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Nipomo, CA

$8,000,000

1520 Highway 1, Nipomo, CA
502
Days listed

About this home

Sellers will entertain a lease/purchase option to allow lessee to improve the property prior to purchase. Perfectly located for residential development or agricultural operation. Three parcels totaling 189 acres. Gently sloped parcels are prime for development or farming. Spectacular ocean and valley views from the bluffs overlooking the Santa Maria Valley. The three parcels are adjacent to Trilogy and could possibly be developed for housing in the future. Farm it now while development plans are created. Check with county for development options. Clear Phase 1 Environmental Study in hand. Sandy Loam soil is excellent for many different crops. Put your numbers together and let's make a deal. Information deemed reliable, buyer to verify.

Facts & features

Exterior & lot
Lot size
189 acres (8,232,840 sq ft)
View
Ocean, Valley
Community
Area
NPMO - Nipomo
County
San Luis Obispo
Community features
Rural
Listing details
Status
Active
Property type
Land
Days on market
502
Listed
2024-10-25
Original price
$8,750,000
Terms
Cash, Cash To New Loan
Parcel #
092031018
MLS #
SC24220334
Listed by
Bruce Freeberg · The Real Estate Group
805-801-5063Bfreeberg@gmail.comDRE #01771947

Location

Price history

Listed
$8,750,000 · 2024-10-25
Price reduced
$8,000,000 (−$750,000)
Days on market
502
Current price
$8,000,000
Financing

Could this home be yours?

Estimated monthly payment
$50,186
$40,452 principal & interest · $9,733 taxes & insurance
$1,600,000
Estimate only
Loan $6,400,000

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Listing data provided by CRMLS

Listing courtesy of The Real Estate Group. © 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 27, 2026 Equal Housing Opportunity.

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