$7,950,000 Price Analysis   ♡   San Luis Obispo, CA 93405 Unknown bed 0 bath unknown SqFt ($0/SqFt) 360.0 acre lot. Listed 2024-04-23, Taxes $17,986 | Ⓧ USDA Ineligible due to property near San Luis Obispo |
Property Details
The historic Madonna-Twisselman Ranch features 360 acres of gently sloping lakefront land nestled between the base of Cerro San Luis along the northern property line and encompassing a portion of Laguna Lake to the southeast section. Cerro San Luis Obispo or commonly referred to as Madonna Mountain by locals, is a member of the or Nine Sisters, a chain of prominent volcanic peaks stretching east from Morro Bay. A stream runs along the foothill frontage of the property with several intermittent streams running from Cerro San Luis to the lake. The ranch is 10 miles from Avila Beach to the south, 10 miles from Morro Bay to the west and despite its rural feel, is located a few minutes from downtown San Luis Obispo. The San Luis Obispo County Regional Airport s 6 miles away and offers 3 passenger airlines which serve the airport with nonstop flights to 8 cities. This is an unparalleled opportunity for an astute buyer looking for a ranch with a wealth of possibilities located in the heart of San Luis Obispo.
Agricultural Opportunities: The property soil classifications and microclimate are suitable for farming many permanent or rotational crops that the region is well known for. Currently there are no irrigated or dry crops produced on the property. The ranch is presently used for raising brood mares and foals. Subdividing by Lot Line Adjustments: The ranch is comprised of 4 APNs and 7 parcels with recorded certificates of compliance. The ranch offers a buyer an opportunity to reconfigure the parcels into a variety of layouts through lot line adjustments, versus having to go through a lengthy mapping process. After processing a LLA a buyer could sell off some or all of these smaller portions of the ranch at a substantial premium. Future Development Opportunities: The property is not in the Williamson Act and could allow for potential future development, mostly likely as part of a rezone and an annexation into the city. The ranch and surrounding properties are within the Citys Sphere of Influence Area 9. The area is bounded by Los Osos Valley Road to the south and Foothill Boulevard to the east. The City has identified the potential land use for this area as Residential and Open Space. Much smaller ranches in the area that have been annexed into the city and rezoned have sold for over multiple times the asking price of this opportunity. Call for offers due May 28, 2024.
Presented by Jason Hart at
Hart Commercial Real Estate.
Property MLS #PI24080427 from CRMLS
Additional Parcels: Yes
Lot Description: Horse Property Unimproved, Ranch
Lot Size Acres: 360.0
Lot Size Square Feet: 15681600
County: San Luis Obispo
Directions: From LOVR Right on Foothill
Source Property Type: Land
Area: SLO - San Luis Obispo
Source Neighborhood: San Luis Obispo(380)
Parcel Number: 067091013
Subdivision: San Luis Obispo(380)
Zoning: AG
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $1,699,647 $1,699,647 | $17,986 |
| 2021 | $unknown + $1,666,321 $1,666,321 | $17,700 |
| 2020 | $unknown + $1,649,235 $1,649,235 | $17,518 |
| 2019 | $unknown + $1,616,898 $1,616,898 | $17,337 |
| 2018 | $unknown + $1,585,195 $1,585,195 | $16,997 |
| 2017 | $unknown + $1,554,113 $1,554,113 | $16,663 |
| 2016 | $unknown + $1,523,641 $1,523,641 | $16,337 |
| 2015 | $unknown + $1,500,755 $1,500,755 | $16,087 |
| 2014 | $unknown + $1,471,358 $1,471,358 | $14,772 |
| 2013 | $unknown + $1,464,709 $1,464,709 | $14,705 |
| 2012 | $unknown + $1,435,990 $1,435,990 | $14,417 |
| 2011 | $unknown + $1,351,243 $1,351,243 | $13,552 |
| 2010 | $unknown + $1,341,145 $1,341,145 | $13,450 |
| 2009 | $unknown + $1,344,332 $1,344,332 | $13,472 |
| 2008 | $unknown + $1,317,973 $1,317,973 | $13,208 |
| 2007 | $unknown + $1,292,131 $1,292,131 | $12,949 |
$7,950,000
CRMLS
Listing removed 2024-03-02
$8,900,000
MetroList
Price Changed 2023-11-20
$8,900,000
MetroList
Listed 2023-07-28
$11,500,000
MetroList
Listing removed 2023-07-21
$0
MyStateMLS
Listing removed 2023-06-29
$0
CRMLS
Price Changed 2021-01-18
$9,000,000
CRMLS
Listed 2020-07-07
$12,600,000
CRMLS
Sold 2005-03-18
$669,500
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.