
Escondido, California 92029
This High-Potential Investment Opportunity is listed at a List Price of $925,000, positioned above the $796,572 Fair Market Value. While priced for its unique land utility, the property features a Condition Rating of 3 with significant 2026 upgrades, including a new roof and interior finishes. The expansive 1-acre lot offers rare development potential, including the ability to build a primary residence while retaining the existing home. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking panoramic hilltop views and long-term land appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Ross Dr Subject | $925,000* List Price | 3 | 2 | 1,080 | $738 | - |
A 1226 Country Club Sold | $865,000 | 3 | 3 | 1,302 | $664 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property underwent significant 2026 renovations including a new roof, fresh paint, and new flooring. While the kitchen cabinetry and tile counters remain dated, the recent updates to the heating system, windows, and major surfaces make it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44857, living area = 1080.
The property consists of two contiguous parcels totaling over an acre, providing a rare opportunity to build a larger primary residence on the upper flat portion while retaining the existing home as a guest house.
Extensive 2026 upgrades including a new roof, fresh interior paint, new flooring, and updated fixtures offer immediate move-in readiness and reduce near-term maintenance costs for the buyer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =44857, other record lot size in square feet = 21780.
With only 1,080 square feet of living area and a 1.5-bathroom configuration, the home's interior footprint is relatively small for a three-bedroom residence, which may limit its appeal to larger families.
While the land offers significant potential, the buyer must navigate complex zoning, land use regulations, and utility availability to realize any expansion or new construction goals.
Tucked behind a gated entrance on over one acre of combined land, this unique Escondido property offers something that’s becoming increasingly difficult to find: space, privacy, views, and endless possibilities, all while being just minutes from Costco, Walmart, restaurants, shopping, schools, and Palomar Medical Center. Consisting of two contiguous parcels totaling approximately 1 acre, this special property provides the flexibility and freedom that many buyers dream about but rarely find. The charming single level home features 3 bedrooms, 1.5 bathrooms, approximately 1,080 square feet of living space, and a bright, open layout filled with natural light. Recent 2026 upgrades include a new roof, fresh interior paint, new light fixtures, new flooring in the kitchen and half bath, new vanity and medicine cabinets, new faucets, and new window coverings. Previous improvements include replacement of several windows and updates to the heating system. Outside is where this property truly shines. A gated entrance, resurfaced driveway, abundant parking, mature landscaping, fruit trees (mango, pomegranate, sapote, fig, guava and lemon tree), terraced yard areas, chicken coop, multiple outdoor gathering spaces, and scenic viewpoints create an environment that feels peaceful and private while remaining close to everything. Much of the work has been done, and now it’s ready for its next owner to add their own vision and make it truly shine. Whether you’re dreaming of building a larger view home on the upper flat portion of the property while keeping the existing residence as a guest house or additional living space, creating gardens and outdoor entertainment areas, raising chickens, storing recreational vehicles, or simply enjoying the freedom that comes with owning over an acre of land, the possibilities here are endless. Buyer to verify all zoning, land use regulations, building requirements, utility availability, and development possibilities with the appropriate agencies. Included in the sale of 515 Ross Dr, APN 228-390-30-00 (approximately 23,087 Sq Ft) is adjacent parcel APN 228-390-31-00 (approximately 21,770 square feet), creating a rare opportunity to own over one acre of combined land in a desirable Escondido location. Come explore the stunning views, the space, and the potential. This is a rare opportunity to own a property that offers an exceptional hilltop view of Escondido Valley. Properties like this are few and far between, and this one might just be the gem you’ve been searching for. Make it yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 29% |
| Baths | 2.0 | 3.0 | 21% |
| Square foot | 1,080 | 2,606.5 | 1% |
| Lot Size | 44,857 | 13,741.5 | 88% |
| Price | $925.0K | $1.26M | 12% |
| Price per sq ft | $856 | $487 | 97% |
| Built year | 1972 | 1990 | 12% |
| HOA | $0 | $54 | 46% |
| Days on market | 7 | 127 | 6% |
May 30, 2026
$925,000
Initial Listing