Santa Margarita (SMRG) Homes under $800,000

Welcome to Santa Margarita, a hidden gem nestled in the heart of San Luis Obispo County, California. This charming community offers a unique blend of picturesque landscapes, rich history, and a welcoming atmosphere that makes it an ideal place to call home. With its rolling hills, lush vineyards, and serene surroundings, Santa Margarita provides a tranquil escape from the hustle and bustle of city life, while still being conveniently located near major highways and attractions.

Santa Margarita is known for its friendly residents and vibrant local culture. Enjoy outdoor activities such as hiking, biking, and horseback riding in the nearby Los Padres National Forest, or indulge in wine tasting at the local vineyards. The town also hosts various community events throughout the year, fostering a strong sense of connection among neighbors.

For those seeking affordable housing options, Santa Margarita presents a fantastic opportunity. With homes listed under $800,000, you can find a variety of charming properties that cater to different lifestyles and preferences. Whether you're looking for a cozy cottage, a modern family home, or a spacious ranch-style property, Santa Margarita has something to suit your needs. Many of these homes feature beautiful outdoor spaces, perfect for enjoying the stunning California weather and breathtaking views.

Discover the allure of Santa Margarita, where a vibrant community and affordable living come together in perfect harmony. Embrace the opportunity to create lasting memories in this enchanting town, where your dream home awaits!

Newest Santa Margarita (SMRG) Homes under $800,000

$749,900

NS26217037 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

$749,900

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

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

$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

$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

$154,800

2 Beds ⋅ 1 Baths ⋅ MB26099130 MLS ⋅ Active Status

**There is no water pump on the property but they are getting water from the community services for free** Attention all future rancheros searching for a ranch, this is it! This is a very quiet area and desirable to have horses, chickens, goats, and more in the beautiful Valley of Santa Margarita Area. **Buyer(s) to be aware Well is currently non-functional and requires replacement/repair. Property is being sold “As-Is” but is in Move In Condition.**

14355 Bella, Santa Margarita

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.