Lolita Casita

Record-Setting Sale: 38905 Lolita Dr. | Temecula, CA

Seaway Commercial Real Estate Advisors successfully closed the highest-priced residential sale ever recorded in Temecula with the $4,500,000 sale of 38905 Lolita Dr. This 15-acre estate—perched in the prestigious Santiago Estatesenclave—offered a rare combination of privacy, resort-scale amenities, and proximity to the city core.

The transaction involved Arcade Monsters LLC as the buyer and a private seller. Our team represented the seller and led the process through a complex valuation challenge with no true local comps, ultimately sourcing pricing support from coastal and Rancho Santa Fe benchmarks.

Deal Summary

• Buyer: Arcade Monsters LLC (Private Entity)

• Seller: Private

• Sale Price: $4,500,000

• Building Size: Approx. 8,000 SF across multiple structures

• Lot Size: 15 acres

• Price/SF: ~$563

• Asset Type: Estate Residential

• Zoning: RA-2 ½ (2.5 acre minimum)

• Closing Date: Q3 2024

• Stories: 2

• Representation: Seller only

Property Highlights

Known locally as a showpiece of Chaparral/Santiago Estates, the property includes:

• Main residence: ~6,747 SF

• Guest house: 915 SF

• Art studio/workshop

• Pool casita: 709 SF

• Outdoor amenities: Tennis, pickleball, basketball, volleyball, bocce ball, vineyard, raised gardens, and horse corral

• Gourmet kitchen: Viking, Thermador, Sub-Zero appliances, dual ovens, warming trays, and butler's pantry

• Interior features: 6 en-suite bedrooms, secret courtyard, professional design, multiple entertaining areas

• Views: 360° views of city lights, mountains, sunsets, and fireworks on the 4th of July

Strategic Positioning

This was not just a sale—it was a market reset. With no direct comps, Seaway CRE Advisors leaned on regional ultra-luxury sales data from the Rancho Santa Fe and coastal enclaves to position this one-of-a-kind estate appropriately. We highlighted its value as a potential family compound, corporate retreat, or luxury short-term rental asset—offering both lifestyle and long-term upside.

Brokerage Impact

• Represented the seller in a record-breaking transaction

• Positioned the property with strategic pricing and narrative, not just comps

• Managed the process end-to-end for a smooth, clean close