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33849 Pegase Court
About This Property
Welcome to this stunningly remodeled home in the highly desirable Morgan Hill community, offering modern elegance, thoughtful upgrades, and resort-style outdoor living just minutes from Temecula Wine Country.
This spacious residence features 3 bedrooms plus a large front room with double doors and a window overlooking the exterior-a flexible space perfect as a 4th bedroom, private office, or media room. With 2.5 bathrooms and a convenient downstairs primary suite, the layout provides comfort and versatility for families, guests, or multigenerational living.
The primary suite feels like a retreat, offering two walk-in closets and a fully renovated spa-inspired bathroom complete with a luxurious soaking tub, separate glass-enclosed shower, and modern designer finishes.
Inside, the home showcases fresh interior and exterior paint, new appliances, and a gorgeous remodeled kitchen featuring a quartz waterfall island with elegant white-and-gold accents. Updated lighting throughout the bathrooms, dining room, and kitchen adds a clean, contemporary feel. The upstairs loft enhances the sense of space, making the home feel even larger.
Step outside to your private backyard oasis with a sparkling pool and spa, lush landscaping, and a built-in BBQ beneath a palapa-perfect for entertaining or enjoying the California sunshine in style.
Additional highlights include a cul-de-sac location, a beautifully designed floor plan, and modern upgrades throughout, creating a warm, sophisticated environment ready for its next owner. Seller will consider Leasing it.
A truly exceptional home in one of Temecula's most sought-after communities, offering comfort, style, and the best of Wine Country living, and presented at a great price compared to similar homes recently sold in the area.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$1,100,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by Golden Eagle Properties | $1,150,000 | |
| Listed by Golden Eagle Properties | |||
| Nov 6, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Price Decreased |
$855,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017