Water Views
Address
263 W Foothill Boulevard San Luis Obispo, CA
Price
$ 9,000,000
Property Attributes
  • MLS#PI20132933
  • TypeLand
  • CountySAN LUIS OBISPO
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • NeighborhoodSan Luis Obispo
  • Zip93405
  • Style
  • Price$ 9,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size360 Acres
Listing Provided Courtesy Of:
Jason Hart with Hart Commercial Real Estate.
Data Source:
CRMLS
Property Description

The historic Alberti-Madonna Ranch is centered in one of the most prime parts of the Central Coast of California, San Luis Obispo. The ranch is nestled between the base of Cerro San Luis along the northern property line and encompasses a portion of Laguna Lake to the southeast section. Cerro San Luis Obispo, or commonly referred to as Madonna Mountain, 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 only 10 miles from Avila Beach to the south, 10 miles from Morro Bay Beach to the west, and despite its rural feel, is located just a few minutes from downtown San Luis Obispo. This is an unparalleled opportunity for an astute buyer looking for a ranch with a wealth of possibilities located in the heart of the Central Coast’s gem. The ranch is comprised of 4 APNs and 7 parcels with recorded certificates of compliance. The ranch offers a new buyer the chance to reconfigure the parcels into a variety of layouts through lot line adjustments, versus having to go through a lengthy mapping process. The property is not in the Williamson Act which could allow for potential future development, most likely as part of a rezone and an annexation into the city. The ranch and surrounding properties are within the City’s Sphere of Influence Area 9.

Price History
7/8/2020 Listed $12,600,000
1/18/2021 29% - $9,000,000

General Features

Additional Parcels Description 067-091-014, 067-091-015, 067-072-040
Additional Parcels Y/N Yes
Community Features Foothills, Horse Trails, Lake, Rural
Listing Agent Jason Hart - BRE#01334694
Listing Agent State License 01334694
MLS Area SLO - San Luis Obispo
Property Type Land
Special Listing Conditions Standard
Status Active
Subdivision Name San Luis Obispo(380)
Terms Cash to New Loan
View Hills, Lake, Mountain(s)
Zoning AG

Exterior Features

Horse Amenities Riding Trail
Lot Features Ranch
Lot Size Acres 360
Lot Size Area 360
Lot Size Source Other
Lot Size Square Feet 15681600
Lot Size Units Acres
View Y/N Yes
Water Source See Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 93405

Price
AVG $5.18M
$9M
Visits
AVG 150
372

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