Santa Margarita (SMRG) Homes under $1.25 million

Rare Santa Margarita Opportunity-Two Homes on One Acre. Rarely does an opportunity like this come to market! This versatile property features two separate homes, offering an exceptional combination of rental income, multi-generational living, guest accommodations, or future investment potential. The main residence offers 3 bedrooms and 2 bathrooms across approximately 1,080+/- square feet, along with a detached two-car garage and plenty of usable outdoor space. A separate 1-bedroom plus office, 2-bath 804+/- square foot guest home provides additional flexibility and opportunity. Both residences are currently tenant occupied, generating a combined $2,375 per month in rental income ($1,350/month for the main home and $1,025/month for the guest home) and boast separately metered utilities, providing immediate income for an investor while preserving the potential to enhance the property's value over time. The approximately one-acre setting offers room to spread out, with potential space for horses and other rural lifestyle uses. Enjoy the charm and community of Santa Margarita while remaining conveniently located near San Luis Obispo, Paso Robles, Atascadero, and the Central Coast. Whether you're looking for an income-producing investment, a property for extended family, or a unique opportunity to own multiple residences on one parcel, this rare Santa Margarita offering deserves a closer look. If you're looking to add even more land and a third home, check out the neighboring property at 22815 I Street, Santa Margarita also being offered for sale at $699,900. MLS#NS26216088. BONUS- The sellers are open to considering seller financing for 5-7 years with 20-30% down at only a 4% interest on at least one of these parcels

22817 I, Santa Margarita

$749,900

5 Beds ⋅ 4 Baths ⋅ NS26217018 MLS ⋅ Coming Soon Status

Rare Santa Margarita Opportunity-Two Homes on One Acre. Rarely does an opportunity like this come to market! This versatile property features two separate homes, offering an exceptional combination of rental income, multi-generational living, guest accommodations, or future investment potential. The main residence offers 3 bedrooms and 2 bathrooms across approximately 1,080+/- square feet, along with a detached two-car garage and plenty of usable outdoor space. A separate 1-bedroom plus office, 2-bath 804+/- square foot guest home provides additional flexibility and opportunity. Both residences are currently tenant occupied, generating a combined $2,375 per month in rental income ($1,350/month for the main home and $1,025/month for the guest home) and boast separately metered utilities, providing immediate income for an investor while preserving the potential to enhance the property's value over time. The approximately one-acre setting offers room to spread out, with potential space for horses and other rural lifestyle uses. Enjoy the charm and community of Santa Margarita while remaining conveniently located near San Luis Obispo, Paso Robles, Atascadero, and the Central Coast. Whether you're looking for an income-producing investment, a property for extended family, or a unique opportunity to own multiple residences on one parcel, this rare Santa Margarita offering deserves a closer look. If you're looking to add even more land and a third home, check out the neighboring property at 22815 I Street, Santa Margarita also being offered for sale at $699,900. MLS#NS26216088. BONUS- The sellers are open to considering seller financing for 5-7 years with 20-30% down at only a 4% interest on at least one of these parcels

22817 I, Santa Margarita

$699,900

3 Beds ⋅ 2 Baths ⋅ NS26216088 MLS ⋅ Active Status

Private Acreage Living with Sweeping Santa Margarita Ranch Views. Set on approximately one acre and tucked away on a desirable flag lot, this spacious 3-bedroom, 2-bath home offers the perfect blend of privacy, comfort, and breathtaking views. From the moment you step inside, the open and inviting floor plan draws you toward the spectacular scenery beyond. The living room takes full advantage of the setting, while the covered back porch and a patio provide the perfect place to enjoy your morning coffee, unwind after a long day, or entertain. The desirable split-wing floor plan offers privacy and functionality, with the primary suite thoughtfully separated from the additional bedrooms. The spacious primary retreat features a huge walk-in closet, providing an abundance of storage and everyday convenience. Outside, the possibilities are endless. With approximately an acre of land, there is plenty of room to enjoy the peaceful surroundings, create outdoor living spaces, garden, entertain, or work from home with 5 garage/carport structures. The 2 car garage nearest the home measures 24'x25' while across the driveway is a metal garage that's 22'x30' long next to a stick built garage that's 24'x24'. The two sizable carports are 20'x20' and 18' x 26' deep. This place is calling your name, schedule to see it for yourself! If you're looking for even more land and for 2 additional homes, the neighboring 1 acre property is also being offered for sale at $749,900 MLS#NS26217018. BONUS- the seller is willing to consider carrying papers for at least one of these properties with 20-30% down, due in 5-7 years at 4% interest!

22815 I, Santa Margarita

$175,000

2 Beds ⋅ 2 Baths ⋅ NS26208708 MLS ⋅ Active Status

Just Listed in the desirable town of Santa Margarita! Welcome to 9712 Pinal Ave #B7, a spacious 2-bedroom, 2-bath manufactured home offering approximately 1,152 square feet of living space in the Santa Margarita Mobile Home Park, within close proximity to the Downtown and Park. This home features a comfortable floor plan with generous living areas, a cozy fireplace, and plenty of room to make the space your own. The kitchen is at the heart of the home, and a hallway leads to two good sized bedrooms. The primary bedroom has its own half bath. Conveniently located within the community and close to local shops, restaurants, schools, and the surrounding outdoor recreation Santa Margarita has to offer. A great opportunity for those looking for an affordable home in a small-town setting and short commute to San Luis Obispo.

9712 Pinal Unit B7, Santa Margarita

$749,000

3 Beds ⋅ 2 Baths ⋅ PI26205312 MLS ⋅ Active Status

Turnkey Santa Margarita Gem with Huge Lot & ADU Potential. 22540 K Street is a beautifully modernized, move-in-ready 3-bedroom, 2-bathroom home where classic character meets contemporary design. The sun-drenched, open-concept layout features durable luxury vinyl plank flooring and a seamless flow from the welcoming living room into a fully upgraded kitchen boasting quartz countertops and stainless-steel appliances. The private primary suite features its own dedicated en-suite bath, while two additional bright bedrooms offer plenty of versatility for a home office, guests, or family. Outdoor Living: Step out to a spacious covered patio perfect for alfresco dining and weekend entertaining. Endless Possibilities: The massive backyard features convenient alley access—ideal for building an ADU, parking an RV or boat, or creating your dream garden. The Location: Enjoy peaceful, small-town charm with easy highway access to San Luis Obispo, Atascadero, and Paso Robles wine country.

22540 K, Santa Margarita

$895,000

5 Beds ⋅ 2 Baths ⋅ SC26195369 MLS ⋅ Active Status

TWO FULLY DETACHED HOMES ON ONE LOT in the heart of downtown Santa Margarita! This unique property delivers incredible flexibility for an owner-user, investor, multi-generational living setup, or anyone looking for additional rental income—all just minutes from San Luis Obispo. The front home features two bedrooms, an open living area flowing into the kitchen with breakfast bar, and upstairs bedrooms with access to multiple private decks. A long driveway provides generous off-street parking, and the home has its own laundry and air conditioning. Completely separate from the front residence, the rear home enjoys its own private entrance, driveway and carport with convenient alley access. The kitchen opens to the living area, while upstairs you'll find three bedrooms, each with its own deck. The rear home also features its own laundry and air conditioning. The fully gated property is filled with inviting outdoor spaces, including beautifully maintained landscaping, multiple patios, decks and storage sheds—creating plenty of room to entertain, relax and enjoy the Central Coast lifestyle. With two independent homes, separate access and no shared interior connection, the possibilities are exceptional: live in one and rent the other, create a dedicated space for extended family, or take advantage of the property's income potential. Located just blocks from Santa Margarita Elementary, the library, local market, restaurants, wine tasting rooms and everything that makes downtown Santa Margarita special—all while being approximately 15 minutes from San Luis Obispo. Two homes, one property, endless possibilities.

22363 H, Santa Margarita

$960,000

3 Beds ⋅ 2 Baths ⋅ NS26192825 MLS ⋅ Active Status

Welcome to 22460 F Street in Santa Margarita, a 3-bedroom, 2-bath home offering 1,612± sq ft of living space on a spacious 15,000± sq ft lot, highlighted by an incredible backyard with multiple entertaining areas, a pool, lush landscaping & beautiful views toward Santa Margarita Ranch and the western mountain ranges. Step inside to an expansive living room featuring a large picture window, wood-burning fireplace with a gas starter & stone mantel, & exposed beams & wood plank ceilings that continue into the kitchen & dining areas. The kitchen offers tile countertops, tile backsplash, upper cabinetry & a window overlooking the front yard, while the adjoining dining area creates an easy connection between the main living spaces. Just beyond the kitchen is the laundry room with a pantry cabinet, additional upper storage, & garage access. The spacious primary suite features a sliding glass door that opens to its own shaded porch, while the primary bath includes dual sinks & a soaking tub with handheld shower capability. Two additional guest bedrooms are located down the hall along with the guest bathroom. Three separate mini-split systems provide added comfort, with units located in the living room, primary bedroom & one guest bedroom. The backyard is where this property truly stands out. An above-ground pool is surrounded by a raised wood deck overlooking Santa Margarita Ranch. A dedicated BBQ deck sits adjacent to a stone paver patio beneath a mature fruitless mulberry tree with a tire swing. The expansive landscaped lawn is accented by palms, river rock, established plantings & a fountain centerpiece. Toward the rear of the property, a brick paver patio with pergola & string lights creates an inviting place to relax, entertain & take in views of the western mountain ranges and incredible sunsets. Additional exterior features include a separate fenced area currently used as a dog run, another fenced storage area with a shed, a pool shed, RV/boat parking along the side of the home, a large driveway & an oversized garage with a single garage door. The fenced front yard includes lawn, a mature fruitless mulberry shade tree, a peach tree & a welcoming front porch. A special Santa Margarita property offering character, space & an exceptional outdoor lifestyle!!

22460 F Street, Santa Margarita

$324,900

3 Beds ⋅ 2 Baths ⋅ PI26193383 MLS ⋅ Active Status

Escape the noise without giving up everyday convenience. Set on 2.5 fully fenced acres, this peaceful rural property offers exceptional privacy, open skies, and virtually no traffic noise. Established trees and landscaping create a natural buffer from the road, while neighboring homes are rarely visible from the house or yard. At night, the stars and Milky Way are spectacular. The surrounding hills make the drive home beautiful year round; lush green in winter, wildflower-covered in spring, golden in summer, and often glowing at sunrise and sunset. The home features 3 bedrooms and 2 bathrooms and is comfortable, cozy and thoughtfully updated. Recent improvements add to its functionality and appeal while maintaining the character of the home. The spacious great room and large kitchen are connected by a wide arched opening, creating a welcoming central gathering space, with a fireplace adding warmth on cool evenings. Two of the bedrooms are especially generous in size. Outdoor living is a highlight, with a large privacy-fenced backyard, covered front porch, back deck with hanging lights and speakers, multiple sitting areas, picnic spaces, handmade outdoor pizza oven, and room for a pool or pond. Established gardens include artichokes, asparagus, peaches, pluots, apples, pears, nectarine, mulberry, elderberries, grapes, blackberries, herbs and abundant flowers, along with a 10' x 20' greenhouse and irrigation throughout the property. An established beehive produces honey on-site. There is abundant usable space for animals, hobbies, storage and recreational equipment, including an approximately 1,500 sq. ft. canvas pole barn, one-car garage equipped with a Tesla powerwall, 10' x 10' Tuff Shed, pump house, storage shelter and chicken coop/run. Water is available in the majority of the property, with ample room for boats, RVs, trailers and more. A wonderful property for anything your rural living heart desires. it also offers reliable fixed-wireless internet, weekly trash service, direct package delivery, USPS parcel lockers and maintained community roads. The local elementary school is approximately 10 minutes away, with school transportation available for Atascadero middle and high school students. Conveniently located between Atascadero, Paso Robles, San Luis Obispo, Taft and Bakersfield, with access to both the US-101 and I-5 corridors. Space, privacy, quiet and the freedom to enjoy the outdoors—this is rural living at its most genuine.

14340 Del Rosa, Santa Margarita

$999,000

2 Beds ⋅ 2 Baths ⋅ SR26190614 MLS ⋅ Active Status

180 acres (PRIMARILY FLAT) in San Luis Obispo County with a gorgeous ranch home. Property is in excellent condition. New buyer to develop to their needs. Reduced Price reflects great value in today's tough real estate market. More details available so make appointment today to see this majestic property.

13750 Cuyama Highway, Santa Margarita

$1,100,000

4 Beds ⋅ 4 Baths ⋅ PI26158848 MLS ⋅ Active Under Contract Status

11.36 Acres | Custom Home | Pool | Guest Quarters | RV Hookups | Borders BLM Land. Escape to your own private retreat on 11.36 acres in the charming town of Santa Margarita. This exceptional property offers approximately 5 usable acres surrounding the home and an additional 6 acres extending behind the home, backing directly to BLM land for unmatched privacy and recreation. Built in 2003, this well-maintained home features 4 bedrooms, an office, 3 bathrooms, and guest quarters. In 2019, the owners invested approximately $18,000 in new flooring throughout the home. A covered breezeway connects the main residence to a finished bonus space with its own bathroom and separate entrance—ideal for guest quarters, multigenerational living, a home office, or potential rental income. This space connects to the finished 4-car garage, complete with drywall, cable and internet wiring, plumbing for a sink, and a dedicated mini water heater. The home is equipped with two A/C units (approximately six years old), two furnaces, and a fireplace, all professionally serviced on a regular basis. Enjoy your own front-yard oasis with a heated, jetted pool (3–7 feet deep) featuring a cover and a new pool pump, plus a 3-year-old hot tub. The pool is heated by its own 500-gallon leased propane tank. Additional features include an 800 gallon well producing approximately 11 GPM, a backup fire department well, 1,000-gallon owned propane tank, whole-house Generac generator with transferable warranty, and new septic leach lines. On the opposite side of the white fence is an additional portion of the property with its own driveway (shared with the neighboring parcel). Already improved with two full RV hookups featuring 100-amp electrical service, water, and sewer, this area presents exceptional potential for RV rental income, a future second residence (buyer to verify with the county), or the creation of a private family compound. This rare Santa Margarita property combines privacy, versatility, and income potential just minutes from town, with endless opportunities to make it your own.

6395 Parkhill Road, Santa Margarita

$199,999

2 Beds ⋅ 1 Baths ⋅ SC26108099 MLS ⋅ Active Status

Why rent when you can own?! Escape the noise and congestion without giving up the convenience of everyday living. Situated on 5 peaceful acres, this beautiful property offers exceptional privacy, wide-open skies, and virtually no traffic noise. The expansive land provides plenty of room for horses, farm animals, hobbies and outdoor activities, along with ample parking for RV"s, travel trailers, oversized vehicles, and more. At night, enjoy breathtaking views of the stars and the spectacular Milky Way. The surrounding hills create scenic and peaceful drive home, changing beautifully with the seasons-lush and green in winter, covered with colorful wildflowers in spring, golden in summer, and often glowing with stunning colors at sunrise and sunset. This peaceful home offers the perfect setting to enjoy the beauty and tranquility of country living while remaining within convenient reach of everyday amenities. The home features 2 bedroom 1 bathroom, providing comfortable and inviting space for relaxation and make your own. Whether you are looking for your first home or a place to enjoy wide-open space and natural beauty, this property offer's a unique opportunity to own a piece of California's beautiful countryside!

13470 De Sabla, Santa Margarita

$274,900

3 Beds ⋅ 4 Baths ⋅ MB26100169 MLS ⋅ Active Status

Attention!! FINANCING AVAILABLE BE CREATIVE all Investors, Builders, or anyone looking to make some profit in this opportunity. Here is your chance to build your dream ranch style home, this is what you have been waiting for. YOU CAN HAVE SOME HORSES, CHICKENS, AND MORE. This property is almost ready to be finished and occupied. Property is under construction but very close from being finished. Seller is very motivated!! Financing Available with good terms and down payment.

14555 Bellflower, Santa Margarita

Santa Margarita (SMRG) Homes under $1.25 million

Newest Santa Margarita (SMRG) Homes under $1.25 million