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Land with Home for Sale in San Luis Obispo, California

1498 O'Sconnor Way, San Luis Obispo, CA 93405

$3,450,000
189 acres
Active
$545k drop
Est $18,945/mo

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, CA
  • Views
  • 5 Residences
  • Multifamily
  • 12 Stall Horse Barn
  • Fenced for Cattle
  • Centrally located ten minutes from downtown San Luis Obispo
  • 15 minutes from the ocean and popular Morro Bay
2,400
Sq feet
4
Beds
2
Full baths

Location

Street address
1498 O'Sconnor Way
Elevation
325 feet
Coordinates
35.3062, -120.7307

Property details

Acreage
189 acres
Posted

Parcels

  • 067-061-031

Resources

Listing history

DateEventPriceChangeSource
Nov 3, 2025Price drop$3,450,000$545,000 -13.6%Listing agent
Aug 9, 2025Price drop$3,995,000$205,000 -4.9%Listing agent
Mar 26, 2025New listing$4,200,000Listing agent
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This 189-acre property is located at 1498 O'Sconnor Way in San Luis Obispo, CA 93405. The property is available for sale for $3,450,000. It has a 2,400 sq ft 4 bedroom, 2 bath house.

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