0
0 Beds
0 Baths
360 Acres
0 ft2

263 Foothill San Luis Obispo, CA

$12,600,000

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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.

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Property Information

  • Address: 263 Foothill, San Luis Obispo, CA 93405. 
  • Price: $12,600,000 
  • Acres: 360 
  • MLS #: PI20132933 
  • Listing Courtesy of: Hart Commercial Real Estate 
  • City: San Luis Obispo 
  • Postal Code: 93405 
  • County: San Luis Obispo 
  • Property Square Footage: 15681600.00 

Neighborhood Information

  • Neighborhood: San Luis Obispo(380) 

Amenities

  • View: Hills,Lake,Mountain(s) 

Other

  • 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. 
  • List Date: July 7, 2020 
  • Status: Active 
  • Directions: From LOVR Right on Foothill 

Other

  • Listing Agent State License: 01334694 
  • Listing Office State License: 01334694 

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Based on information from California Regional Multiple Listing Service, Inc. as of October 30th, 2020 at 11:27:07AM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.