
San Martin, California 95046
This Rare San Martin Ranch is a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,590,581 Fair Market Value by 5%. This valuation gap provides $90,581 in Instant Equity. The property holds a Condition Rating of 4, featuring a rock fireplace and vaulted ceilings that require modernization to maximize value. Spanning 3.87 acres with mountain views, a barn, and fruit orchards, the expansive lot offers significant development potential. This versatile estate is ideal for Multi-generational Families or Equestrian Enthusiasts looking for autonomy south of Silicon Valley.
Property is moderate renovation needed.
Built in 1940, the property is well-maintained but shows clear signs of age and outdated styling. The kitchen features vintage dark wood cabinetry, dated tile countertops, and older appliances. While the living room offers desirable vaulted wood ceilings and updated flooring, the overall interior, exterior outbuildings, and utility systems require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 168512, living area = 1896.
Spanning 3.87 acres with a fenced pasture and animal pens, this property offers rare versatility for equestrian use, hobby farming, or developing a private multi-generational compound south of Silicon Valley.
The estate is rich with mature cherry and plum trees and includes essential outbuildings like a barn and a garage with a lean-to, providing a turnkey foundation for animal lovers and agricultural enthusiasts.
Originally built in 1940, the primary residence may require substantial updates to its core systems and interior finishes to meet modern standards and justify the premium listing price.
The property is bisected by a seasonal creek, and while the county permits a bridge, it comes with specific restrictions that could complicate or increase the cost of fully utilizing the back pasture.
Rare San Martin Ranch. Attention all multi-generational family home shoppers and/or horse or animal lovers! This compound features a 1,896-square-foot home and offers a prime opportunity just south of Silicon Valley to create the conveniently located estate you've been searching for. Situated just south of Morgan Hill in the beloved town of San Martin, the property spans 3.87 acres with a seasonal creek. There's ample land, plus an existing bonus barn and garage with a lean-to. The garage was re-roofed with permits in 2025. Alternatively, design your own equestrian facility or private estate! It includes a private well and septic system. NO HOA. Inside the home, you'll find an amazing rock fireplace in an expansive, dramatically vaulted living room. Create your own private family compound! The county has stated that a bridge is possible across the creek, with some restrictions. Across the creek, the back pasture is fully fenced, and all the trees there are cherry and plum varieties. We'll be adding signs to identify all the other fruit trees throughout the front part of the property toosee the map for details. All outside animal pens are included. Buyer to verify all measurements and details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,896 | 1,974.5 | 42% |
| Lot Size | 168,512 | 152,211 | 50% |
| Price | $1.50M | $1.81M | 25% |
| Price per sq ft | $791 | $836 | 33% |
| Built year | 1940 | 1977 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 150 | 8% |
Mar 19, 2026
$1,500,000
Initial Listing
Apr 8, 2015
$825,000
Public Record
Apr 11, 2008
$511,500
Public Record