5165 Estrella Road
Paso Robles, CA 93446
Active for $7,990,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 11,176,189 sqft
| MLS | SC24210489 |
| Year Built | 1949 |
| Property Type | Agriculture |
| County | San Luis Obispo |
| Status | Active |
| Active | $7,990,000 |
| Structure Size | N/A sqft |
| Lot Size | 11,176,189 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Welcome to the extraordinary Estrella Ranch Headquarters in Paso Robles, CA. The property’s primary investment opportunity is the presence of one of California’s largest outdoor cannabis grow operations. Considering the capital, time and energy needed to establish an operation of this scale, the ranch offers a once if a lifetime opportunity. There is also a potential to expand the growing operation to an area greater than the current 3 acres. In addition to commercial farming opportunities, the property has all of the elements to support a Cannabis Tourism business model. Similar to wine tourism, this is a rapidly growing business sector, and very few properties have the infrastructure to support such an endeavor. The luxury home and guest house are the centerpiece of the historic Estrella Ranch Headquarters. The custom single-level primary residence spans over 4,900 SF, with 3 bedrooms, 5 bathrooms, and wide-open living spaces. Parkay wood flooring and tile provide warmth, and the industrial chef’s kitchen is a dream for entertainment and events. Soaring ceilings with exposed wood beams, large windows, and artistic fireplaces make the property a one-of-a-kind architectural marvel. The nearby 1,360 SF guest home is comprised of two large bedrooms, three bathrooms, and a functional kitchen. Both homes enjoy amazing views of the impressive in-ground pool and nearby hillsides. The pool area, complete with separate spa and shade structure, is adjacent to an outdoor kitchen and expansive grass yard area. In addition to the main home and guest home, the ranch features an assortment of additional residential and office buildings. The homes are perfect for guests, family, and employees. The 2,530 SF office building is located close to the equestrian facilities and includes a reception area and three private offices. The property features 25 high quality horse stalls and breeding pens spread across two large barns. Surrounding these facilities are multiple paddocks, pastures and irrigated farmland to support horses, cattle, and vineyards. The cherry on top is an incredible 20,000 SF covered arena providing protection from the elements, along with a potential for picturesque trail riding throughout the property. The property is perfectly situated for vacation rentals, and medium to large events such as weddings and retreats. A buyer could potentially acquire necessary permits and capitalize on this opportunity.
Listing information courtesy of: Erik Berg-Johansen, Richardson Sotheby's International Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Varteni Keosian
REALTOR®
Direct: 818.397.3797
Email: Email Me
DRE: 02184923
DRE #01873088
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