$500K Price Drop On Rolling Hills Home On 4.5 Acres

ROLLING HILLS, CA — This renovated Rolling Hills home sits on 4.5 acres in the private equestrian community of Rolling Hills. Its price just dropped $500K.

It features four bedrooms and three bathrooms. It also has a sparkling pool and spa, along with a separate guest house, which is near the vegetable garden, a playhouse for kids.

It was built in 1940. It's listed at $4.6M.

• Address: 1 Lower Blackwater Cyn Rd, Rolling Hills, California
• Price: $4,950,000
• Square Feet: 3,527
• Bedrooms: 4
• Bathrooms: 3 Baths
• Built: 1940
• Features: Located in the prestigious, guard-gated equestrian community of Rolling Hills. Situated on over 4.5 acres of land, this recently renovated home features 4 bedrooms, 3 bath main house, and a separate guest house. A grand entry leads to a new gourmet chef's kitchen, charming breakfast area, adjacent to the family room and living room, all leading to an outdoor trellised patio with its own fireplace, ideal for entertaining. The large grassy yard with sparkling pool and overflow spa is complete with a sitting area, and plenty of room to roam or expand. The unique guest house has it's own bathroom, kitchenette, and large open living area. Located next to the guest house is a large flat lawn area, a viewing pavilion, children's playhouse and vegetable gardens. The perfectly manicured grounds greet you and you will automatically know that you have arrived at a very special property. The large paver motor court greets you to a three car garage that has custom cabinetry, tongue and groove ceiling, stainless counter tops, and lots of custom storage. Owned by a prestigious interior designer, this home has many custom features throughout that make it very special. The City of Rolling Hills is a private, guard gated community with miles of horse trails, walking trails, lighted tennis courts, and riding rings for those of its residents.

This listing originally appeared on realtor.com. For more information and photos, click here.