22775 Carancho Road
About This Property
A sweeping staircase leads to the main living area upstairs, where the Spanish contemporary design shines with custom upgrades and an open, airy feel. The home has been featured on social media showcasing its unique blend of luxury and charm.
The upper level features 3 spacious bedrooms, 2 bathrooms, high ceilings, and an inviting dining room and kitchen. Stacking doors open up to a 30-foot balcony, offering breathtaking views of the surrounding landscape. The lower level is a private oasis, ideal for an in-law suite, complete with its own bedroom, bathroom, and living space. Additional rooms downstairs each have their own French doors to the outside grounds and provide flexible options for an art or yoga studio, private office or writers retreat. The home includes generous storage and two laundry hookups.
Ancient rare Engleman Oaks showcase the property with its' history and beauty. A seasonal creek weaves its way through the trees with gorgeously crafted bridges placed about. The property boasts towering oak trees, three varieties of grapevines, apple, lemon, orange, grapefruit, persimmon, peach, plum and avocado trees. The outdoor area is a true paradise, featuring Spanish tile, a mineral infinity pool, hot tub, outdoor fireplace, market lights, and modern amenities creating an unforgettable setting. Adjacent to the pool is a private 475 sq. ft. wine cellar. Overlooking the pool and grounds is a spacious patio with a majestic fountain featuring an olive tree at its center-perfect for entertaining. Two outdoor half baths provide added convenience for guests. Private entry gate leads you to a detached oversize three car garage that is opposite a shady covered parking area.
This home offers the best of De Luz living with a quick drive into Old Town Temecula, combining natural beauty with luxury amenities. Schedule your private tour today!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Nov 2, 2024 | Relisted | $1,895,000 | |
| Relisted | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Rainey Realty | $1,895,000 | |
| Listed by Rainey Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017