luxury real estate for sale Santa Margarita, United States

Move-in ready Villas at Dove Creek residence in desirable South Atascadero. Offering a low-maintenance lifestyle with convenient access to downtown Atascadero’s breweries and eateries just 10 minutes away, and a short 15-minute commute to San Luis Obispo. Offering approximately 1,733 square feet of living space, this thoughtfully designed floor plan includes three spacious bedrooms and two and one-half bathrooms. As you approach the residence, you’re welcomed by a lush lawn, a shady tree, and a relaxing front porch. Inside, high ceilings, luxury vinyl plank flooring, and abundant natural light create a warm and inviting atmosphere. The living room, highlighted by a stylish rattan fandelier, is a comfortable space for unwinding after a day exploring the Three Bridges Oak Preserve or enjoying summer concerts in the Sunken Gardens. Adjacent to the dining room—ideal for gathering with friends—the kitchen features Corian countertops, fresh white cabinetry, a well-equipped appliance package including a new refrigerator, and a pantry—perfect for preparing meals with fresh produce from local farmers’ markets. The private primary suite offers a walk-in closet and a luxurious en-suite bath with a separate shower, soaking tub, dual-sink vanity, and a private water closet. Two secondary bedrooms—ideal for guests, a home office, or hobby space—share a stylishly appointed full bathroom with dual sinks. The rear yard is designed for relaxation and entertaining, featuring a lush lawn, citrus trees, fig tree, apple tree, blackberries, raspberries, grapes, and fragrant jasmine—perfect for enjoying beautiful Central Coast evenings or hosting weekend BBQs. Additional highlights include a laundry room with upper storage cabinets and an included washer and dryer, air conditioning, window coverings, as well as a two-car garage with ample space for mountain bikes, surfboards, or a home fitness area. Residents of Villas at Dove Creek enjoy access to scenic walking and biking trails and a community park, enhancing the ease and enjoyment of Central Coast living.

Come take a look! Yes, check out this 3-bedroom, 2-bathroom newer model 2021 manufactured home in the well-established 55+Rancho Del Bordo Mobile Home Estates. The park is beautifully maintained and beautifully landscaped. Features include a community clubhouse, pool, spa, library, pool tables, sauna, and more. An attached carport offers both stairs and a ramp for easy access to the back entrance, which opens into a convenient indoor laundry room. There is also a storage shed. Space rent includes water, trash, and sewer services. Conveniently located in the vibrant community of Atascadero, you’ll enjoy nearby wine tasting, golf, shopping, hiking, parks, concerts, and quick access to the coast and San Luis Obispo.

Fully renovated historic triplex located in the heart of Atascadero, offering strong rental income potential and modern upgrades throughout. This turnkey property has been remodeled from the foundation up, featuring a re-engineered and reinforced foundation, new roof, updated siding, fresh interior and exterior paint, new dual-pane windows, wood laminate flooring, and new appliances. The property includes three residential units: Unit A is a 3-bedroom, 1-bath with full kitchen (projected rent $2,600/month); Unit B is a 1-bedroom, 1-bath with full kitchen (projected rent $1,800/month); and Unit C, located upstairs, is a 2-bedroom, 1-bath with full kitchen (projected rent $2,200/month). Each unit has designated parking and its own locking storage closet. There is a shared laundry area for Units A and B, while Unit C offers washer/dryer hookups. Additional amenities include guest parking and an income-producing gravel lot at the rear of the property, currently leased to a neighboring business for $1,000/month. Prime location near downtown, shopping, and public transit.

A thoughtfully reimagined single-level residence set on approximately 1.2 ± acres, offering 1,812± square feet of bright, open-concept living. Designed with a seamless flow, the home features 3 bedrooms and 2 bathrooms, highlighted by expansive windows and abundant natural light throughout the main living area. ProTek hardwood flooring extends through the living room and kitchen, where large sliding doors open to a spacious backyard and patio—well-suited for both everyday living and entertaining. The kitchen is appointed with updated Whirlpool appliances, graphite granite countertops, bar seating, and a dedicated dining area. The primary suite offers a well-proportioned layout with a generous closet, dual vanities, and a custom-tiled walk-in shower. Additional features include a landscaped front yard with sprinkler system, a concrete driveway, and detached covered parking. Also includes an adjacent vacant parcel of approximately .6± acres, presenting added flexibility for future use of a potential shop or outbuilding. Well positioned just moments from the heart of Atascadero, the property offers convenient access to local schools, dining, parks, and everyday amenities while maintaining a comfortable sense of space and privacy.

A rare opportunity to build a bespoke residence on a 50 x 108 square foot parcel in the coveted Monterey Heights neighborhood of San Luis Obispo. This exceptional homesite captures sweeping panoramic vistas, with golden sunrises over Cuesta Ridge and dramatic sunsets spanning the Irish Hills, San Luis Mountain, and iconic Bishop Peak. Ideally positioned near Cal Poly and the natural beauty of Cuesta and Buena Vista Parks, the property is also in close proximity to the Performing Arts Center and downtown amenities. Plans for a thoughtfully designed Modern or Craftsman-style home are available, offering a streamlined path to development, or envision and create a fully custom residence tailored to your lifestyle. An outstanding opportunity to secure a premier lot in one of San Luis Obispo’s most desirable hillside enclaves.

Nestled in a prime San Luis Obispo location just minutes from downtown, 1420 & 1428 Johnson Avenue presents a rare and versatile investment opportunity featuring three well-maintained residential units on one property. Thoughtfully configured for flexible ownership, rental income, or multi-generational living, this unique property blends charm, privacy, and functionality. The front bungalow at 1420 Johnson, originally built in 1925, offers approximately 800± square feet and enjoys a private setting separate from the other units. This charming 2-bedroom, 1-bath home features a comfortable living room, a separate eat-in kitchen, and a private front yard space that enhances its classic character and livability. The attached studio unit, added on in 1943, approximately 400± square feet, has been tastefully updated in recent years and features its own private rear entrance. Highlights include newer dual-pane replacement windows, an oversized updated kitchen, a 3/4 bathroom, a spacious studio living area with room for both bedroom and living furnishings, and a built-in closet organization system. The bungalow and studio share laundry facilities and utilities. Built in 2005, the detached rear residence at 1428 Johnson Avenue is approximately 1,000± square feet and operates independently with separate utilities. Positioned above an expansive 3-car garage, this thoughtfully designed upstairs home offers an open-concept floor plan with the kitchen and living room flowing seamlessly together, creating a bright and airy atmosphere. The layout includes a spacious primary bedroom and full bathroom situated privately on one side of the home, along with a private balcony for outdoor enjoyment. A separate laundry is conveniently located within the garage. 5+ Onsite Parking Spaces. Exceptionally maintained and ideally located, this property offers strong investment potential, flexible living arrangements, and long-term value in one of San Luis Obispo’s most desirable neighborhoods.

Located in one of San Luis Obispo’s most desirable neighborhoods, just minutes from downtown, San Luis Obispo High School, and Cal Poly, this custom-designed 3-bedroom, 3-bathroom home with an additional bonus room is on the market for the very first time. Showcasing stunning views throughout, the home welcomes you at the entry with a versatile bonus room and ensuite bathroom—ideal for guests, a home office, or multi-generational living. Upstairs, soaring ceilings and dramatic floor-to-ceiling windows flood the home with natural light, creating an open and airy atmosphere. The kitchen features a large walk-in pantry and flows seamlessly into the dining and sitting areas, where French doors open to a spacious patio perfect for indoor-outdoor living. One wing of the home includes a separate laundry room, two bedrooms, and a full bathroom. The opposite side offers a second living area with a cozy wood-burning fireplace, leading to the primary bedroom with its own ensuite bathroom. Thoughtfully designed with multiple living spaces and a versatile layout, this home offers comfort, privacy, and timeless appeal in a prime San Luis Obispo location.

If you want upscale SLO living near downtown, French hospital and the high school come see 1257 Iris St Unit 4. It’s a serene pocket with everything close by. Inside, it’s remodeled to the nines. You’ve got top-of-the-line split white oak flooring, Lutron ambient lighting, and custom window treatments that make the whole space feel refined. The living room has a high ceiling and a big window, plus a versatile loft for office, workout, or cozy lounge. The great room flows to a dining area and a magnificent kitchen. Think Bosch appliances, imported Italian tile accents, great storage, and clean lines that actually work for real life. The bathroom is beautifully finished with glass and imported details that feel spa-level. The bedroom is smartly designed with custom built-ins for the dresser and closets. The garage continues the upgrade story with finished drywall, thoughtful lighting, and a built-in sound system. It is perfect for a clean home gym, studio space, or dialed storage. Slide the glass door open to a long private patio for morning coffee or golden hour. This is turnkey, low-maintenance living in a prime SLO location. Message me for the full tour of 1257 Iris St Unit 4 and come see it’s elegance for yourself.

Built in 1895, this iconic Historic Victorian residence sits on one of downtown San Luis Obispo’s most prominent properties. Restored over the past 50 years, the residence is set on nearly a half-acre of usable land and currently features nine residential units, including three one-bedroom residences and six studio units with lofts. The property also includes nine outbuildings used as garages, storage, a bicycle garage, a social room, and a laundry facility. Historic character is preserved through ornate Victorian detailing, original Douglas fir accents, soaring 12-foot ceilings, and expansive windows, while offering modern conveniences throughout. A large basement, park-like grounds, patio areas, and barbecue space enhance the property’s appeal. In addition to its existing income-producing layout, the property offers potential for future expansion and increased density, subject to local zoning and planning approvals. Development flexibility may allow for additional units or alternative configurations, presenting a rare opportunity for investors and owner-users alike.

Perched at the top of Knoll Drive in the highly sought after Upper Johnson neighborhood, often referred to as the “Banana Belt” of San Luis Obispo, this stunning home offers truly breathtaking views and an exceptional setting. With 2,140 square feet of living space, the home offers a flexible floor plan featuring 4 bedrooms and 3 bathrooms. The upper level includes three bedrooms, while the lower level offers a versatile fourth room, originally designed as a den, enhanced with a wet bar area (sink and counter) and access to a nearby bathroom with an added shower, creating an ideal guest suite, office, or private retreat. The outdoor spaces are a true highlight, designed to take full advantage of the home’s incredible setting. Enjoy two expansive decks, a private patio just off the dining room, and a charming detached garden retreat tucked into the lower portion of the property, perfect for a he shed/she shed, playhouse, or peaceful escape. Surrounded by mature trees and complemented by a seasonal creek, the property offers a rare sense of tranquility. Beautifully landscaped grounds feature approximately 30 trees, including 10 fruit trees, creating a lush private environment. Additional highlights include Trex decking, Milgard dual-pane windows, abundant storage, and numerous quality upgrades throughout. All of this in a prime location just minutes from downtown, hiking trails, and everything San Luis Obispo has to offer, an exceptional blend of views, privacy, and convenience.

Two homes on one lot zoned CN – Commercial Neighborhood, offering excellent flexibility and exposure. Unique opportunity to live in one home while using the other for residential or allowable business use (buyer to verify). Prominent corner location at Broad Street and Sandercock with strong visibility. Both homes are nicely finished inside and rent-ready. Broad Street property (currently rented) is 880 square feet, 3 bedrooms, and 1 bath, while the second home, located at 674 Sandercock Street, is approximately 786 square feet, 2 bedrooms, 1 bath, and is currently vacant. This older property is offered as-is and priced accordingly. Ideal for an owner-user, investor, or future CN redevelopment in a prime San Luis Obispo corridor.

Welcome to The Yard, a trendy townhome community that perfectly captures the essence of the San Luis Obispo lifestyle. Just minutes from downtown, this contemporary 2-bedroom, 2.5-bath home offers a functional and versatile layout designed for modern living. The ground-floor bonus room with a full bathroom provides endless possibilities as a home office, gym, or additional living area. On the second level, enjoy an expansive open-concept living area that seamlessly connects the kitchen and living space. The kitchen features quartz countertops, white shaker-style cabinetry, and a tile backsplash, while hardwood flooring runs throughout the main living area. A sleek roll-up door opens to a sun-filled balcony, capturing beautiful mountain views and filling the space with natural light. Upstairs, both bedrooms are thoughtfully designed as private suites, each with its own en-suite bathroom and walk-in closet. A conveniently located laundry closet sits between the bedrooms for added ease. Additional highlights include an oversized one-car garage with extra storage. This chic townhome offers unmatched convenience, with restaurants, grocery stores, and everyday amenities nearby in the heart of San Luis Obispo.

Historic O'Connor Ranch Nestled in the heart of San Luis Obispo, California, 1498 O'Connor Way is a distinguished property that offers a unique blend of historical significance and modern amenities. Once part of the esteemed O'Connor Ranch, founded in the 19th century, this estate carries a legacy of ranching excellence. The original headquarters of the O'Connor Ranch is featured in Myron Angel's ''History of San Luis Obispo County,'' highlighting its historical importance. The expansive 189-acre property offers breathtaking views, including a portion of Cerro Romualdo, one of the renowned ''Seven Sisters'' of San Luis Obispo. The estate comprises residences, barns, and various outbuildings, providing ample space for diverse living arrangements and agricultural pursuits. The main residence exudes historic charm and warmth. Additional structures include a second farmhouse, a bunkhouse, a rustic wood cabin, two barns, and a structure that could easily be converted into a 12 stall barn and horse facility complete with a one-acre arena, catering to equestrian enthusiasts and those seeking a serene rural lifestyle. The property is currently being used for cattle grazing and in combination with the dwellings provides multiple income streams. This property presents a rare opportunity to own a piece of San Luis Obispo's rich history while enjoying the comforts of modern living amidst picturesque surroundings. Centrally located ten minutes from downtown San Luis Obispo and 15 minutes from the ocean and popular Morro Bay. Being 3 hours from the Bay Area and Los Angeles and only 2 hours from Bakersfield, the property offers the perfect weekend getaway or family compound. Please call us to set up a tour. Property Highlights: 189+ Acres near San Luis Obispo, CAViews5 ResidencesMultifamily12 Stall Horse BarnFenced for CattleCentrally located ten minutes from downtown San Luis Obispo15 minutes from the ocean and popular Morro Bay

Lowest-priced market-rate two-bedroom condo in San Luis Obispo. Set against the idyllic backdrop of the South Hills, this residence is located in the cozy enclave of Rockview Heights, a 20-unit condominium community conveniently situated near local eateries, parks, hiking trails, and the vibrant downtown of San Luis Obispo. This move-in-ready home features an open floor plan with over 900 square feet of living space, two spacious bedrooms, and one full bathroom. As you enter, you’re welcomed by newly installed luxury vinyl plank flooring and an abundance of natural light. Open to the comfortable living room and dining area, the kitchen features recently painted cabinetry with polished nickel pulls, a gas range, refrigerator, spring-coil pull-down faucet, a sunny window over the sink, tile countertops, and a breakfast bar. Situated adjacent to the full bathroom—appointed with a quartz countertop and updated fixtures—the primary bedroom offers an oversized closet and a balcony with peaceful views, while the secondary bedroom enjoys serene vistas of the surrounding open space and natural beauty. The private rear patio is ideal for weekend BBQs or simply unwinding at the end of the day. Additional highlights include window coverings, a large under-stair closet, a detached exterior storage closet, and an available bike locker. With only two units per building, these duplex-style condos offer just one shared wall. This is a wonderful opportunity to invest in one of San Luis Obispo’s most convenient locations.

Introducing 1115 Tiburon Way, an exceptional new construction corner-unit townhome located in the sought-after R@Righetti Ranch community in San Luis Obispo. Blending modern farmhouse architecture with thoughtful design, this 3-bedroom, 2.5-bath residence offers stylish, low-maintenance living in one of the Central Coast’s most desirable neighborhoods. Designed for comfort and convenience, this beautifully upgraded home features an attached 2-car garage, owned solar panels, tankless water heater, Hunter Douglas shutters and blinds, a whole home security system, and luxury vinyl plank flooring throughout. The open-concept main level is bright and inviting, filled with natural light and designed for effortless everyday living and entertaining. The well-appointed kitchen showcases expansive quartz countertops, designer tile backsplash, under-cabinet and recessed lighting, generous cabinetry, a large center island with bar seating, deep single-basin sink, and abundant prep space. A charming front patio welcomes you into the home and offers the perfect setting to relax and enjoy the San Luis Obispo sunshine. Inside, the seamless flow between the kitchen, dining area, and living room creates an ideal layout for gathering and entertaining. Upstairs, the spacious primary suite serves as a private retreat featuring a large walk-in closet and spa-inspired ensuite with a tiled walk-in shower, double sinks, quartz countertops, and tile flooring. Two additional bedrooms share a full bathroom with double sinks, a tub/shower combination, and ample cabinetry. A conveniently located upstairs laundry room includes built-in storage, a utility sink, and quartz countertop workspace. Residents of R@Righetti enjoy access to scenic hiking and walking trails, biking paths, open space, and sweeping natural vistas, with a community park underway. Ideally situated near the airport, shopping, dining, schools, and renowned Central Coast wineries, this home offers the very best of the San Luis Obispo lifestyle.