$3,450,000
$750K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

1498 O'Connor Way San Luis Obispo, CA 93405

Estimated payment $18,287/month

Total Views 30,167
2 Beds
2 Baths
2,400 Sq Ft
$1,438 Price per Sq Ft

Highlights

  • Barn
  • Horses Allowed On Property
  • 187.9 Acre Lot
  • Bishop's Peak Elementary School Rated A
  • RV Access or Parking
  • Canyon View

About This Home

Nestled in the heart of San Luis Obispo, this 189-acre estate was once part of the historic O'Connor Ranch, a property featured in History of San Luis Obispo County. Offering breathtaking views, including a portion of Cerro Romualdo, one of the famed "Seven Sisters," this ranch blends rich history with modern potential.The property includes multiple residences, barns, and outbuildings, providing endless opportunities. The main home exudes historic charm, complemented by a second farmhouse, bunkhouse, rustic cabin, and two barns. A large structure could easily be converted into a 12-stall barn with a one-acre arena, ideal for equestrian pursuits. Currently used for cattle grazing, the estate also offers multiple income streams. Just 10 minutes from downtown San Luis Obispo, 15 minutes from Morro Bay, and within a few hours of major cities, this rare property is perfect as a family compound, working ranch, or weekend retreat. Own a piece of SLO history while enjoying modern comforts in a stunning rural setting.

Listing Agent

Ed Perry

California Outdoor Properties, Inc. License #02083581 Listed on: 03/25/2025

Co-Listing Agent

Janet DeLeo

California Outdoor Properties, Inc. License #02108215

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,233

Year Built

  • Built in 1930

Lot Details

  • 187.9 Acre Lot
  • Barbed Wire

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage
  • Gravel Driveway
  • RV Access or Parking

Property Views

  • Canyon
  • Mountain

Home Design

  • Colonial Architecture
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Wood Roof
  • Metal Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Great Room
  • Living Room
  • Tile Flooring
  • Laundry in unit

Kitchen

  • Double Oven
  • Built-In Electric Oven
  • Built-In Electric Range
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • 220 Volts
  • Private Water Source
  • Septic System

Additional Features

  • Shed
  • Barn
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 067-061-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,233

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Subtype 1: Single Family Residence
  • Remodeled Updated: No
  • Stories: 2
  • Year Built: 1930
  • Architectural Style: Colonial
  • Levels: Two
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Electric Oven, Built-In Electric Range, Free Standing Refrigerator, Disposal, Double Oven, Electric Cook Top
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Flooring: Tile
  • Total Bathrooms: 2
  • Bathroom Features: Tub w/Shower Over
  • Dining Room Features: Space in Kitchen
  • Kitchen Features: Laminate Counter
  • Living Room Features: Great Room
  • Main Level: Bedroom(s), Living Room, Master Bedroom, Full Bath(s), Partial Bath(s), Kitchen, Street Entrance
  • Price Per Square Foot: 1437.50
  • Square Footage: 2400.00

Exterior Features

  • Other Structures: Barn(s), Shed(s)
  • Construction Materials: Wood
  • Fencing: Barbed Wire
  • Foundation: Block, Pillar/Post/Pier
  • Home Warranty: No
  • Horse Property: Yes
  • Listing Price: 3450000.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Roof: Wood, Metal
  • Spa: No
  • View Description: Canyon, Other, Mountains

Garage/Parking

  • Open Parking Spaces: 5.00
  • Garage Spaces: 1.00
  • Parking Features: RV Access, RV Possible, Detached
  • Driveway/Sidewalks: Gravel

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Septic Connected
  • Utilities: Electric
  • Cooling: Ceiling Fan(s)
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: Inside Area
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Other

Lot Info

  • Horse Amenities: None
  • Zoning: SFR
  • Irrigation: None
  • Lot Size Acres: 187.9000
  • Lot Dimensions: San Luis Coastal
  • Lot Size Sq Ft: 8184924.00

Multi Family

Tax Info

  • Assessor Parcel Number: 067-061-031
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Other

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,233 $108,625 $95,852 $12,773
2024 $1,134 $111,607 $99,084 $12,523
2023 $1,134 $102,436 $90,158 $12,278
2022 $1,069 $101,042 $89,004 $12,038
2021 $1,112 $99,674 $87,872 $11,802
2020 $1,134 $106,721 $95,040 $11,681
2019 $1,105 $260,330 $237,426 $22,904
2018 $1,069 $99,660 $88,432 $11,228
2017 $1,055 $98,384 $87,376 $11,008
2016 $934 $87,098 $76,305 $10,793
2015 $836 $77,981 $67,350 $10,631
2014 $918 $91,462 $81,039 $10,423
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2025 11/01/25 Price Changed $3,450,000 -13.6% $1,438 / Sq Ft
08/08/2025 08/08/25 Price Changed $3,995,000 -4.9% $1,665 / Sq Ft
03/25/2025 03/25/25 For Sale $4,200,000 -- $1,750 / Sq Ft
Source: MetroList

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Chicago Title Co
Grant Deed -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 No Value Available
Closed $100,000 No Value Available
Closed $12,500 No Value Available
Source: Public Records

Source: MetroList

MLS Number: 225035124

MetroList

APN: 067-061-031

California San Luis Obispo County San Luis Obispo 93405

1498 O'Connor Way, San Luis Obispo, CA

For Sale

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Ed Perry
Listing Agent
Ed Perry
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California Outdoor Properties, Inc.
(805) 669-9577