Unique Lifestyle and Development Opportunity
This approximately 8-acre property backs to the expansive Santa Margarita Ranch, offering privacy, open space, and a truly special setting. An existing single-level, ranch-style residence of approximately 2,300 square feet sits on a one-acre parcel and features three bedrooms, two bathrooms, thoughtful updates, a pool, a horse barn, and paddocks. The remaining acreage is zoned for one-acre parcels. Upon finalization of the subdivision map, the property will consist of six one-acre lots, with five currently undeveloped, providing the rare opportunity to reside in the existing home while developing and building the remaining homesites. A compelling blend of immediate enjoyment and future potential in one of Santa Margarita’s most desirable locations.
This approximately 8-acre property backs to the expansive Santa Margarita Ranch, offering privacy, open space, and a truly special setting. An existing single-level, ranch-style residence of approximately 2,300 square feet sits on a one-acre parcel and features three bedrooms, two bathrooms, thoughtful updates, a pool, a horse barn, and paddocks. The remaining acreage is zoned for one-acre parcels. Upon finalization of the subdivision map, the property will consist of six one-acre lots, with five currently undeveloped, providing the rare opportunity to reside in the existing home while developing and building the remaining homesites. A compelling blend of immediate enjoyment and future potential in one of Santa Margarita’s most desirable locations.
Property Details
Price:
$2,000,000
MLS #:
PI25273543
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Santa Margarita In Town70
Neighborhood:
smrgsantamargarita
Listed Date:
Jan 5, 2026
Finished Sq Ft:
2,368
Lot Size:
351,094 sqft / 8.06 acres (approx)
Year Built:
1952
See this Listing
Schools
School District:
Atascadero Unified
Interior
Appliances
MW, GO
Bathrooms
2 Full Bathrooms
Cooling
SEE
Flooring
SEE, CARP
Interior Features
CF
Laundry Features
SEE
Levels
A
Main Level Bathrooms
2
Main Level Bedrooms
3
Exterior
Accessibility Features
SEE
Architectural Style
RAN
Attached Garage YN
1
Common Walls
NCW
Community Features
PSV
Construction Materials
WOD
Garage Spaces
2
Other Structures
SBL, BA
Parking Spots
2
Parking Total
2
Patio And Porch Features
CO
Spa Features
NO
View
HI, MT, PA
Financial
Map
Community
- Address22937 I ST Santa Margarita CA
- SubdivisionSanta Margarita In Town(70)
- CitySanta Margarita
- CountySan Luis Obispo
- Zip Code93453
Subdivisions in Santa Margarita
Market Summary
Current real estate data for Single Family in Santa Margarita as of Apr 05, 2026
9
Single Family Listed
194
Avg DOM
471
Avg $ / SqFt
$1,267,000
Avg List Price
Property Summary
- Located in the Santa Margarita In Town(70) subdivision, 22937 I ST Santa Margarita CA is a Single Family for sale in Santa Margarita, CA, 93453. It is listed for $2,000,000 and features 3 beds, 2 baths, and has approximately 2,368 square feet of living space, and was originally constructed in 1952. The current price per square foot is $845. The average price per square foot for Single Family listings in Santa Margarita is $471. The average listing price for Single Family in Santa Margarita is $1,267,000.
Similar Listings Nearby
Courtesy of Richardson Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.22937 I ST
Santa Margarita, CA