36191 Summit
About This Property
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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 |
|---|---|---|---|
| Aug 1, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by Abundance Real Estate | $595,000 | |
| Listed by Abundance Real Estate | |||
| Sep 11, 2025 | Listed | $649,900 | |
| Listed | |||
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Welcome to your future estate in the heart of Temecula’s wine country! This prime 2-acre lot sits on one of the area's most desirable cul-de-sac streets, perfectly situated between the De Portola and Rancho California wine trails. You're just a short stroll—or quick golf cart ride—from some of the region’s most popular wineries and restaurants, including Leoness, Altisima, Oak Mountain, Lorenzi, Robert Renzoni, Fazeli, Wilson Creek, and Monte De Oro—all within a mile. Despite its peaceful, country setting, you're conveniently close to essential amenities like grocery stores, hospitals, Home Depot, Tractor Supply, and more—all within a 10-minute drive. Pechanga Resort & Casino is just 15 minutes away, and Old Town Temecula is only 20 minutes out.
The property is truly build-ready with a 20,000 sq. ft. certified building pad, a fully installed 1” water main with all Rancho Water District fees paid, and an established 3-year-old vineyard with over 1,400 Petite Sirah grapevines on certified 1103P rootstock. It’s zoned RA2.5, which permits a single-family home along with an ADU and junior ADU, and also allows for light agriculture and horses. There's no HOA, giving you full freedom to create the dream property you envision. The lot features a paved road to the top with curbs and a driveway cut-in, professionally landscaped roadside frontage with 19 mature olive trees, a block retaining wall that can be modified or reused, and erosion control with riprap and 2” rock at the entrance to keep the site stable during construction. Whether you're dreaming of a luxury vineyard estate or a peaceful retreat, this rare opportunity has everything you need to bring your vision to life.
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| Apr 23, 2025 | Listed | $680,000 | |
| Listed | |||
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Welcome to your future estate in the heart of Temecula’s wine country! This prime 2-acre lot sits on one of the area's most desirable cul-de-sac streets, perfectly situated between the De Portola and Rancho California wine trails. You're just a short stroll—or quick golf cart ride—from some of the region’s most popular wineries and restaurants, including Leoness, Altisima, Oak Mountain, Lorenzi, Robert Renzoni, Fazeli, Wilson Creek, and Monte De Oro—all within a mile. Despite its peaceful, country setting, you're conveniently close to essential amenities like grocery stores, hospitals, Home Depot, Tractor Supply, and more—all within a 10-minute drive. Pechanga Resort & Casino is just 15 minutes away, and Old Town Temecula is only 20 minutes out.
The property is truly build-ready with a 20,000 sq. ft. certified building pad, a fully installed 1” water main with all Rancho Water District fees paid, and an established 3-year-old vineyard with over 1,400 Petite Sirah grapevines on certified 1103P rootstock. It’s zoned RA2.5, which permits a single-family home along with an ADU and junior ADU, and also allows for light agriculture and horses. There's no HOA, giving you full freedom to create the dream property you envision. The lot features a paved road to the top with curbs and a driveway cut-in, professionally landscaped roadside frontage with 19 mature olive trees, a block retaining wall that can be modified or reused, and erosion control with riprap and 2” rock at the entrance to keep the site stable during construction. Whether you're dreaming of a luxury vineyard estate or a peaceful retreat, this rare opportunity has everything you need to bring your vision to life.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017