42149 Elm Street

  • $11,500,000
Murrieta, California
Active
42149 Elm Street
Murrieta, California
  • $11,500,000

Overview

  • Residential
  • Property Type
  • 13
  • Bedrooms
  • 14
  • Bathrooms
  • 12
  • Garages
  • 13500
  • Sqft
  • 238012
  • Property ID

Description

Welcome to Hawk Ranch – a truly exceptional 40-acre ranch estate and turnkey event venue located on Murrieta’s prestigious westside. Zoned Rural Residential (RR) with a fully approved Minor Conditional Use Permit (MCUP) for weddings and events, this rare property blends luxury living, thriving agri-tourism businesses, and substantial income opportunities. Just minutes from I-15, I-215, and the renowned Temecula Valley Wine Country, Hawk Ranch offers privacy, scale, and accessibility in one of Southern California’s most sought-after rural communities. The estate features five separate residences totaling approximately 13,500 square feet. At the heart of the property is a ±7,300 SF custom main residence designed in a lodge style with impressive natural wood interior finishes, vaulted ceilings, and a beautifully landscaped yard and pool ideal for entertaining. Four additional homes—ranging from 950 to 2,500 SF—are ideal for guest housing, potential short-term vacation rentals or B&B operations. A ±2,300 SF banquet/gallery hall anchors the wedding and events business, complemented by beautifully landscaped ceremony lawns, tree-lined reception areas, bride and groom suites, and a tranquil 1/3-acre pond stocked with fish and accented by a central fountain. Business operations include weddings and receptions, private farm animal tours, cattle and farm product sales, a souvenir retail shop, and residential rental income. Projected net annual income exceeds $450,000, with $200,000 from weddings and events, $150,000 from rentals, and $100,000 from agri-tourism operations. All ranch and farming equipment is included, offering a seamless transition for the next owner-operator. Originally developed by builder and outdoorsman William Mitchell as a private retreat, the property was granted a CUP in 2014 and has since been thoughtfully expanded by the current owners to support a wide range of uses and revenue streams. Additional features include a 5-car garage, 60-foot-deep RV garage, two operational water wells, multiple septic systems, and a 5/8-mile horse racing track. One of only four permitted wedding venues in Murrieta, Hawk Ranch presents an unparalleled opportunity for investors, retreat operators, hospitality entrepreneurs, or multi-generational buyers seeking a lifestyle asset with income, history, and growth potential. Shown by appointment only. Do not disturb active business operations.

Details

Updated on June 3, 2025 at 5:04 pm
Listed by Terri Delhamer, GRE Land & Commercial RE
  • Property ID: 238012
  • Price: $11,500,000
  • Property Size: 13500 Sqft
  • Land Area: 1742400 Square Feet
  • Bedrooms: 13
  • Bathrooms: 14
  • Garages: 12
  • Year Built: 2002
  • Property Type: Residential
  • Property Status: Active

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