, San Martin, California 95046, San Martin, 95046 - 4 bed, 2 bath

, San Martin, California 95046 home-pic-0
ACTIVE$4,990,000
, San Martin, California 95046
4Beds
2Baths
1,806Sqft
317,988Lot
Year Built
1953
Close
-
List price
$4.99M
Original List price
$4.99M
Price/Sqft
$2,763
HOA
-
Days on market
-
Sold On
-
MLS number
ML82005263
Home ConditionGood
Features
Good View: Hills
Pool
Patio
ViewHills

About this home

We found 3 Cons,5 Pros. Rank: price - $4.99M(92th), sqft - 1806(33th), beds - 4(50th), baths - 2(33th).

Welcome to this unique property in charming San Martin, formerly a horse facility with an indoor riding arena. Whether you choose to restore it to its equestrian glory or reimagine it for new possibilities, this property offers endless potential. The sprawling estate is perfect for entertaining, featuring a poolside area for gatherings and a basement game room for indoor fun. The spacious 4-beds, 3-baths home is designed for comfort and practicality. The kitchen is fully equipped to meet all your culinary needs. A dedicated laundry area and an attached 2-car garage providing ample storage and parking. The property also boasts additional structures, including a barn, cellar, mobile home, and various outbuildings, offering versatile options for hobbies, storage, or potential business ventures. Possible uses are nurseries, winery, religious institutions, receptions, stables, SB9 split to 4 lots, and ag processing facilities, or ag employee housing up to 6 units. Situated in the Morgan Hill Unified School District and surrounded by the scenic environment of San Martin, this property delivers both value and opportunity with easy access to Silicon Valley and to the Central Coast. Explore all the amenities and envision the possibilities this exceptional property has to offer!

Price History

Date
Event
Price
05/02/25
Listing
$4,990,000
Condition Rating
Good

The property, built in 1953, features extensively updated kitchen and bathrooms with modern finishes, including dark shaker cabinets, quartz countertops, stainless steel appliances, and contemporary tile and fixtures. Hardwood flooring is present in the living areas. While the original structure is older, the visible interior spaces are move-in ready and show signs of significant renovation within the last 5-15 years, aligning with the 'Good' condition criteria. The overall property appears well-maintained, with no immediate major repairs or updates required for the main living areas.
Pros & Cons

Pros

Exceptional Development & Income Potential: Explicitly zoned for diverse uses including nurseries, wineries, religious institutions, receptions, stables, and significant development potential with SB9 split to 4 lots and up to 6 units for ag employee housing.
Expansive Acreage & Equestrian Infrastructure: Boasts a substantial 7.3-acre lot (317,988 sqft), featuring a former indoor riding arena and barn, ideal for equestrian pursuits or large-scale agricultural/recreational use.
Extensive Auxiliary Structures & Amenities: Includes a barn, cellar, mobile home, various outbuildings, a poolside area, and a basement game room, offering versatile utility, storage, and entertainment options.
Strategic Location with Regional Access: Offers convenient access to both Silicon Valley and the Central Coast, balancing rural charm with proximity to major economic hubs and attractions.
Unique & Versatile Property Type: Its history as a horse facility and the sheer breadth of permitted uses make it a rare offering, appealing to buyers seeking a multi-functional estate or investment.

Cons

Age of Main Residence & Potential for Capital Expenditure: Built in 1953, the primary residence may require significant updates or renovations to meet modern buyer expectations, implying potential for substantial capital investment.
High Price Point & Niche Market Appeal: The $4.99 million list price targets a very specific, affluent buyer demographic, and the property's unique characteristics may limit its broad market appeal, potentially extending time on market.
Maintenance & Upkeep Demands: The extensive acreage and numerous outbuildings, including a former equestrian facility, will likely require considerable ongoing maintenance, time, and financial resources.

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