6550 State Highway 193, Newcastle, CA 95658, Newcastle, 95658 - 3 bed, 2 bath
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Newcastle, CA 95658
Analysis of 6550 State Highway 193, Newcastle, CA 95658 is currently available with a list price of $2,495,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newcastle 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 moderate renovation needed.
The property is primarily valued for its 119 acres of land and development potential rather than the residential structure. The 1,500-square-foot home is described as 'modest' with 'limited residential value,' and the absence of interior photos typically indicates an outdated interior. Based on the description, the dwelling is likely an aged but functional farm-style residence that has not undergone recent major renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 5187996, living area = 1500.
Boasting 119 acres with 4.5-acre zoning, this property offers a rare opportunity for a significant residential subdivision in the desirable Newcastle area.
Formerly the Cole Christmas Tree Farm, the land provides a rich agricultural history and vast open space suitable for various farming, equestrian, or private estate uses.
The property is currently under the Williamson Act, which prevents immediate lot splitting and requires the contract to fully expire before development can commence.
The existing 1,500-square-foot home is modest relative to the multi-million dollar list price, indicating that the primary value lies in the land rather than the current structures.
Property use to be the Cole Christmas Tree Farm. Total land is 119 acres. Current zoning is 4.5 acre zoning. Cannot be split until Williamson Act has fully completed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 35% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,500 | 3,326 | 13% |
| Lot Size | 5,187,996 | 121,968 | 96% |
| Price | $2.50M | $1.30M | 87% |
| Price per sq ft | $1.7K | $443 | 96% |
| Built year | 0 | 1986 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 222 | 9% |
Feb 26, 2026
$2,495,000
Initial Listing