Temecula, CA 92592,38990 Loren WAY
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Temecula, CA 92592,38990 Loren WAY
Temecula, CA 92592,38990 Loren WAY
Temecula, CA 92592,38990 Loren WAY
Temecula, CA 92592,38990 Loren WAY

$1,595,000

Est. payment /mo

$1,595,000

Est.Price: ?

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38990 Loren WAY Temecula, CA 92592

5 Beds

4 Baths

3,317 SqFt

SOLD DATE : 08/26/2021

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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Listed by Malbec Realty
agent

Tadd Bennett

Broker | License ID: 01926503

+1(760) 222-7717

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