6311 El Montevideo Rancho Santa Fe, CA 92067
$2.8 m

Pending (446 Days)
4
BED
5.2
BATH
8,336
SQFT

Comments

PRICE REDUCTION!!! Perfect opportunity for the right buyer! It is a Spanish style home with great potential. There is approx 8336 sf in the main house and approx 2900 sf in the guest house with an attached 7 car garage. Two full sized pools in a beautiful private setting. This is a total rehab. See the supplement. This 4.04 acre enclave is located directly across from the Reservoir, is close to the Village, RSF School and yet is one of the most private estates in the Covenant. Easily priced at HALF the potential repaired value, the price reflects the condition. Surrounded by homes from $5M to $10M, this could be a stunning showplace. main house is 8,336 sf PLUS a guest house of 2,910 sf PLUS a basement of 900 sf which has the potential for a wine cellar! The home is approached through impressive GATES with Reservoir views through the floor to ceiling arched windows. Much of the architectural splendor of the property remains, doors, marble, ebony,mahogany,and walnut floors,intricate boxed beam ceilings, four fireplaces and paneled office. There are two pools, hand cut stone patios, exterior fireplaces,wine cellars and garages to accommodate 7 cars. Unfortunately the home has many missing fixtures and property needs some improvements and TLC. At this point, the Buyers have the ability to configure the property to suit their tastes. Some significant damage from leaking plumbing and roof is apparent and there are improvements in the framing stages.This is not your quickie rehab or flip. This is a serious property that required some serious thought and investment, but the potential is there for some awesome return.

MLS #
170007945
Lot Size
4.04 acres
Type
Single-Family Home
Year Built
1984
Style
Mediterranean/Spanish
County
San Diego Co.
Community
Covenant
Bathroom Details
  • Full Bathrooms: 5
  • Half Bathrooms: 2
Subdivision
  • Covenant
Lot Information
  • Rolling
  • Level
Heating and Cooling
  • Combination Heating
  • Central Forced Air
Pool Information
  • Below Ground
Flooring
  • Other/Remarks
  • Stone
  • Carpet
Exterior Features
  • Wood/Stucco
  • Roof: Tile/Clay
Utility Information
  • Utilities: Other/Remarks
  • Sewer: Sewer Available
  • Fuel: Propane
   
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Listing Price History

Date Event Price % Change $ (+/-)
Sep 20, 2017 Price Changed $2,750,000 -7% -215,000
Aug 09, 2017 Price Changed $2,965,000 -3% -85,000
May 09, 2017 Price Changed $3,050,000 -2% -50,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Listing Courtesy of: San Diego, CA MLS / Windermere Homes & Estates / Karen Farley
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