
Paso Robles, California 93446
This Turnkey Equestrian Property is a High-Potential Investment Opportunity, listed at $699,000—positioned well below the $837,859 Fair Market Value by 16%. This valuation gap offers $138,859 in Instant Equity for the buyer. Featuring a 4-stall barn, usable acreage, and a 700-foot-deep well, the home maintains an Excellent Condition Rating with recent interior updates. This property is an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking a move-in-ready lifestyle in Paso Robles wine country.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5642 Prancing Deer Subject 3 bd · 2 ba · 1,439 sqft · $582 | $699,000* List Price | 3 | 2 | 1,439 | $582 | - |
A 5660 Ground Squirrel Sold 3 bd · 2 ba · 1,214 sqft · $622 · 0.5 mi | $755,000 | 3 | 2 | 1,214 | $622 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1988, the property has undergone a comprehensive recent renovation (likely within the last 5 years) as evidenced by the modern kitchen with stainless steel appliances, updated bathrooms with new vanities and custom tile work, fresh interior paint, and new carpet/laminate flooring. The home is in mint, move-in-ready condition with updated systems including leased solar.
The property is a turnkey setup for animal enthusiasts, featuring 2 usable acres equipped with a 4-stall barn, tack storage, cattle/horse wash, and fenced pastures.
The home features significant recent interior improvements, including fresh paint, new carpeting, and updated laminate flooring, ensuring a modern and clean aesthetic.
A 700-foot-deep well provides a robust and reliable water source, which is a critical and highly valuable asset for maintaining rural acreage in Paso Robles.
The solar energy system is leased rather than owned, requiring the buyer to assume existing contract terms and monthly payments as part of the purchase.
The primary bedroom is sunken four steps below the main living area, which may present accessibility challenges or be less desirable for buyers seeking a true single-level floor plan.
Country living, usable acreage, an updated home, and the perfect setup for animals come together at 5642 Prancing Deer Road in Paso Robles. Situated on approximately 2 acres, this property features pastures, shade covers, a 4-stall barn with tack/hay storage, cattle/horse wash, and a 700-foot-deep well. A kids’ play area adds another fun outdoor feature, while leased solar provides added energy efficiency. Inside, the 3-bedroom, 2-bath home features fresh interior paint, new carpet, laminate flooring in select areas, and ceiling fans throughout. A charming front porch and beautiful entry door welcome you home. The kitchen features abundant cabinetry, a tile backsplash, stainless steel appliances, and ample workspace. Just off the hallway, a bonus room provides flexible space for a home office, hobby room, or playroom. The hall bathroom includes laminate flooring, a stylish vanity, and a tub/shower combination. Just down four steps, you’ll find the sunken primary suite, a light-filled retreat with direct backyard access. The en-suite bath features laminate flooring, a dual-sink vanity, and a beautifully tiled walk-in shower. Two additional bedrooms, each with ceiling fans, complete the sleeping spaces. Indoor laundry and an attached two-car garage add everyday convenience. Follow the tour outdoors to take in the open surroundings, panoramic views, and your very own equestrian barn! Whether your vision includes horses or other animals, gardening, or outdoor recreation, there is plenty of room to enjoy. With usable acreage, versatile improvements, an updated interior, and a peaceful setting, 5642 Prancing Deer Road offers country living near local wineries, dining, and all that Paso Robles wine country has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,439 | 1,827.602 |
| Lot Size | 87,120 | 8,814.944 |
| Price | $699.0K | $812.6K |
| Price per sq ft | $486 | $445 |
| Built year | 1988 | 1990 |
| HOA | $0 | $186 |
| Days on market | 15 | 66 |
Oct 9, 2026
$699,000
Initial Listing
May 15, 2020
$500,000
Public Record
Jul 3, 1997
$155,000
Public Record