tomo logo

$9,499,000

Beds
2
Baths
2.0
sq ft
3,200

5502 Los Ranchos Rd, San Luis Obispo, CA 93401

5502 Los Ranchos Rd

San Luis Obispo, CA 93401

  • 228 days on market
    • Price drop $1,001,000↓
Welcoming you to the heart of the picturesque Edna Valley, Jack Ranch stands as the epitome of luxury living on the Central Coast. Named after a pioneering family, this 281-acre estate offers an unparalleled blend of natural beauty, agricultural bounty, and prime location. Jack Ranch enjoys a coveted position within the prestigious SLO Country Club gates and renowned Edna Valley American Viticultural Area. The property is just minutes away from acclaimed wineries, tasting rooms, and the verdant fairways of the SLO Golf & Country Club. With downtown SLO just 5 miles away and Pismo Beach within an 8-mile radius, convenience meets luxury here. Spanning 281 acres, Jack Ranch boasts a diverse agricultural landscape, including 156 acres under cultivation and protected by a perimeter deer fence. The vineyard encompasses 74 acres planted with a selection of premium grape varietals, including Chardonnay, Pinot Noir, Albariño, Grüner Veltliner, and Tempranillo. With a production history yielding an average of 4 tons/acre over the past decade, the vineyard presents a lucrative opportunity for the discerning vintner. Additionally, 67 acres of lemon groves in their 3rd year of growth offer a thriving revenue stream, with produce sold to renowned distributors such as Bee Sweet Citrus. The property benefits from Williamson Act status, ensuring reduced property taxes and long-term sustainability. Jack Ranch presents entitlements for 2 custom homes, along with 1 ADU. Accessible through the SLO Golf & Country Club gates, each homesite promises unrivaled privacy. With hookups available for county sewer and amenities such as water and natural gas on-site, building your dream home has never been more seamless. Plus, with no HOA, you have the freedom to design and construct to your heart's content. Completing the estate is a 3,200 sq ft metal shop/barn equipped with 3 bays and office space, ideal for storing equipment or pursuing hobbyist endeavors. Water security's ensured with 4 wells, each outfitted with electric-powered pumps and a substantial 500,000-gallon metal holding tank, providing ample supply for agricultural and residential needs. Whether you aspire to cultivate wines, bask in the tranquility of rural living, or simply indulge in the finest amenities of CA's Central Coast, Jack Ranch offers an unparalleled canvas for realizing your vision. Seize this opportunity to own a piece of paradise in one of the most coveted locales on the West Coast.

Details

Property type

Single Family Residence

Lot size

279.0 acres

Price per sq ft

$2,969

Year built

2024

Price History

06/05/2024
CRMLS

CRMLS #SC24069387

Price change
$9,499,000
-9.53%
04/09/2024
CRMLS

CRMLS #SC24069387

Listed
$10,500,000
02/21/2024
CRMLS

CRMLS #NS23032988

Removed
$10,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

High school district: 

San Luis Coastal Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Us Bank Na

Loan start date

July 2022

Original loan amount

$2,310,000

Est. remaining balance

$2,233,972

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

Manuel F Silva Iii and The Revocable Trust

Lender

Us Bank Na

Loan start date

January 2021

Original loan amount

$668,850

Est. remaining balance

Not provided

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Manuel F Silva Iii and Revocable Trust Of Manuel F Silva Iii

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
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Status: Active

Tomo last checked: 11/23/2024 at 3:30 PM

Listing updated: 09/17/2024 at 7:01 PM

Listed by: Lindsey Harn, Christie's International Real Estate Sereno Phone #: (805) 476-0104

MLS: CRMLS #SC24069387

CRMLS logo

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