
Santa Margarita, California 93453
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.
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.
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.
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.
Equipped with a barn, horse facilities, and a seasonal stream, this ranch is perfectly suited for livestock, trail riding, and a rural lifestyle.
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.
The sale is subject to Probate Court approval, which typically involves a more complex legal process and potentially longer closing timelines.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,216 | 1,509 | 75% |
| Lot Size | 871,200 | 112,820.5 | 58% |
| Price | $849.0K | $869.5K | 50% |
| Price per sq ft | $383 | $494 | 33% |
| Built year | 1988 | 1988 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 616 | 182 | 0% |
Feb 26, 2026
$849,000
Initial Listing
Aug 14, 2024
$899,000
Initial Listing