Real Estate In Real Time "Let's see how we can make this market work for you!"
Listed By:
Chris Richardson with Richardson Sotheby's International Realty; 805-801-9091
Address
500 Spanish Springs Drive, San Luis Obispo, CA
Price
$ 8,500,000
Property Attributes
  • MLS#PI24028026
  • TypeCommercial
  • CountySAN LUIS OBISPO
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • Zip93401
  • StyleAgriculture
  • Price$ 8,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1672
  • Lot Size218 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Discover the epitome of opportunity at 500 Spanish Springs Drive, a captivating coastal vineyard property located less than three miles from the Pacific Ocean in the heart of San Luis Obispo County. Sprawling across 218 +/- acres of picturesque landscape, this property is an enchanting canvas awaiting the brushstrokes of your dreams. Nestled within the esteemed SLO Coast AVA, Spanish Springs Vineyard boasts over ninety acres of meticulously cultivated vineyards, showcasing a diverse array of varietals including Chardonnay, Syrah, Pinot Noir, and more. This property produces premium grapes sought after by discerning winemakers, leading to the creation of award-winning wines that consistently receive high ratings. Immerse yourself in the art of winemaking while relishing the temperate Central Coast climate that defines the region's viticultural excellence. Just minutes from the shores of Pismo Beach and a short drive to downtown San Luis Obispo, this location seamlessly blends serenity with accessibility. Explore the vibrant local culture that makes both cities cherished destinations. Other highlights include proximity to the ACI Jet Center and San Luis Obispo Regional Airport. The potential* of 500 Spanish Springs Drive is as limitless as your imagination. Expand the vineyards, craft a tasting room, or build the estate you've always envisioned. The canvas extends beyond viticulture – explore opportunities for retail, hospitality, or a winery. Situated adjacent to ANZA Vineyard Estates, this property shares borders with multi-million-dollar homes set within this prestigious community, reflecting the area's growing appeal and investment potential. Seize the opportunity to claim this extraordinary property and write the next chapter of its story. *Note: All development opportunities are subject to required entitlements and approvals by the County of San Luis Obispo. Seller and brokers make no guarantee of what can be constructed on the property.*

Price History
2/9/2024 Listed $8,500,000

General Features

Utilities ElectricityConnected,NaturalGasNotAvailable,Propane,SewerNotAvailable,WaterConnected
Zoning AG
Year Built 1982
Property SubType Agriculture
Additional Parcels Description 079281027
County San Luis Obispo
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Other Structures LivingQuarters
Special Listing Conditions Standard
Status Active
Directions Price Canyon Rd to Spanish Springs Drive.
City San Luis Obispo
View Y/N No
Senior Community Y/N No
MLS Area SLO - San Luis Obispo
Lot Size Square Feet 9496080.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 1
Street Name Spanish Springs
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.spanishspringsvineyard.com/mls/126839801
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Virtual Tour https://www.spanishspringsvineyard.com/
Property Sub Type Additional Agriculture
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Drive
Laundry Features WasherHookup,GasDryerHookup
Entry Level 1
Electric On Property Y/N No
LivingAreaSource Assessor

Exterior Features

Fencing BarbedWire
Lot Features Agricultural,DripIrrigationBubblers,Greenbelt,GentleSloping
Water Source AgriculturalWell,SeeRemarks,SharedWell,Well
Lot Size Area 9496080.0
Number of Buildings 4
Spa No
Building Area Total 1672.0
Lot Size Acres 218.0
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

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 Commercial Average in 93401

Price
AVG $2.78M
$8.5M
Visits
AVG 85
45
Data Provided by Inside Real Estate®
Year Built
AVG 1975
1982