5385 Righetti Road

San Luis Obispo, CA 93401
$3,000,000
110.00 acres | #SC24204960
Courtesy of BHGRE HAVEN PROPERTIES

Description

Opportunity is Knocking with Olive Branches! For the first time in four generations, this 110 acre family ranch is looking for a new steward. The olive groves consist of 120 trees, mainly of Arbequina. The Arbequina oil won Best of Class/Gold in the 2018 California Mid-State Fair with Silver medals in 2010 and 2011. An irrigated orchard includes orange, lemon, tangerine, apricot, apple, pomegranate, fig, persimmon, and loquat. The remaining 100± acres are currently leased for a 22 cow-calf operation. The perimeter of the ranch is fenced. Water is supplied by a shared reservoir and a seasonal spring for orchards and livestock. Two storage tanks provide water for the orchards and livestock watering tank. The second well could accommodate more olive trees. The 20+ year old barn is 30 feet by 60 feet with metal siding, a built-in work bench, a partial concrete slab, and electricity. Plan your dream home on one of several scenic homesites with breathtaking views of the Nine Sisters mountain peaks. Enjoy the fruits of this hobby farm. Expand the olive oil production. Bring your horses. Raise your own livestock. To paraphrase a family member,“Across generations we learned to mend fences from our grandfathers and the joy of gardening and raising animals from our grandmothers. We enjoyed the peace that comes with having a place to call home in our heart.” Come discover what Edna Valley in popular San Luis Obispo has to offer your future generations. Contact your agent today for detailed information about what this opportunity has to offer.
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  • Property Details
      • View:Hills, Pond, Reservoir, Valley
      • Lot description:Agricultural, HorseProperty, IrregularLot, Orchards
      • Acres:110
      • Property type:Purchase
      • Utility source:AgriculturalWell, Private, SeeRemarks
      • Utility features:ElectricityConnected, WaterAvailable, SewerNotAvailable
      • Subdivision:San Luis Obispo(380)
      • County:San Luis Obispo
      • Original List Price:$3, 000, 000
      • MLS #:SC24204960
      • Cost:3000000
      • Property subtype:Land
      • MLS #:SC24204960

Location

The Alcantara GroupReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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