
Paso Robles, California 93446
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $545,000—positioned well above the $478,325 Fair Market Value by 13%. While the property requires cosmetic modernization, its Fair Condition Rating is offset by significant mechanical updates, including a newer HVAC and water heater. The Elevated Rear Deck and Hillside Views provide immediate lifestyle appeal within the gated Heritage Ranch community. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-maintained, move-in ready home with long-term personalization potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4755 Egret Lane Subject | $545,000* List Price | 3 | 2 | 1,344 | $356 | - |
A 1948 Willowbrook Sold | $567,300 | 4 | 2 | 1,440 | $394 | 0.2 mi |
B 5115 Bluebird Lane Sold | $545,000 | 3 | 2 | 1,460 | $373 | 0.6 mi |
C 4653 Green Pine Lane Sold | $483,000 | 2 | 2 | 1,152 | $419 | 1.0 mi |
D 2628 Saddle Back Active | $439,000 List Price | 3 | 2 | 1,425 | $308 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this home is exceptionally well-maintained but remains largely original cosmetically. While the HVAC, water heater, and one bathroom have been updated, the kitchen and primary living areas are dated (35+ years old), fitting the criteria for a property needing modernization despite being move-in ready.
The property features a newly replaced elevated rear deck (2021) with a retractable awning and stunning hillside views, backing directly onto open space for maximum privacy.
Located in the gated Heritage Ranch, residents enjoy exclusive access to private Lake Nacimiento boat launches, swimming pools, sports courts, and extensive hiking trails.
As a well-maintained, single-owner vacation home that has never been rented, the property boasts pride of ownership and essential mechanical updates like a newer HVAC and water heater.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5996, other record lot size in square feet = 6920.
Much of the interior remains in its original 1986 cosmetic state, which may require additional capital investment for modern aesthetic upgrades.
The property is being sold in as-is condition, potentially limiting the buyer's ability to negotiate repairs discovered during the inspection period.
Located in the gated community of Heritage Ranch at Lake Nacimiento, this well-maintained single-owner home enjoys a peaceful setting with attractive hillside views and excellent indoor/outdoor living. Originally purchased directly from the builder, this home has been used exclusively as a family vacation retreat and has never been rented. The single-level floorplan offers approximately 1,344± SF with 3 bedrooms, 2 bathrooms, and an attached 2-car garage. Backing to open space, the property benefits from an expansive setting that makes it feel larger than its lot size would suggest. The easy-maintenance front yard and mature oak tree in the backyard complement the natural setting. Spacious living areas, abundant natural light, and multiple glass doors create a comfortable layout with direct access to the expansive rear deck from both the dining area and primary suite. Outdoor living is a standout feature of the property. The elevated rear deck, replaced in 2021, features a modern design, large retractable awning for shade, expansive views, and excellent entertaining potential. The setting feels private and removed while remaining conveniently located near Heritage Ranch amenities and Lake Nacimiento recreation. Interior features include a spacious living room with updated wood-burning stove insert and tiled fireplace surround, an open kitchen and dining area with hillside views, indoor laundry closet, and a generously sized primary suite with walk-in closet, en-suite bathroom, and direct deck access. Additional improvements include updated HVAC and water heater, plus the hall bathroom was recently updated with a new vanity, countertop, fixtures, toilet, and flooring. While much of the interior remains largely original cosmetically, the home presents clean, well-kept, functional, and move-in ready, offering an opportunity for future personalization to make it your own. Heritage Ranch owners enjoy access to a wide range of amenities, including gated entry, swimming pools, pickleball and tennis courts, parks, playgrounds, equestrian facilities, hiking and riding trails, dog park, campground areas, and private launch access to Lake Nacimiento. The community also offers the Oak Hill Shopping Center complete with grocery store, restaurant, gas station, and other everyday conveniences. The property has been priced accordingly and is being sold as-is. An excellent opportunity for a first-time buyer, downsizing buyer, or lake vacation home owner.
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 | 1,344 | 1,776 | 21% |
| Lot Size | 5,996 | 8,521.5 | 19% |
| Price | $545.0K | $790.0K | 11% |
| Price per sq ft | $406 | $451 | 31% |
| Built year | 1986 | 1992 | 37% |
| HOA | $180.0 | $0 | 74% |
| Days on market | 9 | 176 | 2% |
May 28, 2026
$545,000
Initial Listing