263 West Foothill Boulevard

San Luis Obispo, CA 93405

$7,950,000
Price
15,681,600 / 360
Lot Size / Acres

Description

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...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.
  1. Listed by Jason Hart • DRE #01334694 • Brokerage DRE #01334694 • Hart Commercial Real Estate • Jason@HartCRE.com

Property Details for 263 West Foothill Boulevard

View
Hills, Lake, Mountain(s)
Lot Size Source
Other
Assessor Parcel Number
067091013
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of Hart Commercial Real Estate, Jason Hart, DRE #01334694
Add your commute
LISTING UPDATED: 04/23/2024 08:01 AM

Property Details for 263 West Foothill Boulevard

StatusActive
MLS #PI24080427
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size360.00 AC
CountySan Luis Obispo County

Location

Listing Courtesy of Hart Commercial Real Estate, Jason Hart, DRE #01334694
Add your commute

Building Information for 263 West Foothill Boulevard

Lot Size360.00 AC

Payment Calculator

$44,985 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,386

Property Taxes

$1,599

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 263 West Foothill Boulevard

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Census Tract: 112.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 51
Community / Development
Community / Development
  • Community Features: Foothills, Hiking, Lake, Horse Trails
  • Complex Features: Horse Trails
Property / Structure Info
Exterior Features
  • View Description: Hills, Lake
Distance To
  • Distance To Water: on land
Land/Lot Info
  • Additional Parcels Description: 067-091-014, 067-091-015, 067-072-040
  • Lot Features: Agricultural - Other, Horse Property Unimproved, Ranch
  • Additional Property Use: Ranch/Farm
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: See Remarks
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)

Property History for 263 West Foothill Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 263 West Foothill Boulevard

Taxable ValueLand$1,733,639Additions-Total$1,733,639
Tax Record2023$19,189 ($1,599 / month)
Home Facts
Beds0Lot Size15,558,760 SqFtStyleMiscellaneous Vacant LandZoningAGCountySAN LUIS OBISPOAPN067-091-013

Schools near 263 West Foothill Boulevard

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Bishop's Peak Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Pacheco Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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263 West Foothill Boulevard is a 360 ac of land for sale in San Luis Obispo, CA 93405. This property was listed for sale on April 22, 2024 by Hart Commercial Real Estate, it's currently listed at $7,950,000. It has been on the market for a total of 11 days and was last sold on February 8, 2005. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Bishop's Peak Elementary School, Laguna Middle School and San Luis Obispo High School. 263 West Foothill Boulevard is a 0-bed, 0-bath, 360 ac of land on a 15,681,600 sq. ft. / 360 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hart Commercial Real Estate, Jason Hart, DRE #01334694

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