38799 Calle Segovia
About This Property
Spanning approximately 39.12 acres, this rare Temecula property offers a stunning 360-degree backdrop of mountains, valleys, sunsets, and open skies. Whether you envision a private family compound, luxury ranch estate, off-grid retreat, income-producing development, or future subdivision project, this property provides the canvas to bring your vision to life.
The land is fully fenced and largely buildable. It features five rough graded pads, a 30x30 work shop, two 5,000 gallon water tanks, a well that is currently in operation, along with TWO additional wells. That is an incredibly valuable asset for future expansion, development, agriculture, or multi-home use. With the potential to be subdivided into 5-acre and 10-acre parcels with Riverside County approval (buyer to verify), the possibilities here are truly endless.
Privately tucked away down a dirt road, this property offers the perfect balance of seclusion and accessibility while remaining just a short drive from Temecula's renowned wineries, dining, shopping, and freeway access.
Imagine creating a legacy estate, equestrian ranch, luxury vacation retreat, or boutique development surrounded by some of Southern California's most beautiful scenery. Properties with this combination of acreage, infrastructure, views, and future potential rarely come available.
A rare opportunity to own a premier piece of Temecula land with limitless upside.
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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 7, 2026 | Relisted | $1,320,000 | |
| Relisted | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Price Decreased |
$1,320,000
↓ $180K
(12%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by Trillion Real Estate | $1,500,000 | |
| Listed by Trillion Real Estate | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017