
Atascadero, California 93422
This High-Potential Investment Opportunity is listed at $1,850,000, positioned well below the $1,898,139 Fair Market Value by 2%. This valuation gap offers $48,139 in Instant Equity. Featuring a 4-bedroom, 5-bath layout with a 9-foot deep lap pool and 100 solar panels, the estate offers grand scale despite a Fair Condition Rating due to dated interior finishes. This property is an ideal acquisition for Owner-Occupants seeking a private hilltop sanctuary or Value-Add Investors looking to modernize a premier Central Coast estate.
Property is moderate renovation needed.
Built in 2002, the property is 22 years old, placing it in the 'Fair' category based on age. While the estate is grand and exceptionally well-maintained with high-end systems (100 solar panels, dual-zone HVAC), the kitchen and wet bar feature original oak cabinetry and tile work that are stylistically dated and would require cosmetic updates to align with modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 100188, living area = 4942.
Perched on a 2.3-acre hilltop, this estate offers unparalleled seclusion and breathtaking 360-degree views of the Central Coast wine country and city lights.
The property includes 100 fully paid solar panels, providing a massive sustainable energy advantage to power the large residence and the 9-foot deep lap pool.
The expansive 4,942 sqft interior combined with 2.3 acres of hillside terrain and a deep pool will require significant ongoing maintenance and management costs.
The primary master sanctuary and office are located on the upper level, which may be a drawback for buyers seeking single-level living or long-term accessibility.
Perched atop one of the highest hills in Atascadero, this grand estate was custom-built by a disabled veteran and has passed through only two veteran owners in its lifetime. Just 4 minutes from Highway 101 yet completely worlds apart, a private drive winds through 2.3 oak-canopied acres to a hilltop sanctuary with only one neighboring home in sight. From here, sweeping panoramic views of Atascadero and the rolling wine country hills of California's Central Coast unfold in every direction. A fountain welcomes you at the entry alongside 8-foot Mahogany doors opening directly into a breathtaking great room where 20-foot ceilings, arched clerestory windows, and a winding staircase with wrought iron railings make an immediate and lasting impression. Designed for both lavish entertaining and comfortable everyday living, the heart of the home features a full wet bar, open living space, and a chef's kitchen outfitted with a 7-burner stove and double ovens. The great room flows seamlessly through French doors to an exceptional outdoor retreat: a 9-foot deep lap pool, hot tub, mist area, and outdoor shower, all powered by 100 fully paid solar panels. A private downstairs bedroom suite offers ideal accommodations for guests, while the formal dining room, den, and laundry room complete the main level. Upstairs, the master suite is a one-of-a-kind sanctuary with a private balcony showcasing the most breathtaking panoramic views of the Central Coast wine country hillsides, a scene that changes beautifully with every season. The suite also includes a dedicated office overlooking the living area, custom walk-in closet, and spa-inspired bath with a jetted tub and steam shower. A home gym and two additional guest rooms round out the upper level, while a 3-car garage, dual-zone climate control, and an utterly private, tree-canopied hilltop setting with a private overlook make 5255 Escarpa Ave one of the Central Coast's most compelling offerings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 4,942 | 1,934 | 99% |
| Lot Size | 100,188 | 37,884 | 70% |
| Price | $1.85M | $862.5K | 97% |
| Price per sq ft | $374 | $458 | 19% |
| Built year | 2002 | 1987 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 130 | 5% |
May 7, 2026
$1,850,000
Initial Listing
May 31, 2017
$1,050,000
Public Record