5010 Cabrillo, Cayucos, California 93430, Cayucos, 93430 - 2 bed, 4 bath
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Cayucos, California 93430
Analysis of 5010 Cabrillo, Cayucos, California 93430 is currently available with a list price of $18,250,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Cayucos 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 move-in ready.
While the primary residence was built in 1967, it is described as elegantly appointed and move-in ready, offering a blend of classic comfort and modern living. The interior features and systems appear well-maintained and functional. Although the home is considered modest and slightly dated relative to the significant land value and $18.25M price point, it meets the criteria for 'good' condition as it requires no immediate renovation for occupancy.
Spanning over 357 acres with extensive ocean frontage, this property offers a unique scale of coastal land that is exceptionally rare and highly coveted in the California market.
The property includes a long-term lease for an abalone farm generating $61,200 per quarter, providing a significant and steady passive income stream for the owner.
With 195 acres located outside the coastal zone jurisdiction, the property offers a more feasible path for potential future development compared to strictly coastal-regulated land.
The ranch is bisected by Highway 1, which introduces consistent traffic noise and creates a physical separation between the inland and coastal portions of the estate.
The existing 2-bedroom main home, built in 1967, is relatively small and dated given the $18.25M price point, likely requiring significant further investment or redevelopment to match the land's value.
Alexander Ranch is a stunning, oceanfront/coastal ranch of over 357 acres located between Cayucos and the small Community of Harmony. The ranch is bisected by Highway 1 and features a northerly/ inland portion with 195± acres and a southerly/coastal portion comprising 162.41± acres that includes extensive coastal frontage. An extraordinary property that presents a setting unlike any other with extensive ocean frontage, proximity to Cayucos, usable terrain, creeks, spectacular coastal views, and southerly orientation. The ranch features a main, single-family residence with shoreline views and several mobile home farmsteads with multiple miscellaneous buildings. The elegantly appointed main residence features over 2,295± sq. ft. of direct ocean views offering the perfect blend of classic comfort and modern living. Complete with 2 bedrooms, 2.5 bathrooms, basement, attached carport that holds up to 3 vehicles and a detached studio/workshop. The generous acreage also features substantial improvements and facilities comprising an extensive abalone farm and facilities on 16± acres leased for 30 years at $61,200 per quarter. In addition to the abalone farming, this property has historically been operated as a livestock ranch. Due to the predominant open grass, mild climate and water conditions, this ranch is well-suited to livestock production with a set of corrals located near the main gate. The inland ranch portion is located outside the coastal zone jurisdictions which allows for potential future development. Elevated coastal living awaits you with unobstructed ocean views and the natural splendor of the generous acreage.
No exterior & parking available.
No sensitive facilities data found.
Aug 24, 2023
$18,250,000
Initial Listing