
Rancho Santa Fe, California 92067
This property represents a High-Potential Investment Opportunity with a List Price of $5,495,000—positioned above the $4,664,395 Fair Market Value. While the current Condition Rating of 6 reflects a dated 1968 structure, the site offers immense value through its 3-acre lot and shovel-ready plans for an 11,000 sq. ft. estate. Located in the prestigious Rancho Santa Fe Covenant near top-rated schools like R. Roger Rowe, this is a premier development asset ideal for Luxury Developers or Custom Home Builders seeking a legacy project.
Property is land value only, full reconstruction required.
The existing structure was built in 1968 (56 years old) and lacks evidence of a major recent renovation. While the description mentions 'immediate livability,' the property is explicitly marketed as a development opportunity with 'shovel-ready' plans for a new 11,000 sq. ft. estate, placing the primary value on the land and the replacement potential.
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: Solana Vista 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 by John Jensen for an 11,000 square foot contemporary estate, significantly reducing the timeline and complexity for a buyer looking to build a world-class legacy home.
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.
Built in 1968, the current residence is modest in size and style compared to the neighborhood's luxury standards, likely requiring a full teardown or extensive renovation to maximize the site's value.
The $5.495M asking price is primarily for the land and potential; a buyer will need substantial additional liquidity to fund the construction of the proposed 11,000 square foot masterpiece.
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 |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 6.0 |
| Square foot | 3,660 | 5,540 |
| Lot Size | 130,680 | 92,129.4 |
| Price | $5.50M | $4.88M |
| Price per sq ft | $1.5K | $924 |
| Built year | 1968 | 2003 |
| HOA | $0.15 | $848 |
| Days on market | 13 | 79 |
Jul 9, 2026
$5,495,000
Initial Listing
Jan 31, 2024
$4,200,000
Public Record