844 River Road, Salinas, California 93908, Salinas, 93908 - 0 bed, 0 bath
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Salinas, California 93908
Analysis of 844 River Road, Salinas, California 93908 is currently available with a list price of $3,427,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Salinas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a functional equestrian estate with a primary residence built in 1965. While the equestrian infrastructure, including 45 stalls and arenas, appears well-maintained and 'turnkey' for operations, the main house is nearly 60 years old and is described as dated. The lack of interior photos for the kitchen and bathrooms, coupled with the age of the home and the absence of reported major renovations, suggests that while the property is functional and maintained, the living quarters likely require modernization to meet current market standards.
The estate is fully equipped for professional operations with 45 horse stalls, a regulation-size arena, and a dedicated practice arena on 17.1 scenic acres.
Multiple revenue streams are available through the separate studio, extensive boarding facilities, and three existing RV hook-up sites with room for expansion.
Zoned F-40 with an LDR 35 overlay, the property offers significant upside through potential residential development or expansion of the existing facilities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =744876, other record lot size in square feet = 932183. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2075, other record living area = 2519.
Built in 1965, the main 3-bedroom home may require modernization and updates to meet the expectations of a luxury estate buyer.
Managing a private well, three separate septic systems, and large-scale equestrian infrastructure requires significant ongoing maintenance and specialized oversight.
Set on 17.1 scenic acres in the heart of the Salinas Valley just minutes from town, this exceptional equestrian estate offers a rare blend of rural tranquility and serious income potential. Designed for versatility, the property features a 3-bedroom main residence, a separate studio, currently 3 RV full hook-up sites with room for expansion, approximately 45 horse stalls, a regulation-size arena, and a dedicated practice arena. Well-equipped for large-scale equestrian operations or agricultural use, the property is supported by a private well and three septic systems, providing flexibility and functionality. Zoned F-40 with an LDR 35 overlay, the estate may offer additional residential development potential (buyer to verify). Whether you envision a working horse facility, income-producing venture, or private countryside retreat, this Salinas Valley property delivers scale, infrastructure, and opportunity all just minutes from town conveniences.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 2,075 | 2,287.5 | 50% |
| Lot Size | 744,876 | 565,626.594 | 50% |
| Price | $3.43M | $2.96M | 50% |
| Price per sq ft | $1.7K | $1.3K | 50% |
| Built year | 1965 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 132 | 50% |
Apr 15, 2026
$3,427,500
$3,695,000
-7% Price Drop
Initial Listing
Feb 19, 2026
$3,695,000
Initial Listing
May 28, 2021
$1,450,000
Public Record
Jul 7, 2017
$999,000
Public Record
Mar 24, 2008
$295,000
Public Record
Apr 30, 2002
$675,000
Public Record