39325 Highway 79
About This Property
The first parcel at 39325 Highway 79 offers approximately 40 acres, zoned Rural Residential (RR) and bordering public land. It includes a charming 1951 single-family residence of about 790 square feet with 2 bedroom and 1 bathroom, plus a pond. This parcel features two elevated and unimproved flat plateaus including one large one aproximately 5 acres with spectactular views.
The second parcel (APN 917-150-034) spans approximately 123.93 acres, also RR-zoned, with a seasonal creek, rolling terrain, mature native vegetation, oak woodlands and direct adjacency to the Dripping Springs Trailhead and Campground in the Cleveland National Forest. It features a historic 1928 single-family residence of about 1,592 square feet with 2 bedrooms and 1 bathroom.
The third parcel (APN 917-150-027) comprises approximately 9.78 acres with a fantastic hilltop view pad ideal for a future building site. Zoned RR and accessible from Wacker Drive and David Street, it adjoins the other parcels and neighboring land to create one expansive ranch.
Boasting panoramic mountain and valley views, expansive mature oak woodlands, abundant wildlife, seasonal waterways, and direct access to thousands of acres of protected public lands, this property is ideal for a private ranch, equestrian estate, agricultural use, family retreat, recreational getaway, conservation, or custom estate home (buyer to verify all building possibilities with Riverside County). Flat pads near the hilltops offer spectacular views.
Properties of this size, history, privacy, and location are rarely available. Just minutes from Temecula Wine Country, Vail Lake, and Old Town Temecula, this is a truly unique legacy property in Southern California. *** Be Sure to check out virtual tour ***
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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%.
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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 |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$2,950,000
↓ $550K
(15.7%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by HomeSmart Realty West | $3,500,000 | |
| Listed by HomeSmart Realty West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017