5602 Prancing Deer Place, Paso Robles, California 93446, Paso Robles, 93446 - 4 bed, 3 bath
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Paso Robles, California 93446
This Versatile Dual-Living Estate is listed at $975,000, representing a stable valuation closely aligned with its $968,709 Fair Market Value. Maintaining a Condition Rating of 3, this fully furnished residence offers a turnkey licensed VRBO opportunity featuring two kitchens and laundries on 2 private acres in wine country. The property boasts Owned Solar, a 560-foot deep well, and a Granite Kitchen, all situated within the Paso Robles Joint Unified district. With scenic Hill Views, a Hot Tub, and a Gazebo, this is a high-utility acquisition for Owner-Occupants seeking house-hack potential or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5602 Prancing Deer Place Subject | $975,000* List Price | 4 | 3 | 2,243 | $432 | - |
A 5668 Silverado Place Sold | $880,000 | 4 | 2 | 2,054 | $428 | 0.2 mi |
B 5658 Prancing Deer Place Sold | $813,000 | 3 | 2 | 1,770 | $459 | 0.1 mi |
C 5920 Lone Pine Place Active Under Contract | $850,000 List Price | 4 | 3 | 1,986 | $428 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained with significant modern updates. Key features include a refreshed kitchen with granite countertops, a contemporary subway tile backsplash, and high-end KitchenAid appliances. The interior boasts updated flooring, modern light fixtures, and owned solar panels. While the 1987 construction date and some architectural elements like the kitchen light box reflect its age, the overall quality and recent renovations for its use as a VRBO elevate it above a fair rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 87120, living area = 2243.
The property features a unique dual-living layout with two kitchens and laundries, currently operating as a profitable licensed VRBO, offering immediate ROI or multi-generational flexibility.
Equipped with owned solar panels and a private 560-foot deep water well with a 5,000-gallon holding tank, providing significant utility savings and self-sufficiency.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1987, the home may require cosmetic updates or system modernizations to meet the aesthetic preferences of buyers seeking a contemporary luxury feel.
Reliance on a private well and the upkeep of two acres requires more specialized maintenance and owner oversight compared to properties with municipal services.
Welcome to 5602 Prancing Deer Place, a thoughtfully designed 2,243 sq ft fully furnished single level home offering an in-law floor plan with 4 bedrooms, 3 full bathrooms, owned solar and room to spare on 2 acres in the heart of Paso Robles wine country just minutes from award winning downtown. Currently operated as a profitable licensed VRBO; details provided upon request and with a signed NDA. Originally built to be lived in but now with two kitchens, two laundries and the ability to separate into two distinct sections, this home offers the flexibility to live in one side while offering guest quarters to family or friends. Or, generate income by renting out one side full or part time or simply continue to operate this home as your own vacation rental until you are ready to move here full time. Inside, enjoy easy access to the single level floor plan with vaulted ceiling, granite counters, wood burning fire place, ceramic tile floors, breakfast bar, KitchenAid appliances, heat pump, and ceiling fans throughout. Outside discover a patio that leads to a generous 384 sq ft gazebo with two ceiling fans to relax and entertain guests. Soak in the hot tub while enjoying the sunsets. Stay cozy, warm and toasty next to the firepit. There is plenty of low maintenance fenced area for parking RV's, trailers and boats. With additional improvements, would be ideal for horses and other animals. Private 560' deep water well with a 5,000 gallon holding tank. CalFire SLO Fire Station 52 is less than ten minutes away. If you'd rather spend your time enjoying all the laid-back lifestyle the Central Coast has to offer, you'll be close to award winning restaurants, shopping, golf, parks, hiking, and less than an hour to Lake Nacimiento, the Pacific Ocean, or Cal Poly, San Luis Obispo. As a vacation rental, this home is quite literally move in ready. All information provided by a variety of sources deemed to be reliable but has not been verified by Agent or Brokerage. Buyers should conduct their own investigations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,243 | 1,776 | 75% |
| Lot Size | 87,120 | 8,838 | 82% |
| Price | $975.0K | $780.0K | 76% |
| Price per sq ft | $435 | $454 | 43% |
| Built year | 1987 | 1991 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 175 | 0% |
Apr 1, 2026
$975,000
Initial Listing