$1,870,000
●
House -
Off Market
19270 Corte Palabras
Murrieta, CA 92562
4 Beds
3 Baths,
1
Half Bath
3,000 Ft²
$9,901
Est. Monthly
$85
HOA / Fees
3.27%
Cap Rate
About This Property
HUGE PRICE ADJUSTMENT! ABSOLUTELY TURNKEY ...LA CRESTA
SINGLE-STORY EQUESTRIAN ESTATE! This property has been completely
renovated inside & out and is ready for you and all of your
critters! With easy access off a centrally located, quiet cul
de sac, enter through your private automatic gate and enchanting
oaks, to this totally dialed-in 5-acre ranch with outdoor amenities
including: Beautiful views; Ancient oak trees; Arena with
custom footing, mirrors & walking track; Barn with turnouts; Custom
chicken coup and mini barn; Cross fencing; Two pastures; Separate
tack outbuilding; Pool with lawn & bocce ball court; Charming
gazebo; Private water well (city water for interior); Paid-for
Solar PV; Direct trail access to miles of community trails. The
house is nothing short of stunning with its custom renovations and
magazine worthy details throughout, including expansive front
porch, Soaring beamed ceilings, White oak floors, Chef's kitchen
with quartz countertops & top-of-the-line appliances, Butler's
pantry with additional refrigerator & built-in Miele espresso
machine. Step outside to the expansive 'Arizona Room' with outdoor
kitchen and massive deck which spans the length of the house, where
you can gaze at the stars, overlook your critters, and enjoy your
horses in the adjacent arena. The adorable casita has been very
recently renovated, so your guests can enjoy this paradise in
privacy. This stylish, luxurious, functional La Cresta estate is
one in a million – great for full-time or weekend retreat!
***** 5-acre minimum parcels (10-acre minimum in SR West), just
minutes to schools, restaurants, hospitals, grocery stores, 15 Fwy
& Temecula Wine Country. Enjoy this peaceful ranch community with
no commercial businesses, robust social activities, miles of
private community trails & 1000s of acres of Ecological Reserve...All
less than 1.5 hours from LA, SD, OC, Palm Springs & Big Bear.
Discover the country, yet convenient, lifestyle of La Cresta,
Tenaja & the Communities of the Santa Rosa Plateau!
Unit Size
3,000 Ft²
Days on Market
342 days
Land Size
5.03 acres
Price per sqft
$666
Property Type
House
Property Taxes
-
HOA Dues
$85
Year Built
2002
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #SW24120986)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Price Decreased |
$1,999,000
↓ $196K
(8.9%) | |
| Price Decreased | |||
| Nov 23, 2024 | Relisted | $2,195,000 | |
| Relisted | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Riverside
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Listed by: Kelly Smith, Allison James Estates & Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24120986
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24120986
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