
Rancho Santa Fe, California 92067
This property represents a High-Potential Investment Opportunity, listed at $5,950,000—positioned above the $4,617,212 Fair Market Value. While priced for its development potential, the 3-acre lot features shovel-ready plans for an 11,000-square-foot estate. With a Condition Rating of 6, the existing structure serves as a placeholder for a landmark build in the prestigious Covenant. Located near top-rated schools like R. Roger Rowe, this is a premier acquisition for Luxury Developers or High-Net-Worth Owner-Occupants seeking to build a legacy estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6858 Las Colinas Subject | $5,795,000* List Price | 4 | 4 | 3,660 | $1,266 | - |
A 16822 Zumaque St Active | $5,395,000 List Price | 4 | 4 | 3,757 | $1,436 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The existing structure was built in 1968 (>50 years old) and the listing is marketed primarily as a 'rare opportunity to create a world class estate' with 'shovel ready' plans for a new 11,000 sq ft home. The primary value lies in the 3-acre lot and development potential rather than the dated existing residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 130680, living area = 3660.
Elementary School: R. Roger Rowe Elementary School (10/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
The property includes nearly 'shovel-ready' plans for an 11,000-square-foot contemporary masterpiece, offering a streamlined path to creating a world-class legacy estate in the Covenant.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3660, other record living area = 2406. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The original 1968 residence is modest in size and likely requires a full rebuild or extensive modernization to meet the standards of a luxury landmark estate.
The current list price reflects a significant appreciation from its recent sale price, placing a high financial premium on the conceptual plans and 'shovel-ready' status.
Set behind gates on one of the most coveted streets in the Rancho Santa Fe Covenant, this extraordinary 3 acre offering presents a rare opportunity to create a world class estate in an unrivaled setting. Showcasing sweeping panoramic views, complete privacy, and all usable grounds, the property combines immediate livability with exceptional long term potential. Plans by John Jensen for an approximately 11,000 square foot contemporary masterpiece (main home + detached guest home) are nearing shovel ready status, offering a streamlined path toward the creation of a legacy estate. The existing single level residence spans approximately 2,400 square feet, complemented by a detached 1,260 square foot guest house. Designed for effortless indoor outdoor living, the home features vaulted ceilings, abundant natural light, expansive entertaining patios, a poolside game room, outdoor dining and lounge areas, fireplace, BBQ pavilion, gym and massage room, and a detached three car garage. The estate is fully fenced and oriented to capture optimal sun exposure and spectacular vistas. Perfectly positioned moments from the coveted Roger Rowe School, Covenant golf and tennis amenities, and miles of scenic riding and walking trails, this is an exceptionally rare canvas for the discerning buyer seeking privacy, prestige, and the opportunity to build a landmark estate in one of Southern California’s most exclusive communities. Renderings (photos 1,4,5,7) are conceptual only, and may not accurately depict the proposed/planned home.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-6 • 1.4 mi
Grades K-3 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.0 | 49% |
| Baths | 4.0 | 5.5 | 31% |
| Square foot | 3,660 | 5,236 | 21% |
| Lot Size | 130,680 | 54,014.4 | 86% |
| Price | $5.79M | $4.60M | 74% |
| Price per sq ft | $1.6K | $936 | 94% |
| Built year | 1968 | 1991 | 14% |
| HOA | $0.15 | $688 | 19% |
| Days on market | 23 | 161 | 8% |
May 30, 2026
$5,795,000
$5,950,000
-3% Price Drop
Initial Listing
May 14, 2026
$5,950,000
Initial Listing
Jan 31, 2024
$4,200,000
Public Record