$3,450,000
$18,254 per acre: total asking price divided by the reported 189 acres. Not an appraisal or a bare-land value.
1498 O'sconnor WaySan Luis Obispo, CA 93405
Ranch · MLS 11556138 · Listed 589 days ago (Mar 24, 2025)
Livestock and grazing · Equestrian · Farm and ranch details
For sale: Listed for sale and available according to the MyStateMLS feed.
About this property
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
Description provided by the listing brokerage.
Farm and ranch details
Listing-reported, not independently certified. These details come from the listing's own fields and description. Farms and Ranches has not inspected the property, measured acres, tested soil or water, or reviewed permits. Confirm everything with Rea Callender of California Outdoor Properties and the right professionals.
| Listed here as | RanchFarms and ranches: Listed by the MLS as a farm or ranch, or land with reported agricultural improvements such as barns, stables or fencing. |
|---|---|
| Why it qualifies | MLS property type: Farm · How listings qualify |
| Reported use | Livestock and grazing, Equestrian |
| Total acreage | 189 acres (as reported) |
| Reported land breakdown | Not stated. Total acreage is not tillable or usable acreage; ask the agent and check the soil survey. |
| Home included | Yes, a home is reported |
Reported buildings, water and land features
- Pasture (listing description)
- Stable or stalls (listing description)
- Barn (listing description)
Not reported here and never inferred: yields, income, stocking rates or carrying capacity, water rights, transferable permits, organic certification, equipment or livestock included in the sale, and whether a building can be used or a site built on. Report a wrong classification.
Facts
- List price
- $3,450,000
- Status
- For sale
- Property type
- Farm or estate
- Bedrooms
- 4
- Full baths
- 2
- Interior area
- 2,400 sq ft
- Lot size
- 189 acres
- County
- San Luis Obispo County
- MLS number
- 11556138
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary, and no soil, flood, wetland or access conclusion should be drawn from it. See more listings in San Luis Obispo.
Price and status history
Changes observed by Farms and Ranches in MyStateMLS data since Oct 30, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.
Buyer checklist
Questions worth investigating for any farm or ranch purchase. They are not claims that this property has a problem or meets any condition.
- Legal accessIs there deeded or recorded access to a public road, and are there easements across the land (or that the land relies on)?
- Water rights and wellsA well, pond, creek or irrigation system does not by itself establish a legal right to use the water. Ask for the water right, permit or registration documents and test the well.
- Leases and tenanciesAre there farm, grazing, hunting, CRP, oil and gas or wind leases? Some survive a sale or require notice before they end.
- Soil and usable landHow many acres can actually be cropped or grazed? Check the NRCS soil survey and get a current lab soil test for the use you plan.
- RestrictionsZoning, conservation easements, deed restrictions, HOA rules, floodplain and wetland rules can limit what you can do.
- Building conditionBarns, fences, wells and septic systems need inspection; a listed building may not suit a commercial or livestock use.
- UtilitiesPower, water, septic capacity, internet and road maintenance: who provides them and at what cost.
- What is included in the saleEquipment, growing crops, stored hay, livestock, irrigation equipment, permits and farm program contracts are often separate. Get it in writing.
Explore this area's farming resources
Regional guidance for San Luis Obispo County, CA. It describes the area, not this property: it does not say this land suits any crop or use.
- Regional overview and local referrals for San Luis Obispo County
- UC Agriculture and Natural Resources Cooperative Extension (county offices and local specialists)
- Soil testing options for California
- NRCS Web Soil Survey (mapped soils; a map is not a soil test)
- All farm resources for California
Guides and next steps
Listing courtesy of California Outdoor Properties. Listing agent: Rea Callender. Co-listing agent: Janet DeLeo. Listings provided by MyStateMLS.
Listing last updated by the brokerage Nov 3, 2026, 12:25 AM UTC. Farms and Ranches last received MyStateMLS data Nov 3, 2026, 1:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.