$ 7,990,000
5165 Estrella RD Paso Robles, CA 93446
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$ 7,990,000
Est. payment | /mo
256.57 Acres Lot
$ 7,990,000
Est. payment | /mo
256.57 Acres Lot
Key Details
Property Type Commercial
Sub Type Agriculture
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24210489
HOA Y/N No
Year Built 1949
Lot Size 256.570 Acres
Lot Dimensions Assessor
Property Description
Welcome to the extraordinary Estrella Ranch Headquarters in Paso Robles, CA. The property’s primary investment opportunity is the presence of one of California’s largest outdoor cannabis grow operations. Considering the capital, time and energy needed to establish an operation of this scale, the ranch offers a once if a lifetime opportunity. There is also a potential to expand the growing operation to an area greater than the current 3 acres. In addition to commercial farming opportunities, the property has all of the elements to support a Cannabis Tourism business model. Similar to wine tourism, this is a rapidly growing business sector, and very few properties have the infrastructure to support such an endeavor. The luxury home and guest house are the centerpiece of the historic Estrella Ranch Headquarters. The custom single-level primary residence spans over 4,900 SF, with 3 bedrooms, 5 bathrooms, and wide-open living spaces. Parkay wood flooring and tile provide warmth, and the industrial chef’s kitchen is a dream for entertainment and events. Soaring ceilings with exposed wood beams, large windows, and artistic fireplaces make the property a one-of-a-kind architectural marvel. The nearby 1,360 SF guest home is comprised of two large bedrooms, three bathrooms, and a functional kitchen. Both homes enjoy amazing views of the impressive in-ground pool and nearby hillsides. The pool area, complete with separate spa and shade structure, is adjacent to an outdoor kitchen and expansive grass yard area. In addition to the main home and guest home, the ranch features an assortment of additional residential and office buildings. The homes are perfect for guests, family, and employees. The 2,530 SF office building is located close to the equestrian facilities and includes a reception area and three private offices. The property features 25 high quality horse stalls and breeding pens spread across two large barns. Surrounding these facilities are multiple paddocks, pastures and irrigated farmland to support horses, cattle, and vineyards. The cherry on top is an incredible 20,000 SF covered arena providing protection from the elements, along with a potential for picturesque trail riding throughout the property. The property is perfectly situated for vacation rentals, and medium to large events such as weddings and retreats. A buyer could potentially acquire necessary permits and capitalize on this opportunity.
Location
State CA
County San Luis Obispo
Area Prne - Pr North 46-East 101
Zoning Agriculture
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central, Forced Air
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Connected
Roof Type Other,Tile
Building
Lot Description Agricultural, Horse Property
Story 1
Water Well
Others
Tax ID 015021022
Acceptable Financing Cash to New Loan
Horse Property Yes
Listing Terms Cash to New Loan
Special Listing Condition Notice Of Default
Listed by Erik Berg-Johansen • Richardson Sotheby's International Realty • 805-538-1828
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Valerie Condon
Partner | Lic# 680245