What an exceptional opportunity to own a truly special piece of Templeton history...Set on nearly 5 acres in California wine country (Templeton AVA) with vineyard views and conveniently located just minutes to town, this century-old farmhouse offers a rare blend of land, character, charm and long-term potential. The main home (1700') features three bedrooms, two bathrooms and flexible living areas well suited for any remodeling and renovations while still preserving the original feel of the home. A farmhouse kitchen with vintage inspired elements, generously sized butler/canning pantry and multiple outdoor areas provide a strong foundation for any updates. A detached guest house with kitchenette and bath has previously operated as a short-term and long-term rental, offering income potential or private accommodations. Additional improvements include a freestanding laundry or hobby room, a large workshop (1300') with power and multiple storage structures. Outdoor amenities include a central courtyard patio and custom wood burning BBQ ideal for gatherings, dip pool with redwood decking, mature oak trees, raised garden beds, fruit trees, chicken coop and fenced areas/pastures suitable for animals, gardens or future vineyard use. A separate gated equestrian area includes a hay barn and space for an arena or agricultural development. Owned solar, newer drilled well (2018), septic, RV hookups, gated entry, circular drive and fencing provide valuable infrastructure already in place. Also, the layout and separation of the structures may lend themselves to future event or retreat style uses, subject to Buyer verification and San Luis Obispo County approval. The property does require some "TLC"; at the same time, presents an excellent opportunity to restore and enhance a one-of-a-kind property for a Buyer who appreciates old world charm, uniqueness and looking to add value while honoring its character and history.