5165 Estrella Road

Paso Robles, CA 93446

$7,990,000

List Price

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bed Beds

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N/A sqft

straighten / sqft

1949

calendar_month Built

Property 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

List Price $7,990,000
Status Active
MLS SC24210489
Type Commercial
Subtype Agriculture
Year Built 1949
Lot Size 11,176,189
Structure Size N/A
DOM 17
Courtesy Of Richardson Sotheby's International Realty
Listing Agent Erik Berg-Johansen DRE#02061242
Co-Listing Agent Chris Richardson DRE#01200458

Interior Features

Laundry Information
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Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Erik Berg-Johansen, Chris Richardson, Richardson Sotheby's International Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 6:36 PM 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.