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36500 De Portola Road
Temecula, CA 92592
Lorie Anne Auer with eXp Realty of California, Inc., original listing - (888) 832-7179
$4,949,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
10000 Square Feet
Property Description
***A Masterpiece of Elegance and Serenity in Temecula Wine Country*** Welcome to this extraordinary luxury estate, offering 10,000 square feet of opulent living space on over 10 private, tree-lined acres in the heart of the Temecula Valley Wine Trail. A gated entry opens to a meandering driveway that traverses the property leading you to a grand roundabout featuring a 20-foot water fountain—your first glimpse of the estate’s timeless sophistication. Step through brand-new double doors, adorned with wrought iron accents, into a grand foyer showcasing a massive chandelier & marble floors that extend throughout the main level & up the sweeping staircase **Every detail of this home has been designed to inspire** The main level features an impressive ballroom with four chandeliers, a wood-beamed ceiling, a floor-to-ceiling brick fireplace, & courtyard access. A stately office offers a cozy fireplace, hardwood built-ins, & a five-panel bay windows framing stunning views. The formal dining room, with its own fireplace, flows seamlessly into a fully renovated kitchen featuring waterfall marble countertops on a sprawling center island with bar seating, white & blue shaker cabinets, commercial-grade appliances, a coffee bar, breakfast nook, & dual backyard access. A library with fireplace & hardwood walls & built-ins, a massive family room with fireplace, full bar & a spacious laundry room round out the main level. A brand-new elevator provides effortless access throughout the home. Upstairs, a master suite has a private retreat with fireplace, luxurious bathroom featuring a huge natural stone shower, soaking tub, dual vanities, & his/hers closets. Two junior suites with private baths—one with a balcony overlooking the pool—& a functional sauna complete this level. The enchanted 10-acre grounds are awe-inspiring. Highlights include a rolling hills executive golf course, a half-acre pond with an island & water features, a thriving grove of various fruit trees, & three cleared acres ready for planting vines or whatever you so desire. The upper grounds feature a newly renovated Olympic-sized pool & spa plus a sand volleyball court, & space for a pickleball court. Above the four-car garage is an 1,100-square-foot ADU/Casita with a private entrance, two master suites with private baths, a kitchenette & laundry—perfect for multi-generational living or guests. Surrounded by award-winning wineries, this estate offers unparalleled luxury in Temecula Wine Country.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1982
MLS Number
--
Location
Address
36500 De Portola Road
City
Temecula
State
CA
Zip Code
92592
County
RIVERSIDE (WEST)
Listing
Name
Phone
(951) 204-6150
Office Name
Office Phone
(888) 832-7179
Agent Name
Lorie Anne Auer
Agency Phone
(888) 832-7179

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.