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Sold for $8,325,000
  • Listed by: GRE Land & Commercial RE • Terri Delhamer • Contact: 951-698-1888
    Bought with: Acreage Real Estate
    $8,325,000

    42149 Elm St, Murrieta, CA 92562

    13beds
    13,500sqft
    Mixed Use
    Built in 2002
    40 Acres Lot
    $8,431,600 Zestimate®
    $617/sqft
    $2,157 Estimated rent

    Home value

    $8,431,600

    $7.67M - $9.27M

    $2,157/mo

    Zestimate® history
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    What's special

    Central fountainBeautifully landscaped yardBeautifully landscaped ceremony lawnsTree-lined reception areasCustom main residenceVaulted ceilings
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Terri Delhamer DRE #01007118 951-252-7889,

    GRE Land & Commercial RE,

    Dianne Hoffman DRE #01333709,

    GRE Land & Commercial RE

    Bought with:

    GURJEET BHATIA, DRE #01895064

    Acreage Real Estate

    Source: CRMLS,MLS#: SW25120556MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 13
    • Bathrooms: 14
    • Full bathrooms: 14
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Foyer, Game Room, Guest Quarters, Kitchen, Laundry, Primary Bedroom, Office
    Primary bedroom
    • Features: Main Level Primary
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • Entrance Foyer, Main Level Primary
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 13,500 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Garage - Attached
    • Attached garage spaces: 12
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground
    • Has private pool: Yes
    • Pool features: Private
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 40 Acres
    • Features: Horse Property, Lawn, Landscaped, Pasture, Ranch, Trees
    Details
    • Parcel number: 909100007
    • Zoning: A120
    • Special conditions: Standard
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 2002

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Community
    • Features: Fishing
    Location
    • Region: Murrieta

    Financial & listing details

    • Price per square foot: $617/sqft
    • Tax assessed value: $4,762,698
    • Annual tax amount: $52,302
    • Date on market: 5/29/2025
    • Cumulative days on market: 67 days
    • Listing terms: Cash to New Loan

    Price history

    DateEventPrice
    10/17/2025Sold$8,325,000-27.6%$617/sqft
    Source: CRMLS #SW25120556 Report a problem
    9/24/2025Pending sale$11,500,000$852/sqft
    Source: CRMLS #SW25120556 Report a problem
    8/13/2025Contingent$11,500,000$852/sqft
    Source: CRMLS #SW25120556 Report a problem
    5/30/2025Listed for sale$11,500,000+161.4%$852/sqft
    Source: CRMLS #SW25120556 Report a problem
    10/30/2020Sold$4,400,000+18.9%$326/sqft
    Source: Public Record Report a problem
    4/15/2011Sold$3,700,000$274/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$52,302 +2%$4,762,698 +2%
    2024$51,291 -1.9%$4,669,313 +2%
    2023$52,291 +2%$4,577,759 +2%
    2022$51,274 +2%$4,488,000 +2%
    2021$50,278 +1.5%$4,400,000 +1.5%
    2020$49,531 +2%$4,334,444 +2%
    2019$48,568 +2%$4,249,456 +2%
    2018$47,612 +1.4%$4,166,134 +2%
    2017$46,949 $4,084,446 +2%
    2016$46,949 +2.5%$4,004,360 +1.5%
    2015$45,821 $3,944,212
    Find assessor info on the county website

    Neighborhood: 92562

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $8,431,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $8,431,600