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1498 O'Connor Way San Luis Obispo, CA ^$ 3,450,000

1498 O'Connor Way

^$ 3,450,000

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1498 O'Connor Way

San Luis Obispo, CA, 93401

^$ 3,450,000

Bedrooms2 Baths2.0 Sq 2,400

Monthly Estimate*

^$ 21,524

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Single Family Home for sale in San Luis Obispo, CA

for $3,450,000 with 2 bedrooms and 2 full baths. This 2,400 square foot home was built in 1930 on a lot size of 187.9.

Nestled in the heart of San Luis Obispo, this 189-acre estate was once part of the historic O'Connor Ranch, a property featured in History of San Luis Obispo County. Offering breathtaking views, including a portion of Cerro Romualdo, one of the famed "Seven Sisters," this ranch blends rich history with modern potential.The property includes multiple residences, barns, and outbuildings, providing endless opportunities. The main home exudes historic charm, complemented by a second farmhouse, bunkhouse, rustic cabin, and two barns. A large structure could easily be converted into a 12-stall barn with a one-acre arena, ideal for equestrian pursuits. Currently used for cattle grazing, the estate also offers multiple income streams. Just 10 minutes from downtown San Luis Obispo, 15 minutes from Morro Bay, and within a few hours of major cities, this rare property is perfect as a family compound, working ranch, or weekend retreat. Own a piece of SLO history while enjoying modern comforts in a stunning rural setting.

Single Family Active

Price

^$ 3,450,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Colonial

Lot Size

187.9

Year Built

1930

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

225035124

Features

General

Sewer Septic Connected

Heating Central

Cooling Ceiling Fan(s)

Utilities Electric

Roof Wood Metal

Appliances Built-In Electric Oven Built-In Electric Range Free Standing Refrigerator Disposal Double Oven Electric Cook Top

HOA Fee 0

Garage Spaces 1.0

Architectural Style Colonial

Construction Materials Wood

Year Built 1930

Electric 220 Volts

View Canyon Other Mountains

Stories Count 2

Levels Two

Property Subtype Single Family Residence

Elevation 0

County San Luis Obispo

Property Type Residential

HOA N

Other Structures Barn(s) Shed(s)

Total Rooms 0

Full Baths 2

Close Price 0.0

Status Active

Directions Use Google Maps: Coordinates: 35.3044 -120.7309. From North: Hwy 101 in San Luis Obispo to Foothill Blvd.; Continue on Foothill until you get to O'Connor Way. Turn Rt. to address.

City San Luis Obispo

Senior Community Y/N N

High School District Other

Zoning Description SFR

Open Parking Spaces 5.0

MLS Area San Luis Obispo Coun

Lot Size Square Feet 8184924.0

Carport Spaces 0.0

Home Warranty Y/N N

Standard Status Active

Middle/Junior School District Other

Elementary School District Other

Year Built Source Owner

Interior

Flooring Tile

Total Fireplaces 1

Fireplace Features Living Room

Laundry Features Inside Area

Total Bedrooms 2

Entry Level 0

Kitchen Features Laminate Counter

Total Baths 2

1/2 Baths 0

Bedrooms Possible 3

Living Room Features Great Room

Dining Room Features Space in Kitchen

Exterior

Fencing Barbed Wire

Parking Features RV Access RV Possible Detached

Lot Features Shape Regular

Water Source Private

Total Parking 0.0

Foundation Details Block PillarPostPier

Spa N

Lot Dimensions San Luis Coastal

Lot Size Acres 187.9

Private Pool N

Lot Size Source Not Verified

Horse Y/N Y

Horse Amenities None

Internal Only

Street Number 1 1498

* Excluded Features

List By

California Outdoor Properties, Inc.

Broker

Outdoorprop@yahoo.com

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$21,524

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Monthly Principal & Interest: $21,524
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in San Luis Obispo, CA

Average List Price ^$1,381,940

Percent of Sale Price 60%

About San Luis Obispo, CA

47,311 Population

11% Since 2002

^$55,617 Median Income

30.28 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

295416 Elementary School

295437 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/1/2025	$3,450,000	-13.64%	Price Down
8/8/2025	$3,995,000	-4.88%	Price Down
3/25/2025	$4,200,000		Listed Price

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1498 O'Connor Way, San Luis Obispo, CA, 93401 is a Single Family Home for sale at $3,450,000 with 2,400 sqft and a lot size of 187.9. 1498 O'Connor Way has 2 bedrooms, 2.0 baths, and was built in 1930. The property's zip code is 93401 which is in San Luis Obispo, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/18/2025.

Property information, real estate data and other informational content on this Site is provided in part by the Internet Data Exchange program of MetroList Services, Inc., a California corporation (“MetroList”).

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

Data is updated as of 12/18/2025.
CA DRE #02088790
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1498 O'Connor Way

Single Family Home for sale in San Luis Obispo, CA

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