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587 N Rice Road, Ojai, California 93023, Ojai, 93023 - 3 bed, 3 bath

587 N Rice Road, Ojai, California 93023 home-pic-0
ACTIVE$1,575,000
587 N Rice Road, Ojai, California 93023
3Beds
3Baths
2,048Sqft
16,117.2Lot
Year Built
1980
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
V1-30137
Home ConditionFair
Features
Excellent View: Mountain(s), River, Valley, Trees/Woods
Deck
ViewMountain(s), River, Valley, Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.57M(73th), sqft - 2048(68th), beds - 3(50th), baths - 3(65th).

Charming Hillside Retreat with Spectacular Sunset & Mountain Views is ready for your love and care!Perched on a tranquil hillside, this character-filled home offers sweeping views of the Mountains and unforgettable Ojai Valley sunsets. Whether you're sipping coffee on the upper balcony or gardening in the terraced yard below, nature's beauty surrounds you at every turn.This two-story home boasts expansive windows and sliding glass doors that flood the space with natural light and frame stunning vistas throughout the day. The spacious upstairs deck provides a front-row seat to golden-hour skies and serene mountain silhouettes--ideal for evening relaxation or entertaining guests.The property includes multiple structures, including a detached studio and an additional outbuilding with rustic charm--perfect for creative use or future renovation. Mature landscaping, raised garden beds, and vibrant flowering plants bring the outdoor space to life.Just minutes from the heart of Ojai, this property offers privacy, potential, and postcard-worthy scenery. Don't miss your chance to own a slice of paradise with million-dollar views.

Price History

Date
Event
Price
05/23/25
Listing
$1,575,000
Condition Rating
Fair
Built in 1980, this home is aged but appears well-maintained structurally. However, the interior, particularly the kitchen and bathrooms, is significantly outdated. The kitchen features light wood cabinets, white appliances, and older countertops, while the bathrooms have dated vanities, lighting, and tile. Flooring consists of older ceramic tile and carpet. While functional and livable, the property requires substantial cosmetic updates and renovations to modernize its style and features, aligning with the 'Fair' condition criteria.
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 = 16117, living area = 2048.
Panoramic Views: The property boasts spectacular sunset, mountain, and Ojai Valley views from multiple vantage points, including an upper balcony and spacious deck, significantly enhancing its appeal.
Versatile Additional Structures: Includes a detached studio and an additional outbuilding, offering excellent potential for creative use, guest quarters, or future renovation to add value.
Expansive Outdoor Living: Features a spacious upstairs deck, upper balcony, and terraced yard with mature landscaping and raised garden beds, ideal for relaxation and entertaining.
Abundant Natural Light: Designed with expansive windows and sliding glass doors that flood the interior with natural light and frame the stunning surrounding vistas.
Desirable Ojai Location & Privacy: Perched on a tranquil hillside just minutes from the heart of Ojai, offering both seclusion and convenient access to local amenities.

Cons

Requires Renovation/Updates: Described as 'ready for your love and care' and 'character-filled,' suggesting the main home likely requires significant updates to modernize its interior and systems.
Above Estimated Market Value: The current listing price is approximately 11% higher than the property's estimated market value, which may impact buyer interest and negotiation leverage.
Potential for High Maintenance: A hillside property with terraced yards and mature landscaping, while beautiful, could entail higher ongoing maintenance costs and effort for upkeep.

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