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42950 Ivy Street, Murrieta, California 92562, Murrieta, 92562 - 4 bed, 3 bath

42950 Ivy Street, Murrieta, California 92562 home-pic-0
ACTIVE$1,699,998
42950 Ivy Street, Murrieta, California 92562
4Beds
3Baths
2,540Sqft
196,020Lot
Year Built
2017
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$669
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2503596
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Deck
Patio
ViewCity Lights,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.70M(94th), sqft - 2540(58th), beds - 4(50th), baths - 3(50th).

Modern Self-Sustaining Estate with Breathtaking Views! Welcome to this stunning hilltop contemporary home on a private 4.5-acre lot, just minutes from downtown Murrieta. As you drive up the 300-ft private driveway to the gated entry, you're greeted with privacy, views, and modern design. This former model home features 4 bedrooms, 3 bathrooms, and a spacious open floor plan with a 16-ft glass wall opening to a private covered patio. The chef’s kitchen includes custom cabinets, black stainless appliances, dual ovens, wine cooler, and more. Highlights include: 8-zone climate control Two electric fireplaces Luxury primary suite with glass wall views, spa-style bath, dual closets, and oversized shower Loft with wet bar and two rooftop decks Climate-controlled 4-car garage with Tesla charger and custom finishes Designed for efficiency and sustainability with: Fully-owned 10kW solar + Tesla Powerwall Private water well, 10,000 gallons of water storage, and no sewer bill Instant hot water, water softener, and on-site septic system Fire-resistant construction with private hydrant A true one-of-a-kind smart home engineered for self-sufficiency, with the security of being grid-connected. RR (Rural Residential) zoning typically allows for an ADU, barns or workshops, and the keeping of animals like horses or other livestock. Don’t miss this hidden gem!

Condition Rating
Excellent
This property, built in 2017, is a modern, self-sustaining estate with high-end finishes and state-of-the-art systems. The chef's kitchen features custom black cabinets, black stainless steel appliances (including dual ovens and a wine cooler), and striking black/gold marble-look countertops. Bathrooms boast modern vanities, vessel sinks, and contemporary fixtures. Throughout the home, there's a mix of modern tile and dark wood flooring, contemporary light fixtures, and an 8-zone climate control system. The property also includes significant upgrades like a 10kW solar system with Tesla Powerwall, a private water well, and smart home features, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 196020, living area = 2540.
Exceptional Self-Sufficiency & Modern Technology: The property boasts a fully-owned 10kW solar system with Tesla Powerwall, a private water well with 10,000 gallons of storage, instant hot water, water softener, and an on-site septic system, offering significant energy and water independence and cost savings.
Private & Expansive Lot with Breathtaking Views: Situated on a private 4.5-acre hilltop lot with a 300-ft gated driveway, the home offers unparalleled privacy and stunning city lights and mountain views, enhanced by a loft with two rooftop decks.
High-End Contemporary Design & Amenities: Built in 2017 as a former model home, it features a modern open floor plan, a 16-ft glass wall, a chef’s kitchen with custom cabinets and black stainless appliances, a luxury primary suite, 8-zone climate control, and a climate-controlled 4-car garage with a Tesla charger.
Versatile Rural Residential (RR) Zoning: The RR zoning provides significant flexibility, typically allowing for the addition of an Accessory Dwelling Unit (ADU), barns, workshops, or the keeping of livestock, catering to diverse lifestyle needs or future expansion.
Enhanced Safety & Security Features: The property includes a gated entry, fire-resistant construction, and a private hydrant, offering superior security and peace of mind for residents.

Cons

Potential Overpricing Relative to Market Estimation: The current listing price of $1,699,998 is notably higher than the property's estimated value of $1,529,669.805, which may indicate it is priced above current market expectations or that its unique features are not fully captured by standard valuation models.
Lack of Explicit Outdoor Recreational Amenities: Despite the large lot, the property description does not mention a pool, spa, or other significant outdoor recreational features, which are often expected in luxury homes of this caliber and price point, especially when compared to similar properties.
Maintenance and Management of Extensive Private Systems and Large Lot: The self-sustaining features (private well, septic, solar, Powerwall) and the expansive 4.5-acre lot require specific knowledge, ongoing maintenance, and management, which could be a significant commitment or learning curve for some buyers accustomed to municipal services and smaller properties.

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