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5165 Estrella Road

Paso Robles, CA 93446
  • $7,990,000
  • STATUS: Active Under Contract
  • ON SITE: 51 Days
  • ID#: SC24210489
Under Contract
UPDATED: 25 min ago
$7,990,000
  • 0
    BEDS
  • 256.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Erik Berg-Johansen of Richardson Sotheby's International Realty (805-781-6040) and Chris Richardson of Richardson Sotheby's International Realty(805-781-6040)


Description

Welcome to the extraordinary Estrella Ranch Headquarters in Paso Robles, CA. The propertys primary investment opportunity is the presence of one of Californias 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 chefs 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-06T21:30:30.24. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/156762332
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5165 Estrella Road Paso Robles, CA 93446

  • Price: $7,990,000
  • Status: Active Under Contract
  • On Site: 51 Days
  • Updated: 25 min ago
  • ID#: SC24210489
0
Beds
0
Baths
0
½ Baths
256.57
Acres
1949
Built
Neighborhood:
Prne - Pr North 46-East 101
County:
San Luis Obispo
Area:
Prne - Pr North 46-East 101
Property Description
Welcome to the extraordinary Estrella Ranch Headquarters in Paso Robles, CA. The propertys primary investment opportunity is the presence of one of Californias 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 chefs 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.
Exterior Features

Entry Level 1 Horse YN Yes Lot Features AgriculturalHorse Property Roof OtherTile Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Business Type Agriculture Common Interest None Current Financing Private Electric Electricity - On Property Land Lease YN No Laundry Features Inside Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Property Sub Type Agriculture Special Listing Conditions Notice Of Default Utilities Electricity Connected Water Source Well Zoning Agriculture



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-06T21:30:30.24. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373487772-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373487772-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373487772-2.jpg
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Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): Erik Berg-Johansen of Richardson Sotheby's International Realty (805-781-6040) and Chris Richardson of Richardson Sotheby's International Realty(805-781-6040)