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5650 El Pharo Drive
About This Property
The main home welcomes you with a striking blend of stone facade, stucco, black-trimmed windows, and mature landscaping. Inside, soaring ceilings, skylights, and wood-trimmed windows fill the space with natural light and warmth. The open-concept great room is both elegant and inviting, anchored by a wood-burning stove and seamless hard-surface flooring throughout.
The dining area captures unforgettable views, while the chef's kitchen is outfitted with Thermador appliances, granite countertops, abundant cabinetry, pantry storage, a commercial-grade sink, and a functional U-shaped island with bar seating.
Designed for exceptional indoor-outdoor living, the home opens to an entertainer's paradise with a pergola-covered patio, a heated in-ground sports pool with a vanishing-edge feel, an above-ground spa, manicured grounds, and stunning wine country views. Evenings bring spectacular sunsets and the rare opportunity to watch rocket launches from Vandenberg.
The primary suite offers a peaceful retreat with picturesque outlooks and a spa-inspired ensuite featuring a soaking tub, walk-in shower, dual vanity, and linen storage. A 300-bottle temperature-controlled wine cellar adds a luxurious touch for collectors and enthusiasts alike. Two additional bedrooms, two baths, and indoor laundry complete the main level.
Upstairs, vaulted ceilings continue the home's charm, offering a spacious family/bonus room, office, and additional bedroom, all positioned to take in the enchanting scenery.
Both residences may be used as vacation rentals, with potential to add up to three additional ADUs, making this a rare investment opportunity as well as a private retreat. Additional amenities include owned solar, RV hookups, and ample room to expand.
Ideally located just minutes from Cass Winery and Rava Wines, and 15 minutes from downtown Paso Robles, this is a rare opportunity to own a wine country estate offering scale, flexibility, income potential, and unforgettable views. This is luxury rural living at its finest.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Sold | ||
| Sold | |||
| Jul 9, 2026 | Relisted | $1,799,000 | |
| Relisted | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Price Decreased |
$1,799,000
↓ $51K
(2.8%) | |
| Price Decreased | |||
| Mar 10, 2026 | Listed by Christie's International Real Estate Sereno | $1,850,000 | |
| Listed by Christie's International Real Estate Sereno | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017