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1985 Penman Springs, Paso Robles, CA 93446

$2.9M3bd · 3ba · 3,634 sqft
Lot 1,834,747 sqft•Single Family Residence•
Active
•212d on market•MLS# NS-26011389

Property Description

An extraordinary opportunity to own a fully established winery business and vineyard estate in one of Paso Robles’ most coveted locations—just minutes from downtown yet immersed in sweeping vineyard views and serene countryside living. Set on 42± acres, this remarkable property includes the Penman Springs Vineyard brand, all inventory, and operational assets, offering a seamless transition for the next owner. Approximately 29± acres are planted to premium varietals, including but not limited to Cabernet Sauvignon, Petit Verdot, and Merlot, creating both immediate production potential and long-term value. At the heart of the estate is a 3,600± square-foot residence featuring 3 bedrooms, 2.5 bathrooms, an office, cellar room, and bonus room, thoughtfully designed to embrace both comfort and architectural distinction. The primary suite occupies the upper level, showcasing an open-concept layout with a private lounging area, walk-in closet, and ensuite bath. Vaulted ceilings, a fireplace in the living room, and walls of windows frame panoramic vineyard views from nearly every room. All guest bedrooms are located on the lower level, offering privacy and functionality. A wrap-around deck invites you to relax and take in the sun-soaked vistas, while a three-car garage provides ample storage and convenience. The property includes a tasting room, public restroom, temperature-controlled cased goods storage, and inviting paver patios designed for guest enjoyment and events. Supporting infrastructure includes four wells, two septic systems, and a detached 1,200± sf workshop/barn, offering versatility for agricultural or creative use. This rare offering is ideal for the vineyard enthusiast seeking to live and operate their own winery, or as an exceptional estate residence with the potential to lease out the vineyard and tasting room for additional income. This is a truly special Paso Robles estate where lifestyle, legacy, and opportunity converge.

Features & Amenities

FeeBuilt 2002

Property Details

Land Type
Fee
Year Built
2002
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
3
Heating
Central
Cooling
Central Air
View
Hills, Panoramic, Vineyard
City
Paso Robles
Zip Code
93446
County
San Luis Obispo
Listed byOaks to Ocean Real Estate, Jessica Baker

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$14,663.98
Principal & Interest
Loan Amount
$2,320,000
Total Interest
$2,959,032
Total Payment Over 30 Years
$5,279,032
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1985 Penman Springs, Paso Robles, CA 93446

Paso Robles · Single Family Residence

$2.9M
Luxury Tier
Beds
3
Baths
3
Sqft
3,634
Lot
42.12 ac
Year
2002
$/Sqft
$798
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed 65.7% above the median closed sale of $1,750,000. Price per sqft ($798) is a 15% premium to closed comps ($691). Expect a longer timeline — comps averaged 143 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.90M· $798/sqft
Total list price
Closed comps
vs closed median $1.75M
+$1.15M (+65.7%)
Active comps
vs active median $1.90M
+$1.00M (+53.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $586
+$212 (+36.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
329 Cool ValleyPaso Robles2008443,45518,731$477$1.65M4469
7010 Wilderness LanePaso Robles1993343,8692,300,839$840$3.25M22968
7568 CrestonPaso Robles1991433,3521,007,107$565$1.90M13165
4960 Glenhill LanePaso Robles2002433,833423,839$638$2.44M14260
5750 Ground Squirrel HollowPaso Robles1982433,41377,537$410$1.40M6053
Total: 5 · Average3.83.43,584.4765,610.6$586$2.13M121.2
Median3,455$1.90M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1545 Willow CreekPaso Robles197809/30/2026243,1502,785,662$4.59M$4.00M$1,2700.8720276
1885 CumbrePaso Robles199805/12/2026453,645305,356$2.50M$2.83M$7751.131470
110 11thPaso Robles200909/16/2026333,24921,344$1.65M$1.64M$5061.0020155
775 Via Del SalinasPaso Robles200405/29/2026443,547101,059$1.75M$1.75M$4931.005854
1505 Barley GrainPaso Robles198907/15/2026443,415227,819$1.50M$1.40M$4100.9324153
Total: 5 · Average3.44.03,401.2688,248$2.32M$2.32M$690.8—143.2
Median3,415$1.75M$1.75M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.