This one-of-a-kind Santa Margarita Lake view property is a truly rare opportunity, encompassing approximately 35± acres and one of only a handful of parcels surrounding the stunning Santa Margarita Lake. This exceptional property offers breathtaking, unobstructed lake views and usable acreage ideal for horses, cattle, or recreation. Enter through a private gate off Las Pilitas Road onto the lower portion of the property, where you’ll find multiple usable acres, existing equestrian facilities, a tack room, and pull barns, perfect for animals, equipment, or agricultural use. A scenic driveway winds up the hillside through majestic oak trees and natural rock outcroppings. As you ascend, the home and panoramic lake views begin to unfold. The multi-level redwood home offers approximately 4,618± square feet of living space, featuring four bedrooms and three and a half bathrooms. Mostly original, the home is ready for someone with vision to renovate and craft their dream retreat. With phenomenal views from nearly every room and expansive square footage, this is a rare chance to create a truly special residence. Enjoy incredible sunrises over the lake and unforgettable sunsets from the comfort of your own land. With limited boating activity and a peaceful, natural setting, Santa Margarita Lake remains especially quiet and serene, ideal for those seeking a true retreat in nature. Explore nearby trails, horse camps, and open spaces just beyond your doorstep. Reports and additional property information are available upon request.