263 W Foothill Boulevard San Luis Obispo, CA 93405

Other Residential MLS #: PI24080427 Courtesy Of Hart Commercial Real Estate

$7,950,000

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Estimated monthly payments: $34,752/mo.* (recalculate)

Property InformationDescription

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.

Features

  • Architecture Style: Other
  • Roof Type: Unknown
  • View Type: Hills, Lake, Mountain

MAP & DIRECTIONS

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263 W Foothill Boulevard, San Luis Obispo, CA 93405
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School Information

263 W Foothill Boulevard, San Luis Obispo, CA 93405

Elementary School
Grades KG-6 | Public School
PACHECO ELEMENTARY SCHOOL
San Luis Obispo, CA 93405
261 Cuesta Dr
805.­596.4081
Distance: 1.6 mi
School Rating
C
Student:Teacher Ratio
22:1
Total Students
512
Elementary School
Grades 4-6 | Public School
TEACH ELEMENTARY SCHOOL
San Luis Obispo, CA 93405
165 Grand Ave
805.­596.4100
Distance: 2.5 mi
School Rating
A
Student:Teacher Ratio
30:1
Total Students
182
Elementary School
Grades KG-6 | Public School
BISHOP'S PEAK ELEMENTARY SCHOOL
San Luis Obispo, CA 93405
451 Jaycee Dr
805.­596.4030
Distance: 1.3 mi
School Rating
B
Student:Teacher Ratio
22:1
Total Students
383
Middle School
Grades 7-8 | Public School
LAGUNA MIDDLE SCHOOL
San Luis Obispo, CA 93405
11050 Los Osos Valley Rd
805.­596.4055
Distance: 1.1 mi
School Rating
B+
Student:Teacher Ratio
19:1
Total Students
781
High School
Grades 9-12 | Public School
SAN LUIS OBISPO HIGH SCHOOL
San Luis Obispo, CA 93401
1499 San Luis Dr
805.­596.4040
Distance: 2.5 mi
School Rating
A
Student:Teacher Ratio
21:1
Total Students
1568
Other Nearby Schools Distance Type Grades School Rating
Christ Classical School 0.9 mi Private KG-8
C.l. Smith Elementary School 1.2 mi Public KG-6 B-
Lindamood Bell Academy 1.3 mi Private 3-12
Lindamood-bell Learning Processes Berkeley 1.4 mi Private 2-8
Old Mission School 1.5 mi Private PK-8
Mission College Preparatory High School 1.5 mi Private 9-12
Pacific Beach High School 1.8 mi Public 10-12 D
Hawthorne Elementary School 2.0 mi Public KG-6 C+
Orfalea Family & Asi Children's Center Rm # 133 2.1 mi Private PK-TKG
San Luis Obispo Classical Academy 2.5 mi Private PK-12
Peep - Prepare 2.5 mi Public KG-12
Montessori Childrens School 2.7 mi Private PK-6
Sinsheimer Elementary School 2.9 mi Public KG-6 B+
Grizzly Challenge Charter 3.7 mi Public 10-12 D+
San Luis Obispo County Community 4.7 mi Public 6-12 D+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

San Luis Obispo, CA 93405

Median Age: 29.4
Married: 31%
Number of Households: 9,594
Households with Children: 13.9%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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