$3,688,000

With pastoral mountain and evening-light views from its private, elevated position in Rancho Santa Fe’s exclusive Covenant community, this sprawling 3.1-acre site is ready for your ultimate dream home. The highly coveted lot is partially developed while still offering generous useable space for a luxurious custom home and a resort-worthy backyard. Introduced by a gated driveway, the property boasts a new 2,000-s.f. car enthusiast barn that features a second-floor studio apartment of nearly 1,229 square feet. The apartment makes it easy to live onsite during the construction of your new estate or you could rent out the studio for approximately $7000/month. An owned solar power system is included, and the site was formerly approved for three horses. It is adjacent to Covenant equestrian trails and features rock walls and serene walking paths around the property, gorgeous landscaping with built-in irrigation, and a variety of avocado, orange, lemon, grapefruit and pomegranate trees. A vineyard with 141 vines produces approximately 1,200 pounds of Petite Sirah grapes annually. Architectural plans are available and the site is ready to build. It needs re-approval through the Covenant Art Jury, fire department and San Diego County.