This Cape Cod-style house was originally intended as a guest house. Move in, add on, or use the main floor or upstairs as a granny flat (both with private entrances, separate HVAC units), or occupy it while you build your main home on this beautiful 5.01-acre lot in the highly desirable equestrian community of Elfin Forest. This gently rolling parcel is perfect for horses! Plenty of room for your arena, turnout, a barn, and main home. Ride off the property onto the extensive trail system which can take you to Rancho Santa Fe, Olivenhain, San Marcos, and Escondido trail systems. Just minutes from three tack and feed stores, the property lies within the highly acclaimed Rancho Santa Fe and San Dieguito Union School Districts, Rancho Santa Fe Fire Protection District (located in the heart of the community), while shopping, dining, Palomar Hospital, and coastal beaches are just minutes away.