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$9,000,000

263 W Foothill Boulevard
San Luis Obispo, CA 93405

$9,000,000 / 0
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.
Market Status: Foreclosure/Bank-owned
Last Updated: February 23, 2021
Status
Market Status
Foreclosure/Bank-owned
Last Updated
February 23, 2021
Description
Property Type
Land
Architecture
Lots/Acreage

Location

  • MLS Area: Slo - San Luis Obispo

Lot Features

  • Horse Facilities: Horse Trails
  • View: Lake View
  • Rural Setting: Rural Area
(% per year)
(in years)
 
(estimated)

*May not reflect current interest rates and is intended for educational/information purposes only. All figures are hypothetical and should not be relied upon in any way.

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Data Provided by California Regional Multiple Listing Service

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More information about this $9,000,000 Land at 263 W Foothill Boulevard

This $9,000,000 Land at 263 W Foothill Boulevard in San Luis Obispo, CA is presented by Jason Hart. This $9,000,000 Land, located in the 93405 zip code, has the following property features: Horse Facilities, View, Rural Setting, MLS Area. This 263 W Foothill Boulevard Land, located in San Luis Obispo County , is listed under MLS listing number PI20132933 and has a listing price of $9,000,000. You can find more San Luis Obispo homes for sale here.