5500 Oil Well Road
Phelan, CA, 92371
$399,999
MLS: CV26113324
Beds
3
Baths
2
Sq Ft
1,668
Lot
5.00 ac
Year Built
1968
MLS #
CV26113324
Days on Market
13
Listed
May 26, 2026
Description
Welcome to 5500 Oil Well Road in Phelan, CA, a peaceful 5-acre High Desert property surrounded by wide-open space, blue skies, mountain views, mature trees and the kind of privacy buyers look for in rural acreage High Desert living. This 3 bedroom, 2 bath home offers 1,668 sq ft of comfortable living space with warm wood-paneled character, large picture windows, ceiling fans and a cozy stacked-stone fireplace in the living room. The family room adds even more charm with a wood-burning stove set into a natural rock feature wall. The home offers 3 generously sized bedrooms with privacy-height windows that bring in natural light and capture views from nearly every room. The guest bathroom features an upgraded walk-in soaking tub, while the primary bathroom offers a step-in shower. An indoor laundry room provides added convenience with direct access to the backyard. The kitchen includes ample cabinet space, tile counters, gas range/oven, breakfast bar or buffet-style serving counter and an easy flow into the dining area, where sliding doors open to the covered patio and outdoor living space. The home also includes a large built-in security safe, a rare and valuable feature for securing what matters most. This mostly flat 5-acre parcel offers space, function and flexibility, and all the possibility to create the lifestyle that fits your family. Bring your horses, vehicles, tools, equipment, animals, garden plans, desert toys, hobbies or simply enjoy having more room between you and the neighbors. The fully fenced property includes security wire and is accessed through a convenient remote-activated electric entry gate. A detached 2-car garage with covered carport area adds shady parking, storage and project space, and the large permanent metal storage unit with roll up door stays with the property. Including a back-up generator and back-up propane tank. Main propane tank is owned as well. The covered back deck, shaded outdoor areas and mature trees create peaceful places to relax, gather and take in the surrounding mountain and foothill views. The property also features a private well with artesian water. Tucked away and quiet, yet still within easy reach of local schools, Highway 138, town conveniences and mountain recreation, and a quick commute in either direction, this property offers Phelan acreage, privacy, views, storage, water independence, and true mountain foothill High Desert character.
Location
Phelan, San Bernardino County, CA 92371
Open on Google Maps ↗Listed by: Cynthia Vanover · HOMESMART KEY REALTY
Payment estimate
$3,147
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $40,000 · Loan: $359,999
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,280
- Property tax (1.25%)
- $417
- Homeowners insurance
- $300
- Mortgage insurance
- $150
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Phelan home with as little as 3.5% down using an FHA loan — roughly $14,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Similar Homes Nearby
Active and pending listings in ZIP 92371 (Phelan)within ±10% of this home's price and size.
$365,000
8074 Mira Mar Road
Phelan, 92371
$379,900
12352 Nugget
Phelan, 92371
$385,000
10532 Acanthus Street
Phelan, 92371
$392,000
12594 Atsina Road
Phelan, 92371
$399,000
12837 Hacienda
Phelan, 92371
$400,000
13384 Sheep Creek Road
Phelan, 92371
Local Market Stats
See Phelan, CA 92371 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.