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San Luis Obispo, CA

$3,450,000

1498 O'Connor Way, San Luis Obispo, CA
4
Beds
3
Baths
2,400
Sq Ft
1930
Built
424
Days listed

About this home

Nestled in the heart of San Luis Obispo, California, the Historic O’Connor Ranch 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.

Facts & features

Interior
Bedrooms
4
Bathrooms
2 full, 1 half
Living area
2,400 sq ft
Interior features
Breakfast Bar, Separate Formal Dining Room, Eat In Kitchen, High Ceilings, Multiple Staircases, Pantry, Unfurnished, French Doors Atrium Doors, Utility Room
Appliances
Double Oven, Electric Cooktop, Electric Oven, Electric Range, Freezer, Disposal, Refrigerator
Fireplace
Living Room
Heating
Central
Cooling
None, Zoned
Laundry
Common Area
Levels
Two
Spa
None
Exterior & lot
Lot size
189 acres (8,232,840 sq ft)
Pool
None
View
Bluff, Canyon, Mountains
Architectural style
Colonial
Year built
1930
Parking
Gravel
Parking spaces
1
Community
Area
699 - Not Defined
County
San Luis Obispo
Community features
Biking, Hiking, Horse Trails, Stables, Hunting, Mountainous
Listing details
Status
Active
Property type
Single Family Residence
Days on market
424
Listed
2025-03-24
Original price
$4,200,000
Terms
Conventional
Parcel #
067061031
MLS #
SC25063085
Listed by
Rea Callender · California Outdoor Properties, Inc.

Location

Price history

Listed
$4,200,000 · 2025-03-24
Price reduced
$3,450,000 (−$750,000)
Days on market
424
Current price
$3,450,000
Financing

Could this home be yours?

Estimated monthly payment
$21,643
$17,445 principal & interest · $4,198 taxes & insurance
$690,000
Estimate only
Loan $2,760,000

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Estimated value range nearby
$1,899,397$2,229,727

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Listing data provided by CRMLS

Listing courtesy of California Outdoor Properties, Inc.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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