4555 Las Pilitas Road, Santa Margarita, California 93453, Santa Margarita, 93453 - 3 bed, 2 bath

4555 Las Pilitas Road, Santa Margarita, California 93453 home-pic-0

4555 Las Pilitas Road

Santa Margarita, California 93453

ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,216Sq Ft
871,200Lot Size

Property Price

LIST PRICE$849,000

SUMMARY

Analysis of 4555 Las Pilitas Road, Santa Margarita, California 93453 is currently available with a list price of $849,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1988, the home is well-maintained but largely original. The kitchen features dated oak cabinetry and tile countertops, while the bathrooms and flooring reflect the construction era. It meets the 'fair' criteria as an aged property that is functional but requires cosmetic updates to meet modern standards.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 871200, living area = 2216.

  • Exceptional Agricultural Potential

    The property features 20 acres of flat, farmable land with a high-yield well tested at 32 GPM, making it ideal for vineyards, orchards, or row crops.

  • Comprehensive Equestrian Facilities

    Equipped with a barn, horse facilities, and a seasonal stream, this ranch is perfectly suited for livestock, trail riding, and a rural lifestyle.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871200, other record lot size in square feet = 863794.

  • Probate Court Approval

    The sale is subject to Probate Court approval, which typically involves a more complex legal process and potentially longer closing timelines.

  • Dated Construction

    Built in 1988, the 2,100+ sq. ft. residence may require modern updates and renovations to meet the aesthetic and efficiency standards of today's buyers.

About 4555 Las Pilitas Road

Spectacular oak trees and flat, farmable land make this beautiful 20+/- acre ranch truly unique and suitable for many uses. You’ll find a 2,100+ sq. ft. home, a barn, a freestanding metal carport, and horse facilities, all in a picturesque private setting. Bring your animals, or start farming the land. You could plant a vineyard, orchard, row crops, alfalfa, and more. The property is also well suited for hunting, trail riding, hiking, and mountain biking. The water well was recently tested on 1/24/2024 at 32 gallons per minute for four hours. There is a 5,000 gallon water storage tank near the high point on the property. There is a seasonal stream that runs through the property. A few miles away is the public entrance to Santa Margarita Lake which offers boating, fishing, hiking, horseback riding, and camping. A little further down the road is the historic town of Pozo and public access to the Los Padres National Forest and the Pozo-La Panza Off-highway Vehicle (OHV) recreation area. The quaint town of Santa Margarita is approximately 9 miles away, bringing both locals and tourists to the renowned restaurants, markets, wine tasting, and adventure park. Just a few miles further is the city of San Luis Obispo, a college town with a vast array of services, jobs, and cultural amenities. At the property there is high-speed WiFi Internet service available – so come live (and work!) surrounded by all the beauty of living in the country. This sale is subject to Probate Court approval.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1988
Lot Size
871,200 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot2,2161,532
77%
Lot Size871,200108,900
62%
Price$849.0K$807.0K
54%
Price per sq ft$383$500
38%
Built year19881990
46%
HOA$0$0
50%
Days on market570211
0%

Pricing History

Listed for Sale

Feb 26, 2026

$849,000

Initial Listing

Price Change

Aug 14, 2024

$899,000

Initial Listing

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