$2,450,000
SOLD APR 1, 2025

5385 Righetti Rd San Luis Obispo, CA 93401

110 Acres
$22,273 Price per Acre
4,791,600 Sq Ft Lot

Recently Sold

18% Below List Price

62 Days on Market

Highlights

  • Horse Property
  • Pond View
  • No HOA
  • Los Ranchos Elementary School Rated A
  • 110 Acre Lot
  • Agricultural

About This Lot

As of April 2025

Opportunity is Knocking with Olive Branches!

For the first time in four generations, this 110 acre family ranch is looking for a new steward.

The olive groves consist of 120 trees, mainly of Arbequina. The Arbequina oil won Best of Class/Gold in the 2018 California Mid-State Fair with Silver medals in 2010 and 2011.

An irrigated orchard includes orange, lemon, tangerine, apricot, apple, pomegranate, fig, persimmon, and loquat.

The remaining 100± acres are currently leased for a 22 cow-calf operation. The perimeter of the ranch is fenced. Water is supplied by a shared reservoir and a seasonal spring for orchards and livestock. Two storage tanks provide water for the orchards and livestock watering tank. The second well could accommodate more olive trees. The 20+ year old barn is 30 feet by 60 feet with metal siding, a built-in work bench, a partial concrete slab, and electricity.

Plan your dream home on one of several scenic homesites with breathtaking views of the Nine Sisters mountain peaks. Enjoy the fruits of this hobby farm. Expand the olive oil production. Bring your horses. Raise your own livestock.

To paraphrase a family member, “Across generations we learned to mend fences from our grandfathers and the joy of gardening and raising animals from our grandmothers. We enjoyed the peace that comes with having a place to call home in our heart.”

Come discover what Edna Valley in popular San Luis Obispo has to offer your future generations. Contact your agent today for detailed information about what this opportunity has to offer.

Last Agent to Sell the Property

Jeff Prostovich

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-441-3777 License #00800031

BHGRE HAVEN PROPERTIES

Co-Listed By

Leanna Satmari

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-441-3777 License #01946074

Last Buyer's Agent

Mike McNamara

McNamara Real Estate License #01010742

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $534

Lot Details

  • 110 Acre Lot
  • Rural Setting
  • Barbed Wire
  • Irregular Lot
  • 044016036
  • Property is zoned AG

Property Views

  • Pond
  • Reservoir
  • Hills
  • Valley

Farming

  • Agricultural

Utilities

  • Private Water Source
  • Agricultural Well Water Source
  • Well
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 044061035
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • San Luis Obispo Subdivision

Recreation

  • Horse Property

Property Details

Property Type

Land

Est. Annual Taxes

$534

Lot Details

0

Listing Details

  • Current Use: Agricultural
  • Current Use Comments: Hobby farm: Olive trees for olive oil production and cattle grazing
  • Possible Use: Agricultural, Horses
  • Possible Use Comments: Expanded olive trees for olive oil production and horse
  • Road Frontage Type: Country Road
  • Road Surface Type: Paved
  • Subdivision Name Other: San Luis Obispo(380)
  • Survey: Buyer Pays, Corners Marked
  • View: Yes
  • Well Report: Yes
  • Zoning: AG
  • Property Type: Land
  • Parcel Number: 044061035
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 0.51

Exterior Features

  • View: Hills, Pond, Reservoir, Valley
  • Fencing: Barbed Wire

Utilities

  • Utilities: Electricity Connected, Water Available
  • Electric: Electricity - On Property
  • Sewer: None
  • Water Source: Agricultural Well, Private
  • Water Well: Yes
  • Well Gallons Per Minute: 7.50

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 044016036
  • Land Lease: No
  • Lot Features: Agricultural, Agricultural - Other, Agricultural - Tree/Orchard, Horse Property, Irregular Lot
  • Lot Size Sq Ft: 4791600.00
  • Lot Size Acres: 110.0000

Multi Family

  • Lot Size Area: 110.0000 Acres

Tax Info

  • Tax Census Tract: 115.05
  • Tax Lot: 16

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold $2,450,000 -18.3% --
10/05/2024 10/05/24 For Sale $3,000,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $534 $55,503 $34,310 $21,193
2023 $534 $48,273 $27,495 $20,778
2022 $507 $47,866 $27,495 $20,371
2021 $504 $47,467 $27,495 $19,972
2020 $574 $54,078 $34,310 $19,768
2019 $554 $292,022 $253,260 $38,762
2018 $530 $49,412 $30,411 $19,001
2017 $526 $49,040 $30,411 $18,629
2016 $427 $39,846 $21,582 $18,264
2015 $347 $32,378 $14,388 $17,990
2014 $451 $44,946 $27,308 $17,638
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $2,450,000 Placer Title
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24204960

California Regional Multiple Listing Service (CRMLS)

APN: 044-061-035