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Paso Robles, CA

$2,900,000

1985 Penman Springs, Paso Robles, CA
3
Beds
3
Baths
3,634
Sq Ft
2002
Built
35
Days listed

About this home

An extraordinary opportunity to own a fully established winery business and vineyard estate in one of Paso Robles’ most coveted locations—just minutes from downtown yet immersed in sweeping vineyard views and serene countryside living. Set on 42± acres, this remarkable property includes the Penman Springs Vineyard brand, all inventory, and operational assets, offering a seamless transition for the next owner. Approximately 29± acres are planted to premium varietals, including but not limited to Cabernet Sauvignon, Petit Verdot, and Merlot, creating both immediate production potential and long-term value. At the heart of the estate is a 3,600± square-foot residence featuring 3 bedrooms, 2.5 bathrooms, an office, cellar room, and bonus room, thoughtfully designed to embrace both comfort and architectural distinction. The primary suite occupies the upper level, showcasing an open-concept layout with a private lounging area, walk-in closet, and ensuite bath. Vaulted ceilings, a fireplace in the living room, and walls of windows frame panoramic vineyard views from nearly every room. All guest bedrooms are located on the lower level, offering privacy and functionality. A wrap-around deck invites you to relax and take in the sun-soaked vistas, while a three-car garage provides ample storage and convenience. The property includes a tasting room, public restroom, temperature-controlled cased goods storage, and inviting paver patios designed for guest enjoyment and events. Supporting infrastructure includes four wells, two septic systems, and a detached 1,200± sf workshop/barn, offering versatility for agricultural or creative use. This rare offering is ideal for the vineyard enthusiast seeking to live and operate their own winery, or as an exceptional estate residence with the potential to lease out the vineyard and tasting room for additional income. This is a truly special Paso Robles estate where lifestyle, legacy, and opportunity converge.

Facts & features

Interior
Bedrooms
3
Bathrooms
2 full, 1 half
Living area
3,634 sq ft
Interior features
Built In Features, Balcony, Eat In Kitchen, Open Floorplan, Pantry, Main Level Primary, Walk In Closets
Appliances
Dishwasher, Gas Range, Refrigerator, Water Heater
Fireplace
Gas, Living Room
Heating
Central
Cooling
Central Air
Laundry
Laundry Closet
Levels
Two
Spa
None
Exterior & lot
Lot size
42.12 acres (1,834,747 sq ft)
Pool
None
View
Hills, Panoramic, Vineyard
Year built
2002
Parking
Driveway, Garage, Gravel
Parking spaces
3
Community
Area
PRSE - PR South 46-East 101
County
San Luis Obispo
Community features
Rural
Listing details
Status
Active
Property type
Single Family Residence
Days on market
35
Listed
2025-12-02
Terms
Cash, Cash To New Loan
Parcel #
020161008
MLS #
NS26011389
Listed by
Jessica Baker · Oaks to Ocean Real Estate

Location

Price history

Listed
$2,900,000 · 2025-12-02
Days on market
35
Current price
$2,900,000
Financing

Could this home be yours?

Estimated monthly payment
$18,192
$14,664 principal & interest · $3,528 taxes & insurance
$580,000
Estimate only
Loan $2,320,000

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Estimated value range nearby
$4,793,674$5,627,356

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Listing data provided by CRMLS

Listing courtesy of Oaks to Ocean Real Estate. © 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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