This 1938 Ranch has a lot of possibilities! This 7.3 acre ranch could be a multigenerational family compound, development opportunity, farm, investment or horse property. There are so many ways this property can be used. Split into 5 single parcels call city to confirm. There is a 2 bedroom house with 2 bathrooms, living room with very intricate woodwork and a rock wood burning fireplace with a cabin feel, kitchen, bonus room with french doors leading out to large front deck, part of the main house has been converted into an attached 1 bedroom 1 bath apartment with a full kitchen and laundry. There is a detached Studio with an area for a kitchenette, 3/4 bath, Living room, Bedroom area and a large deck with two entrances. There is also a very large detached garage/storage room with a bonus room that could be an office and a seperate 3/4 bath. This building is currently being used as storage and an art studio. This garage is approximately 1,000 Sq. Ft. it has upgraded electrical, large picture windows, and a sliding glass door. This building offers a lot of possibilities. The lower section of the property is prime farmland, great for garden, fruit trees or a large pasture. The NEW Owner will need to connect to city Sewer and water, located at the bottom of driveway. Property is being sold "AS IS" Pest Report and Home Inspection have been done, Seller will not do any other reports and no repairs. Seller will provide a Home warranty. Seller has repaired the plumbing issue's called out on the home inspection.
Single-familyProperty Type
1938Year Built
7.32 acresLot Size
$1,051Est. Price/Sq.Ft.
Listed by Cynthia Harrigan•DRE #02000329• Century 21 Masters
Contact: 805-441-6300
Bought with General NONMEMBER•DRE #02082955• NONMEMBER MRML
This 1938 Ranch has a lot of possibilities! This 7.3 acre ranch could be a multigenerational family compound, development opportunity, farm, investment or horse property.This property can be split into up to (5) 1 acre plus lots. Buyer to check with city of Arroyo Grande to verify. There is a 2 bedroom 2 Bathroom home, Living Room with very intricate woodwork and a wood burning rock fireplace, kitchen, a bonus room with french doors out to a large front deck, part of the home has been converted into an attached 1 bedroom 1 bath apartment with a full kitchen and laundry. There is a detached studio with an area for kitchenette, 3/4 bath, living room, bedroom area and a large deck.The garage is approximately 1,000 Sq. Ft. it has upgraded electrical, large picture windows, and front door. This building offers a lot of possibilities. The lower section of the property is prime farmland, great for a garden, fruit trees or a large pasture. The new owner will have to connect to city sewer and water,located at the bottom of driveway. The property is being sold 'AS IS' seller will do no reports or repairs. Seller will provide a home warranty.
CRMLS #PI23057877
Jan 9, 2024
Sold
$1,600,000
$965/sq ft
Jan 2, 2024
Pending
—
Oct 29, 2023
Contingent
—
Oct 4, 2023
Price Changed
$1,650,000
$995/sq ft
Jul 3, 2023
Price Changed
$1,774,000
$1,070/sq ft
Jul 3, 2023
Relisted
—
Jun 5, 2023
Contingent
—
May 3, 2023
Price Changed
$1,799,000
$1,085/sq ft
Apr 10, 2023
Listed
$1,899,000
$1,145/sq ft
CRMLS #NS22100957
Jan 20, 2023
Listing Removed
—
May 18, 2022
Listed
$1,899,000
$1,145/sq ft
CRMLS #PI21258526
Apr 11, 2022
Listing Removed
—
Mar 28, 2022
Price Changed
$1,950,000
$1,176/sq ft
Dec 2, 2021
Listed
$1,999,000
$1,206/sq ft
CRMLS #PI21186723
Apr 11, 2022
Listing Removed
—
Mar 28, 2022
Price Changed
$1,950,000
$1,176/sq ft
Dec 2, 2021
Price Changed
$1,999,000
$1,206/sq ft
Sep 9, 2021
Price Changed
$2,400,000
$1,448/sq ft
Aug 23, 2021
Listed
$2,500,000
$1,508/sq ft
CRMLS #PI21186748
Apr 11, 2022
Listing Removed
—
Mar 28, 2022
Price Changed
$1,950,000
$1,176/sq ft
Dec 2, 2021
Price Changed
$1,999,000
$1,206/sq ft
Sep 9, 2021
Price Changed
$2,400,000
$1,448/sq ft
Aug 23, 2021
Listed
$2,500,000
$1,508/sq ft
CRMLS #PI20089623
Jul 28, 2020
Listing Removed
—
May 11, 2020
Listed
$1,750,000
$1,055/sq ft
NSBCRMLS #20000484
Apr 13, 2020
Listing Removed
—
Feb 27, 2020
Listed
$1,750,000
$1,055/sq ft
CRMLS #PI20042849
Apr 6, 2020
Listing Removed
—
Feb 27, 2020
Listed
$1,750,000
$1,055/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$17,433 (+1,404.5%)
$1,040,400 + $624,240
$1,664,640
2024
$1,159 (+1.2%)
$1,020,000 + $612,000
$1,632,000
2023
$1,145 (+1.5%)
$64,398 + $45,419
$109,817
2022
$1,128 (+0.2%)
$63,136 + $44,529
$107,665
2021
$1,126 (+1.2%)
$61,899 + $43,656
$105,555
2020
$1,113 (+0.7%)
$60,686 + $42,800
$103,486
2019
$1,105 (+1.2%)
$60,064 + $42,362
$102,426
2018
$1,092 (+1.7%)
$58,887 + $41,532
$100,419
2017
$1,074 (+5.9%)
$56,601 + $39,920
$96,521
2016
$1,014 (+0.8%)
$56,601 + $39,920
$96,521
2015
$1,006 (+3.8%)
$55,492 + $39,138
$94,630
2014
$969 (+0.3%)
$53,589 + $37,796
$91,385
2013
$966 (+2.0%)
$53,347 + $37,626
$90,973
2012
$947
$53,347 + $37,626
$90,973
Tax history for 587 Valley Rd
Year
Property tax
Land + Additions
Assessment*
2025
$17,433 (+1,404.5%)
$1,040,400 + $624,240
$1,664,640
2024
$1,159 (+1.2%)
$1,020,000 + $612,000
$1,632,000
2023
$1,145 (+1.5%)
$64,398 + $45,419
$109,817
2022
$1,128 (+0.2%)
$63,136 + $44,529
$107,665
2021
$1,126 (+1.2%)
$61,899 + $43,656
$105,555
2020
$1,113 (+0.7%)
$60,686 + $42,800
$103,486
2019
$1,105 (+1.2%)
$60,064 + $42,362
$102,426
2018
$1,092 (+1.7%)
$58,887 + $41,532
$100,419
2017
$1,074 (+5.9%)
$56,601 + $39,920
$96,521
2016
$1,014 (+0.8%)
$56,601 + $39,920
$96,521
2015
$1,006 (+3.8%)
$55,492 + $39,138
$94,630
2014
$969 (+0.3%)
$53,589 + $37,796
$91,385
2013
$966 (+2.0%)
$53,347 + $37,626
$90,973
2012
$947
$53,347 + $37,626
$90,973
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7.32 Acres
Year renovated
—
Sq. Ft.
954
Year built
1938
Style
Other
County
San Luis Obispo County
APN
006-095-025
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
RH
INLAND AREA
SOUTH COUNTY PLANNING AREA
SAN LUIS BAY INLAND SUB AREA SOUTH
Residential Hillside District
The primary purpose of the RH district is to provide for and protect rural atmosphere and lifestyles, as well as to provide for protection of existing hillside areas in accordance with general plan policies. This district is intended as an area for development of low density, large lot, single-family detached and small lot single-family detached residential dwelling units at a maximum density of one dwelling unit per 1.5 gross acres. Cluster development is encouraged in order to protect the environment. Other uses may be considered through a planned unit development or similar mechanism.
Zone overlays
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Winery & vineyard
Day care facility
Housing-Single unit
Housing-Senior
Housing-Other
Recreation
Agriculture-Grove / orchard / vineyard
Park & open space
Property details
Parking
Parking / Garage Information
Driveway - Unpaved, On Site, Uncovered, Workshop
Has Parking
Interior
Laundry Information
Has Laundry
Gas & Electric Dryer Hookup, Inside, Washer Hookup
Kitchen Information
Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Has Appliances
Bathroom Information
# of Baths (Full): 2
Shower, Shower in Tub
Room Information
All Bedrooms Down, Bonus Room, Living Room, Main Floor Bedroom
Fireplace Information
Living Room, Wood Stove Insert
Has Fireplace
Flooring Information
Carpet, Vinyl, Wood
Heating Information
Fireplace, Wall Heater
Has Heating
Interior Features
Levels: One
Main Level Bathrooms: 4
Main Level Bedrooms: 3
Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
Window Features: Double Pane Windows
Exterior
Exterior Information
Structure Type: House
Roof: Metal
Other Structures: Guest House Detached, Out Building, Shed, Storage Building
Fencing: Fair Condition
Has Fence
Construction Materials: Wood
Foundation Information
Foundation Details: Raised
Exterior Features
Awning, Corral, Stable
Patio And Porch Features: Deck, Wood
Has Patio
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre, Garden, Gentle Slope, Horse Property, Lot Over 40000 Sqft, Near Public Transit, Pasture, Utilities - Overhead
Property Information
Total # of Units: 3
Accessibility Features: Grab Bars in Bathroom(s), Ramp - Main Level
Common Walls: No Common Walls
Living Area Source: Assessor's Data
Parcel Number: 006095025
Has View
Year Built Source: Assessor
Financial
Assesments Information
Assessments: Unknown
Utilities
Utilities Information
Sewer: Septic Type Unknown
Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
Water Source: Agricultural Well, Shared Well
Location
Neighborhood Information
Community Features: Biking, Rural
School Information
Elementary School: Harloe
Middle Or Junior School: Paulding
High School: Arroyo Grande
High School District: Lucia Mar Unified
Elementary School 2: HARLO
Middle Or Junior School 2: PAULD
High School 2: ARRGR
Location Information
Latitude: 35.11130500
Longitude: -120.57777900
Other Subdivision Name: West of 101(1000)
Directions: Turn off of Valley Rd. onto Castillo Del Mar, turn right at first gate on right. Gate will be open.
Road Frontage Type: Access via City Streets
Road Surface Type: Paved
Subdivision Name: West of 101(1000)
Zoning: RR
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 954
Stories: 1.0
Lot Size: 7.32 acres
Style: Other
Year Built: 1938
Year Renovated: —
County: San Luis Obispo County
APN: 006-095-025
Home facts updated by county records on Aug 17, 2026
Other
Listing Information
IDX Contact Info: 805-441-6300
Days Active in MLS: 201
Continuous Days Active in MLS: 679
Listing Agent Information
List Agent First Name: Cynthia
List Agent Last Name: Harrigan
Listing Office Information
List Office Name: Century 21 Hometown Realty, Arroyo Grande Office
Selling Agent Information
Buyer Agent First Name: General
Buyer Agent Last Name: NONMEMBER
Selling Office Information
Buyer Office Name: NONMEMBER MRML
Around this home
Schools
Harloe Elementary School
Public K-6 • Assigned • 0.8mi
7/10
Paulding Middle School
Public 7-8 • Assigned • 1.1mi
6/10
Arroyo Grande High School
Public 9-12 • Assigned • 0.4mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 80° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Arroyo Grande, CA • 93420
Average low and high temperatures (°F)
66
46
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48
70
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67
49
69
49
69
51
67
53
73
52
72
55
71
52
66
48
67
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$1.66M – $2.01M
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