
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 | $761 | - |
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.
Finding approximately 1 acre of land with views, privacy, and endless possibilities this close to shopping, dining, schools, and Palomar Medical Center is exceptionally rare. Consisting of two contiguous parcels totaling approximately 44,857 square feet, this unique Escondido property offers the perfect blend of convenience, usable land, and future potential. 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. Behind the gated entrance, you’ll discover a charming single level home featuring 3 bedrooms, 1.5 bathrooms, approximately 1,080 square feet of living space, and a bright, open floor plan filled with natural light. The current owner has spent the past several months thoughtfully improving the home with a new roof, fresh interior paint, updated 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 and furnace systems. Step outside and imagine the possibilities. Mature fruit trees, terraced grounds, a chicken coop, multiple outdoor gathering areas, scenic viewpoints, and abundant parking create a setting that is both peaceful and functional. Think of this property as a gemstone that has already been carefully cut and polished. Much of the work has been done, leaving the next owner the opportunity to make it their own. Whether your vision includes building a larger custom 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, expanding outdoor entertaining areas, or simply enjoying the privacy and freedom that come with owning approximately 1 acre, this property offers possibilities that are becoming increasingly difficult to find. Buyer to verify zoning, land use regulations, building requirements, utility availability, and development potential. Included in the sale is adjacent parcel APN 228-390-31-00 (approximately 21,770 square feet), creating a truly unique opportunity in today’s market. Come experience the views, the space, and the potential. Even if this isn’t the home you ultimately choose, you’ll have had the opportunity to discover one of Escondido’s most unique hidden gems. Make it yours.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,080 | 2,028 |
| Lot Size | 44,857 | 10,454.4 |
| Price | $925.0K | $936.5K |
| Price per sq ft | $856 | $486 |
| Built year | 1972 | 1985 |
| HOA | $0 | $225 |
| Days on market | 53 | 46 |
May 30, 2026
$925,000
Initial Listing