$1,595,000
$1,595,000
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38990 Loren WAY Temecula, CA 92592
5 Beds
4 Baths
3,317 SqFt
Key Details
Sold Price $1,595,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,317 sqft
Price per Sqft $480
MLS Listing ID 219064861
Sold Date 08/26/21
Style Traditional
Bedrooms 5
Full Baths 3
Three Quarter Bath 1
HOA Y/N No
Year Built 2000
Lot Size 5.220 Acres
Acres 5.22
Property Description
Rare opportunity to own a very successful vacation rental in the heart of Temecula Wine Country. Located less than 5 minutes from the De Portola Wine Trail. Guests will love this incredible villa nestled at the top of a hill on 5.22 acres overlooking breathtaking views of the entire Temecula Valley Wine Country. This amazing mini-estate has a very well established 6-year Vacation Rental History, with over 100 5-star reviews.
Entering this beautiful home, an inviting spacious open floor plan greets you. The large dining area flows into a game room area including a bar and pool table. Just beyond, a large family room with plenty of space for guests to gather and spend time as a group. A fully stocked kitchen with a full suite of stainless steel appliances also comes equipped with all cookware and supplies a vacationer will need. Also on this floor you will find 3 bedrooms, 2 bathrooms, laundry room, and a 2 car garage with future potential to be converted to an additional bedroom w/full bath. Just beyond the family room, romantic French doors open to a wrap-around balcony with multiple seating areas overlooking the amazing outdoor space and panoramic views of the wine country. The jewel of the property is the impressive outdoor space boasting a custom oversized resort style pool with a shaded palapa and swim up pool bar, along with a giant oversized spa that seats 15, Yes, 15! BUYER(S) TO VERIFY THE ACCURACY OF ALL STATED INFORMATION. During evenings, guests can enjoy a large fire pit area perfect for an evening taking in the stars, or wake up every morning to hot air balloons launching from the surrounding properties. From almost every vantage point, you can take in wine country views that go on forever. Going downstairs, you will find a private and fully contained Master ensuite, including a mini bar with full-sized fridge and French doors that go directly out to the pool area. Also on this lower floor is a connected oversized guest Casita with a microwave and midsize refrigerator. Next to the Casita is another game room space with sports posters, ping pong, dart board, tv and sofa!
If this is not enough for you, then here is more... Adjacent to the main home, is a Kwanzaa Hut and it is named "The Hideaway". The Kwanzaa Hut has been converted to a luxurious ADU. (unpermitted). The views from this unit are breathtaking and amazing! The conversion now includes a kitchen, bath, separate bedroom, and living room. Behind the living quarters a large
oversized laundry room with an additional set of washer/dryer makes housekeeping a breeze and there's extra space to store extra guest linens and supplies. For added convenience, there is a separate entrance and private road to access the hut.
Looking for a property with future growth potential? This property also includes a large pad ready to build another large home on, with its own private outdoor space and unbelievable views overlooking the entire Temecula Valley Wine Country. Increase your future vacation rental revenue by reinvesting some of your investment profits into adding another home. And it also has its own private driveway as well. DO NOT MISS OUT ON THIS ONE! FULLY FURNISHED AND TURNKEY - READY WITH EVERYTHING YOU NEED TO START MAKE MONEY THE DAY IT CLOSES. NO HOA. 6 YEARS OF VACATION RENTAL HISTORY, EXCELLENT REVIEWS, HISTORICAL REVENUE PERFORMANCE DATA. OVER 100 5-STAR REVIEWS ON BOTH AIRBNB and VRBO. BUYER(S) TO VERIFY THE ACCURACY OF ALL STATED INFORMATION.
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Fireplaces Number 1
Fireplaces Type Living Room
Furnishings Furnished
Fireplace true
Exterior
Exterior Feature Balcony
Parking Features true
Garage Spaces 3.0
Fence Wrought Iron
Pool Heated, Private, Salt Water, Waterfall, Pebble, In Ground
Utilities Available TV Satellite Dish
View Y/N true
View City Lights, Hills, Lake, Mountain(s), Panoramic, Pool, Trees/Woods
Private Pool Yes
Building
Lot Description Back Yard, Landscaped, Corner Lot
Story 2
Entry Level Two
Sewer Septic Tank
Architectural Style Traditional
Level or Stories Two
Others
Senior Community No
Acceptable Financing 1031 Exchange, Cash, Cash to New Loan, Conventional
Listing Terms 1031 Exchange, Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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