1498 O'Connor Way, San Luis Obispo, CA 93405
1498 O'Connor Way, San Luis Obispo, CA 93405
Property Description
Nestled in the heart of San Luis Obispo, California, the Historic O’Connor Ranch 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.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
San Luis Obispo · Single Family Residence
Listed 60.5% above the median closed sale of $2,150,000. Price per sqft ($1,438) is a 79% premium to closed comps ($805). Closed comps sold at 91% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 Skylark | San Luis Obispo | 1962 | 4 | 3 | 2,399 | 10,624 | $698 | $1.68M | 220 | 64 |
| 342 Tresana Lane | San Luis Obispo | 2017 | 4 | 3 | 2,281 | 5,688 | $657 | $1.50M | 20 | 64 |
| 123 Ramona | San Luis Obispo | 1953 | 4 | 3 | 2,180 | 6,190 | $594 | $1.29M | 138 | 64 |
| 263 Bridge Street | San Luis Obispo | 2019 | 3 | 3 | 2,094 | 5,343 | $597 | $1.25M | 25 | 60 |
| 1974 San Luis Ranch | San Luis Obispo | 2023 | 4 | 4 | 1,869 | 2,400 | $562 | $1.05M | 42 | 58 |
| Total: 5 · Average | 3.8 | 3.2 | 2,164.6 | 6,049 | $621.6 | $1.35M | 89 | |||
| Median | 2,180 | $1.29M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1739 Conejo Avenue | San Luis Obispo | 1949 | 09/03/2026 | 3 | 3 | 2,421 | 11,250 | $2.23M | $2.19M | $905 | 0.98 | 22 | 64 |
| 4375 Rustic Way | San Luis Obispo | 1995 | 08/25/2026 | 4 | 4 | 2,300 | 418,176 | $3.49M | $2.23M | $967 | 0.64 | 286 | 63 |
| 1040 Capistrano Court | San Luis Obispo | 1989 | 08/21/2026 | 4 | 4 | 2,644 | 8,500 | $1.70M | $1.67M | $630 | 0.98 | 29 | 61 |
| 251 Chorro | San Luis Obispo | 1965 | 09/03/2026 | 3 | 3 | 2,697 | 8,000 | $2.20M | $2.15M | $797 | 0.98 | 86 | 60 |
| 2072 Royal Way | San Luis Obispo | 1997 | 08/20/2026 | 4 | 4 | 2,883 | 50,530 | $2.17M | $2.10M | $727 | 0.96 | 32 | 58 |
| Total: 5 · Average | 3.6 | 3.6 | 2,589 | 99,291.2 | $2.07M | $2.07M | $805.2 | — | 91 | ||||
| Median | 2,644 | $2.15M | $2.15M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.