42149 Elm Street, Murrieta, CA 92562
Local realty services provided by:ERA North Orange County Real Estate



42149 Elm Street,Murrieta, CA 92562
$11,500,000
- 13 Beds
- 14 Baths
- 13,500 sq. ft.
- Single family
- Active
Listed by:terri delhamer
Office:gre land & commercial re
MLS#:SW25120556
Source:CRMLS
Price summary
- Price:$11,500,000
- Price per sq. ft.:$851.85
About this home
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.
Contact an agent
Home facts
- Year built:2002
- Listing Id #:SW25120556
- Added:80 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Bedrooms:13
- Total bathrooms:14
- Full bathrooms:14
- Living area:13,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
Structure and exterior
- Year built:2002
- Building area:13,500 sq. ft.
- Lot area:40 Acres
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$11,500,000
- Price per sq. ft.:$851.85
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