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San Luis Obispo 93446
1985 Penman Springs
$2,900,000
● Land - For Sale

1985 Penman Springs

Paso Robles, CA 93446
bedrooms
Studio
bathrooms
0 Bath
$14,240
Est. Monthly

About This Property

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.
Unit Size
-
Days on Market
237 days
Land Size
42.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2002

Listed By

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Last updated: 7 months ago (CRMLS #NS26011354)

Price History

Date / Event Date Event Price
Dec 2, 2025 Listed by Oaks to Ocean Real Estate $2,900,000
Listed by Oaks to Ocean Real Estate

Property Highlights

Air Conditioning
Interior Details
Laundry Features: Laundry Closet
Exterior Details
Square Footage Source: $0
Year Built: 2002
Building Area Total: 4834
Other Structures: LivingQuarters
Building Area Units: Square Feet
Lot Features: Agricultural, Corner Lot
Lot Size Area: 1834747
Lot Size Units: Square Feet
Lot Size Acres: 42.12
Lot Size Square Feet: 1834747
Water Source: Well
Utilities Details
Cooling Type: Central Air
Heating Type: Central

Building Info

Overview

    General

  • Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 10
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,834,747
  • Total Building Area: 3,634
  • Gross Building Area: 3,634
  • Building Area: 3,634
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,634
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANTA YSABEL RHO
  • Land Acres: 0000042120
  • Standard Land Use Code: 1001
  • County Land Use Code: 164
  • State Land Use Code: 027
  • Legal Description 1: RHO STA YSBL PTN LT 19

Neighborhood

  • School District Name: Paso Robles Joint Unified School District
  • Census Tract: 010302

Zoning

  • Zoning: AG

Geography

  • Parcel: 020-161-008
  • Lot: 19
  • Municipality: OUTSIDE CITY OF PASO ROBLES
  • Latitude: 35.6269
  • Longitude: -120.615

    Address

  • Full Address: 1985 Penman Springs Rd
  • Address - House Number: 1985
  • Address - Street Name: Penman Springs
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Paso Robles
  • Carrier Code: R005
  • 4-Digit Zip Code: 9362
  • Zip Code: 93446

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,099,412
  • Tax Rate Code Area: 104-001

    Appraisal Valuation

  • Standard Deviation: 0.2222
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 69
  • Final Value: 2,187,597
  • High Value: 2,673,789
  • Low Value: 1,701,404

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,031,642
  • Assessed Land Value: $271,564
  • Assessed Improvements Value: $760,078

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 1996
  • Current Sale Recording Date: Aug 13, 1996
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 1996-040329
  • Previous Sale Recording Date: Sep 16, 1994
  • Previous Sale Contract Date: Jun 26, 1994
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: 36

    Previous Mortgages

  • Previous Mortgage Lender:
  • Previous Mortgage Transaction Date:
  • Previous Mortgage Loan Amount:
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 1985 Penman Springs Road built and last sold?
The property at 1985 Penman Springs Road was built in 2002 and last sold on Jul 31, 1996 for $625,000.
How much is this home worth?
The estimated value of the home located at 1985 Penman Springs Road is $2,929,000.
What are some comparable homes to 1985 Penman Springs Road?
There are currently no comparable homes to 1985 Penman Springs Road.