
Atascadero, California 93422
This Spacious Country Estate represents a High-Potential Investment Opportunity, listed at $1,250,000—positioned above the $1,033,014 Fair Market Value. While the price reflects a premium, the property offers significant value through its 5-acre lot, 2023 roof, and 2025 solar system. With a Condition Rating of 4, the interior provides a blank canvas for cosmetic modernization to capture significant upside. This estate balances tranquil, scenic living with proximity to Morro Bay, making it an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a long-term lifestyle upgrade.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13940 Spring Meadow Lane Subject | $1,199,000* List Price | 4 | 4 | 3,600 | $281 | - |
A 12703 Paso Verde Court Sold | $1,075,000 | 4 | 3 | 3,482 | $309 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1989 (37 years old) and while it features excellent system upgrades like a newer roof (2023) and solar (2025), the interior remains significantly dated. The kitchen and bathrooms show original oak cabinetry, older tile/laminate surfaces, and 90s-era fixtures and wallpaper, requiring cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 3600.
The estate sits on 5 private acres featuring a seasonal creek and scenic views, offering a rare blend of tranquil country living with convenient proximity to both downtown Atascadero and Morro Bay.
Significant recent investments include a newer roof installed in 2023 and a solar system added in 2025, providing immediate capital value and long-term utility savings for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 3396. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has undergone multiple price reductions and has been on the market for over 50 days, which may indicate a disconnect between the initial asking price and current market demand.
Built in 1989, the home may require cosmetic or system updates beyond the roof and solar to meet the expectations of modern luxury buyers at this price point.
Welcome to 13940 Spring Meadow Lane an exceptional 3,600-square-foot estate set on 5 private acres, offering the perfect blend of privacy, comfort, and stunning outdoor living. This beautifully maintained home features 4 bedrooms, 3.5 bathrooms, a thoughtfully designed floor plan, and valuable recent upgrades including a newer roof (2023) and solar system (2025), providing both efficiency and peace of mind. Inside, you’ll discover expansive living spaces filled with natural light, generous room sizes, and a dedicated home office, perfect for remote work, study, or managing day-to-day tasks. The open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a warm and inviting atmosphere for everyday living and entertaining. The private primary suite serves as a peaceful retreat, complete with a spacious ensuite bath and oversized walk-in closet. Additional bedrooms offer flexibility for family, guests, or hobby spaces. Step outside to one of the property’s most impressive features, an expansive deck and outdoor entertaining area overlooking scenic acreage and a seasonal creek. Whether hosting gatherings, enjoying morning coffee, or taking in peaceful sunsets, this outdoor space is designed to be enjoyed year-round. With plenty of room for recreation, gardening, or simply embracing the tranquility of country living, this property offers endless possibilities, all while remaining conveniently close to modern amenities. Five miles to downtown Atascadero, 10 minutes to Morro Bay! Don’t miss the opportunity to own this remarkable estate at 13940 Spring Meadow Lane. Schedule your private showing today.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 3,600 | 1,967.678 |
| Lot Size | 217,800 | 39,579.077 |
| Price | $1.20M | $856.1K |
| Price per sq ft | $333 | $461 |
| Built year | 1989 | 1989 |
| HOA | $250.0 | $211 |
| Days on market | 117 | 53 |
Aug 25, 2026
$1,199,000
$1,250,000
-4% Price Drop
Initial Listing
Jul 6, 2026
$1,250,000
$1,295,000
-3% Price Drop
Initial Listing
Jun 27, 2026
$1,295,000
$1,375,000
-6% Price Drop
Initial Listing
Jun 10, 2026
$1,375,000
$1,425,000
-4% Price Drop
Initial Listing
May 15, 2026
$1,425,000
Initial Listing
Jun 4, 1999
$569,000
Public Record