263 W Foothill Boulevard 067091013 San Luis Obispo CA 93405 | PI20132933

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.

Property Details

Price:
$9,000,000
MLS #:
PI20132933
Status:
Active
Address:
263 W Foothill Boulevard 067091013
Type:
Land
City:
San Luis Obispo
Listed Date:
Jul 7, 2020
State:
CA
ZIP:
93405
Subdivision:
San Luis Obispo(380)
Lot Size:
15,681,600 sqft / 360.00 acres (approx)

Schools

Interior

Exterior

Community Features
Foothills, Lake, Horse Trails, Rural
Lot Features
Ranch
View
Hills, Lake, Mountain(s)
Water Source
See Remarks

Financial

Association Fee
0.00

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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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263 W Foothill Boulevard 067091013
San Luis Obispo, CA