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587 North Rice Road, Ojai, CA 93023

$1.3M3bd · 3ba · 2,048 sqft
Lot 0 sqft•Single Family Residence•
Active
•22d on market•MLS# V1-36237

Property Description

Positioned on a scenic hillside in Ojai, this property offers a rare blend of privacy, views, and long-term upside in one of the area's most desirable settings. With sweeping mountain vistas and vibrant sunset exposures, the location alone makes this a standout opportunity for both homeowners and investors. The two-story home features a light-filled interior with large windows and sliding glass doors that frame the surrounding landscape. An expansive upper deck takes full advantage of the elevated setting, perfect for enjoying Ojai's signature sunsets or entertaining guests. The property also includes a detached studio and an additional outbuilding, offering flexible space for a variety of uses such as guest accommodations, creative workspace, or endless possibilities to suit your needs (buyer to verify). Outdoor areas include terraced sections and established landscaping, creating a natural extension of the living space. Conveniently located just minutes from downtown Ojai, this property presents an opportunity to enjoy as-is while also offering room to personalize and enhance over time. A compelling option for those looking to invest in both lifestyle and value in a highly sought-after market.

Features & Amenities

FeeBuilt 1990

Property Details

Land Type
Fee
Year Built
1990
Property Type
Residential
Property Subtype
Single Family Residence
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s), River, Trees/Woods, Valley
Flooring
Tile
Roof
Composition
City
Ojai
Zip Code
93023
County
Ventura
Listed byRealty ONE Group Summit, Leslie Gillespie

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,573.51
Principal & Interest
Loan Amount
$1,040,000
Total Interest
$1,326,463
Total Payment Over 30 Years
$2,366,463
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

587 North Rice Road, Ojai, CA 93023

Ojai · Single Family Residence

$1.3M
Residential Tier
Beds
3
Baths
3
Sqft
2,048
Lot
16,117 sqft
Year
1990
$/Sqft
$635
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed 4.1% above the median closed sale of $1,249,000. Price per sqft ($635) is a 17% discount to closed comps ($765).

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.30M· $635/sqft
Total list price
Closed comps
vs closed median $1.25M
+$51K (+4.1%)
Active comps
vs active median $1.29M
+$5K (+0.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $644
−$9 (−1.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2175 Maricopa HighwayOjai1987431,8647,320$695$1.29M3886
138 Christopher LaneOjai1987422,03510,000$663$1.35M283
1275 Mariano DriveOjai1961522,0549,600$584$1.20M3974
210 LomitaOjai1959321,6229,583$755$1.23M14274
883 Moreno DriveOjai1967442,6238,276$524$1.38M871
Total: 5 · Average4.02.62,039.68,955.8$644.2$1.29M45.8
Median2,035$1.29M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
594 La Luna AvenueOjai199109/21/2026331,93215,247$1.40M$1.35M$6990.964984
1420 La Paz DriveOjai197802/03/2026432,00411,325$1.25M$1.25M$6231.002774
204 Lomita AvenueOjai194512/01/2025321,4568,276$1.17M$1.20M$8231.036773
1118 Capello WayOjai196105/28/2026321,76410,454$1.40M$1.42M$8021.014073
1054 Fairview RoadOjai196005/19/2026321,3289,147$1.20M$1.17M$8770.975572
Total: 5 · Average3.22.41,696.810,889.8$1.28M$1.28M$764.8—47.6
Median1,764$1.25M$1.25M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.