5161 Vineyard Drive
About This Property
Privately nestled among gently rolling hills and expansive pastures, the property is dotted with ancient oak trees, mature walnut trees, and natural flora, creating a peaceful and visually captivating environment. Designed with versatility, the land is fenced for agriculture and features multiple water sources, including reservoirs and seasonal creeks.
One of the most distinctive aspects of the estate is its private airstrip and two aircraft hangars-a rare and increasingly difficult feature to replicate, offering direct aviation access for effortless arrivals and departures.
Improvements on the property are both abundant and thoughtfully positioned. The 5,022± sq. ft. main residence serves as a private sanctuary, with the entire upper floor dedicated to a primary suite that overlooks the surrounding hills and vineyards. The 1,129± sq. ft. guest house includes a wine cellar and game room, ideal for entertaining. A separate 1,126± sq. ft. manager's quarters offers flexibility for staff, multigenerational living, or rental income.
Additional structures include barns/workshops, equipment storage and horse stalls, making the property well-suited for equestrian use, ranching, or other agricultural endeavors. The land's topography and soil also lend themselves well to vineyard development, especially given its location within the renowned Templeton Gap AVA-known for its coastal breezes, and ideal growing conditions.
The ranch is also enrolled in the Williamson Act, helping preserve its agricultural heritage and offering substantial property tax advantages.
Whether you're seeking a serene family compound, a working ranch, a destination-worthy wine country retreat, or an aviation-accessible legacy estate, this property offers a rare combination of character, functionality, and natural splendor.
Surrounded by world-class wineries and just minutes from the acclaimed tasting rooms, restaurants, and boutique shops of downtown Paso Robles, this one-of-a-kind offering must be seen to be fully appreciated. Schedule your private tour today and discover the soul of the Central Coast.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Price Decreased |
$5,750,000
↓ $750K
(11.5%) | |
| Price Decreased | |||
| Jul 30, 2025 | Price Decreased |
$6,500,000
↓ $900K
(12.2%) | |
| Price Decreased | |||
| May 2, 2025 | Listed by eXp Realty of California, Inc. | $7,400,000 | |
| Listed by eXp Realty of California, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017