The historic Madonna-Twisselman Ranch features 360 acres of gently sloping lakefront land nestled between the base of Cerro San Luis along the northern property line and encompassing a portion of Laguna Lake to the southeast section. Cerro San Luis Obispo, or commonly referred to as Madonna Mountain by locals, is a member of the or Nine Sisters, a chain of prominent volcanic peaks stretching east from Morro Bay. A stream runs along the foothill frontage of the property with several intermittent streams running from Cerro San Luis to the lake. The ranch is only 10 miles from Avila Beach to the south, 10 miles from Morro Bay to the west, and despite its rural feel, is located just a few minutes from downtown San Luis Obispo. The San Luis Obispo County Regional Airport is just 6 miles away and offers 3 passenger airlines which serve the airport with nonstop flights to 8 cities. This is an unparalleled opportunity for an astute buyer looking for a ranch with a wealth of possibilities located in the heart of San Luis Obispo. Agricultural Opportunities: The property soil classifications and microclimate are suitable for farming many permanent or rotational crops that the region is well known for. Currently there are no irrigated or dry crops produced on the property. The ranch is presently used for raising brood mares and foals. Subdividing by Lot Line Adjustments: The ranch is comprised of 4 APNs and 7 parcels with recorded certificates of compliance. The ranch offers a buyer an opportunity to reconfigure the parcels into a variety of layouts through lot line adjustments, versus having to go through a lengthy mapping process. After processing a LLA a buyer could sell off some or all of these smaller portions of the ranch at a substantial premium. Future Development Opportunities: The property is not in the Williamson Act and could allow for potential future development, mostly likely as part of a rezone and an annexation into the city. The ranch and surrounding properties are within the City’s Sphere of Influence Area 9. The area is bounded by Los Osos Valley Road to the south and Foothill Boulevard to the east. The City has identified the potential land use for this area as Residential and Open Space. Much smaller ranches in the area that have been annexed into the city and rezoned have sold for over multiple times the asking price of this opportunity. Call for offers due May 24, 2024.
Property Details
Property Features
Listing Office:
Office Name: Hart Commercial Real Estate
Office Email: Jason@HartCRE.com
Listing Agent: Jason Hart
Exterior Features
Exterior Information:
View: Hills, Lake, Mountain(s)
Lot Features
Lot Information:
Lot: Agricultural
Lot Size: 360.00 Acres
Other
Directions Information:
Directions: From LOVR Right on Foothill
Price Information
Listing Price Info
Price Summary:
List Price: $7,950,000
Tax Information:
Annual Amount: $17,700
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in San Luis Obispo, CA.
This property is $6.9M more than the Median Sold Price in San Luis Obispo, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PI24080427
Listing Office:
Office Name: Hart Commercial Real Estate
Office Email: Jason@HartCRE.com
Listing Agent: Jason Hart
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/5/2024, 9:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$17,700
$1,666,321
2020
$17,518
$1,649,235
2019
$16,997
$1,616,898
2018
$16,997
$1,585,195
2017
$16,664
$1,554,113
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Bishop's Peak Elementary School
451 Jaycee Dr
Distance between this listing and this school0.33 miles
Public District Grades KG-6
6
/10
Pacheco Elementary School
261 Cuesta Dr
Distance between this listing and this school0.38 miles
Public District Grades KG-6
6
/10
Hawthorne Elementary School
2125 Story St
Distance between this listing and this school2.00 miles
Public District Grades KG-6
Nearby Schools
9
/10
Teach Elementary School
451 Jaycee Dr
Distance between this listing and this school0.33 miles
Public District Grades 4-6
7
/10
Laguna Middle School
11050 Los Osos Valley Rd
Distance between this listing and this school2.24 miles
Public District Grades 7-8
7
/10
Los Osos Middle School
1555 El Morro Ave
Distance between this listing and this school8.11 miles
Public District Grades 6-8
Nearby Schools
8
/10
San Luis Obispo High School
1499 San Luis Dr
Distance between this listing and this school1.82 miles
Public District Grades 9-12
7
/10
Morro Bay High School
235 Atascadero Rd
Distance between this listing and this school11.75 miles
Public District Grades 9-12
6
/10
Atascadero High School
1 High School Hill Rd
Distance between this listing and this school12.98 miles
The neighbors living near this home have an average income of $83,088. Typical income of San Luis Obispo, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 263 W Foothill Blvd
What is the listing price of this property?
The listing price of 263 W Foothill Blvd property is $7,950,000.
What type of property is this?
The property 263 W Foothill Blvd is land located in San Luis Obispo, California, 93405.
Is this property for sale now?
Active Listing: 263 W Foothill Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $17,700 (source: MLS/based on county public records data).
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This home is located at 263 W Foothill Blvd in San Luis Obispo, CA and zip code 93405. This home sits on a 360.00 acre lot. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $7,950,000.
In April 2024 more than 17 listings in San Luis Obispo, CA were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 14 were sold below. The number of listings in San Luis Obispo, CA decreased by 2.2% between March 2024 and April 2024. The median list price of listings available in April 2024 was $991,000, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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