1235 Shane Lane
About This Property
The home welcomes you with a warm and inviting atmosphere, highlighted by two fireplaces - one in the main living room creating a cozy focal point for gatherings, and another in the primary bedroom offering a private retreat for relaxation. Large windows invite natural light throughout the interior while framing views of the surrounding landscape.
The backyard is truly exceptional, designed for both recreation and relaxation. Enjoy a private tennis court, a small putting green, and a batting cage - creating a unique space for sports enthusiasts and entertaining alike. A detached outdoor gazebo provides the perfect vantage point to overlook the grounds and unwind while taking in the serene surroundings. Beautiful landscaping enhances the property throughout, supported by extensive sprinkler systems, while a raised garden bed offers an ideal opportunity for anyone with a green thumb to cultivate their own garden oasis.
A private well provides water for irrigation across the property, helping maintain the lush outdoor environment, while the residence is serviced by Templeton Community Services District utilities.
With its outdoor amenities and prime location near downtown Templeton and within the heart of wine country - a destination many travel to experience - this property presents strong potential as a vacation rental opportunity (buyer to verify local regulations). Convenient access to local restaurants, wineries, and Paso Robles amenities further enhances its appeal.
This is a rare opportunity to experience the best of Central Coast living - whether as a primary residence, weekend retreat, or investment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2026 | Sold | ||
| Sold | |||
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by eXp Realty of California, Inc. | $1,219,900 | |
| Listed by eXp Realty of California, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017