
Paso Robles, California 93446
This Turnkey Multi-Family Lake Retreat is listed at $1,149,000, representing a stable entry into a premium gated enclave near its $1,106,658 Fair Market Value. The property maintains a Move-In Ready Condition Rating following significant 2024 upgrades, including fully owned solar panels and a new roof. With a 3,174 sqft main residence plus a 575 sqft bonus suite, the home offers unmatched versatility within the Heritage Ranch gated community. Located in the Paso Robles Joint Unified district, this estate is perfectly suited for multi-generational families or lifestyle-driven buyers seeking a sophisticated lakeside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1856 Southfork Place Subject | $1,149,000* List Price | 3 | 4 | 3,174 | $352 | - |
A 5145 Northfork Sold | $896,000 | 4 | 2 | 3,017 | $297 | 0.1 mi |
B 1946 Wood Duck Active Under Contract | $929,000 List Price | 5 | 3 | 2,909 | $319 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with significant recent capital improvements, including a new roof and fully owned solar panels installed in 2024. The kitchen is updated with stainless steel appliances and double ovens, and the interior features high-quality finishes like beamed ceilings and stone fireplaces. While the 1985 build date suggests some aged architectural elements, the home shows minimal wear and tear and functional modern systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 3174.
The property features a substantial 3,174 sqft main residence plus a separate 575 sqft bonus suite, providing exceptional flexibility for multi-family use, a private gym, or a remote work-from-home setup.
Situated within the gated Heritage Ranch, the home offers a resort-style lifestyle with access to a private marina, boat launch, two pools, sports courts, and 24-hour security.
Built in 1985, the home may require additional modern updates to its original infrastructure or aesthetic finishes to compete with newer luxury builds in the area.
While offering a peaceful lake retreat, the property's distance from major urban centers and the coast may be a drawback for buyers requiring frequent city access or a shorter commute.
LOCATION AND VIEWS!! Welcome to the ultimate in lake living. This property offers the flexibility to enjoy it as a shared multi-family getaway or a spacious single-family home. Located on a 0.34-acre lot inside the gated Heritage Ranch community at Lake Nacimiento, this property blends comfort, style, and easygoing lake living, all surrounded by beautiful mountain views and protected open space. There’s plenty of parking for all your trailers, vehicles, and lake toys, on the driveway and an oversized garage for a wake surf boat, trailer or extra storage. A separate 575 sq. ft. bonus suite (not included in the home’s square footage) includes a private gym, office, and half bath—perfect for working remotely, staying active, or creating your own hangout space. Inside, high beamed ceilings, two stone fireplaces, a wet bar, and two roomy living areas make the home feel warm, open, and ready for entertainment. The kitchen is built for both everyday meals and lake-day gatherings, featuring a center-island cooktop, double ovens, stainless steel appliances, a walk-in pantry, built-in buffet, and breakfast bar. Two primary suites each offer walk-in closets, dual vanities, walk-in showers, and sliding doors that open to outdoor spaces—one even includes a private lounge or office area. A third guest bedroom with a full bath and a separate laundry room add to the home’s easy, functional layout. Step outside and enjoy incredible views from the private patio, complete with a large, covered space for dining, a covered hot tub, and plenty of room to relax and take in the surrounding scenery and wildlife. Fully owned solar panels installed in 2024 and a new roof help keep energy costs low and worry-free. Living at Heritage Ranch means enjoying the full lake lifestyle, community events, with access to a private marina and boat launch, two community pools, tennis and pickleball courts, scenic trails, parks, playgrounds, an equestrian center, and 24-hour gated security—everything you need for laid-back, adventure-filled days at the lake. Oak Hill Market, Cappy Culver (to 8th grade), Restaurants, Gas, Gym and Hairitage Salon it's country living with all the conveniences of the city. The town of Paso Robles, famous wineries and the beach are all a short drive away.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 90% |
| Square foot | 3,174 | 1,776 | 93% |
| Lot Size | 14,810 | 8,838 | 62% |
| Price | $1.15M | $780.0K | 88% |
| Price per sq ft | $362 | $454 | 13% |
| Built year | 1985 | 1991 | 31% |
| HOA | $180.0 | $0 | 77% |
| Days on market | 40 | 175 | 1% |
Mar 13, 2026
$1,149,000
Initial Listing
Jan 17, 2020
$630,000
Public Record
Jan 28, 2005
$576,000
Public Record