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28442 San Timoteo Canyon Redlands, CA 92373
$2,100,000 5 beds, 4 baths
3, 326 sqft
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TWO REMODELED HOMES • NEARLY 16 ACRES • APPROXIMATELY $1.4 MILLION IN REMAINING CONTRACTED AM RADIO STATION GROUND-LEASE REVENUE THROUGH 2046. This extraordinary San Timoteo Canyon property combines 2 separate remodeled homes, equestrian and agricultural improvements, and a long-term ground lease with an established AM radio station. The lease currently generates $4,200 per month, includes contractual rent increases, and continues through March 2046. Based solely on the lease’s minimum future increases, the remaining contracted revenue is approximately $1.4 million, with potential for additional income when applicable CPI exceeds the contractual 3% annual floor. Approx. 15.93 acres, the property includes 2 detached homes totaling approx. 3,326 square feet. The two residences provide exceptional flexibility for multigenerational living, extended family, guests, ranch staff, or separate residential use. The larger residence, built in 1991, offers approx. 1,800 square feet with 3 bedrooms and 3 bathrooms. The second home, built in 1960, approx. 1,600 square feet with 2 bedrooms and 1 bathroom. Offering modern interiors and country living. A valuable and unique feature is the property’s established AM radio station ground lease. Approx. 4.9 acres are for the station’s broadcast site. The radio station owns and maintains its towers and related broadcasting equipment, while the property owner receives the ground-lease income. The lease currently produces $50,400 annually. The approx. $1.4 million in remaining contracted revenue assumes only the minimum 3% increase for every future period, meaning actual total payments may be higher. Beyond the income stream, well equipped for equestrian use, 32 horse stalls, multiple corrals, turnout areas. Substantial possibilities for a private equestrian estate, boarding, training, breeding, or other permitted agricultural uses. The property also includes an Old West town, creating a setting for enjoyment, events, photography, film and television production, or other creative uses. A mature producing citrus grove enhances the property’s agricultural character. Enjoy open space, privacy, and views of the surrounding hills, mountains, orchards, and San Timoteo Canyon. Despite its peaceful rural setting, it has access to shopping, dining, and major transportation routes. The nearby Nature Sanctuary contributes to the open-space character of the surrounding area.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# IV26148460
List price is $2,100,000 Reduced by $100,000 on 9/8/2026
HOA Fee is $0.00
Beds: 5
Baths: 4 (4 full)
Living Room,Masonry fireplaces
Built in 1991
3,326 sqft
1 story
15.93 acres
Lot size: 15.9317
County: San Bernardino
Property style: Ranch
Construction: Frame,Stucco
Interior features: Ceiling Fan(s),Separate/Formal Dining Room,Eat-in Kitchen,Open Floorplan,Pantry,Quartz Counters,Recessed Lighting,Storage,Bedroom on Main Level,Main Level Primary,Primary Suite
Appliances: Dishwasher,Electric Oven,Microwave,Range Hood
Parking description: Concrete,Driveway,Garage,RV Access/Parking
Lot description: SixteenToTwentyUnitsAcre,Agricultural,Horse Property,Lot Over 40000 Sqft,Pasture,Ranch
Heating/cooling: Central Air
Heating description: Central
MLS area: 268 - Redlands

Last Updated: 9/22/2026

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This listing belongs to the 268 - Redlands MLS area

The style of this listing is Ranch.
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Lat/Long: 34.012321, -117.184661.
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Listing Agent: JAMES MONKS
Co Listing Agent: Jennifer Holland
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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