Welcome to Rancho de las Agua Preciosa, Ranch of the Precious Water! Tucked away near Avila Valley, are two amazing homes on over 28 acres of your slice of heaven, and only 10 minutes away to the beach or downtown SLO. Currently operating as a successful vacation rental (with a transferable grandfathered in license), live in one home (or none!) and rent the other VRBO or long term, host events, invite the whole family over, the sky is the limit! The elegant and majestic main house, on the main level, boasts 3 bedrooms, 2 bathrooms, a formal dining room, laundry, a family room with wood-burning stove, a spacious kitchen, and a large enclosed patio, perfect for large parties. Overlooking the beautiful lush trees and greenery, upstairs you will find a second family room with 3 more bedrooms and 2 additional bathrooms with a balcony. Under the twinkling stars on a cool evening, enjoy your outdoor deck with a large mineral spring "healing water" spa and large sauna listening to the soothing creek for the ultimate relaxation! The second home offers an upstairs 1 bedroom suite with a full-size kitchen and fireplace, and downstairs offers a two-room suite or office, with a kitchenette, laundry facilities, soaking tub with an infrared sauna, and an amazing private garden with an additional outdoor spa. Perfect home with tons of space and potential to make it whatever you want!