luxury. The newly remodeled 1,560 sqft guest house features three bedrooms, two bathrooms, and modern finishes, making it ideal for extended family, visitors, or rental income. Outside, the private gated entry ensures security and exclusivity, while a spacious parking area is perfect for hosting large gatherings or events. The property also offers room for a pasture, making it suitable for equestrian facilities, farming, or creating your own natural retreat. Enjoy sunny days under the Oak and fruit trees. Ample acreage available, 4 exterior outbuildings, the potential to build additional structures, gardens, 2-inch water meter or recreational spaces adds even more versatility to this already exceptional estate. Seller may consider seller financing options. Buyer to verify lot size, square footage, permits, and any other geological conditions or restrictions.
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades K-5 • 3.7 mi
Grades K-5 • 4.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 4,949 | 4,405 | 72% |
| Lot Size | 1,004,494 | 263,320 | 94% |
| Price | $2.47M | $1.67M | 78% |
| Price per sq ft | $499 | $435 | 61% |
| Built year | 1993 | 1999 | 39% |
| HOA | $10.0 | $50 | 39% |
| Days on market | 5 | 217 | 6% |
Apr 17, 2026
$2,469,000
Initial Listing
May 12, 2021
$1,047,000
Public Record