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2135 Live Oak Rd
Paso Robles, CA 93446
$15,500,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5258
Property Description
This exquisite 163.33 +/- acre, two parcel property is a gem nestled in the sought-after Paso Robles' Westside. Live Oak Vineyards graces the renowned Paso Robles Willow Creek AVA, surrounded by esteemed wineries and picturesque vineyards, presenting an unparalleled estate and vineyard prospect. The terrain is gently rolling, offering breathtaking panoramic views, while the 65.49 +/- acre vineyard consistently yields some of the region's finest wines. Comprising Chardonnay, Viognier, Cabernet Franc, Cabernet Sauvignon, and Petite Verdot, this vineyard is contracted with leading wineries on the Central Coast. The grandeur of the custom-built Main Home Estate unfolds with impeccable design and meticulous craftsmanship evident from the moment you step inside. Boasting 3,060 +/- sf, 2 bedrooms, 2 bathrooms, plus an office, this residence features an open and spacious floor plan with high open-beamed ceilings, wooden beams, ceramic tile, and hardwood flooring throughout. The chef's dream kitchen, complete with granite countertops, high-end appliances, a walk-around pantry, and a center island with bar seating, is ideal for entertaining. The living area, adorned with a beautiful wood-burning fireplace and built-in wood storage, creates a cozy ambiance on chilly evenings. The primary suite offers access to the back balcony, and the primary bathroom includes a walk-in closet, two vanities, a walk-in tile shower, and a wall gas stove. A covered breezeway leads from the kitchen to the 2-car garage, housing a finished, temperature-controlled wine storage room and a laundry room. The charming two-story barn-style guest house, built in 1981, spans 2,210 +/- sf with granite counters, wood cabinets, and hardwood flooring. The upper level comprises an open living area, kitchen, den, half bathroom, primary bedroom, and primary bathroom. Downstairs, the spacious garage area, utility room, half bathroom, and workroom provide additional functionality. Adjacent to the breezeway, guest quarters feature a living area, two bedrooms, and one three-quarter bathroom. A solar system covers both the main and guest homes and the domestic well, reducing energy costs. There are also 60 Arbequena Spanish Olive trees that produce great olive oil. Vineyards, mesmerizing views, a prime location, privacy, an estate home, a retreat—this property encapsulates it all. Seize the opportunity to own this extraordinary property today; it's a once-in-a-lifetime chance you won't want to miss!
Property Information
Lot Size
7,114,654 sqft square ft
Property Type
Residential
Year Built
1981
MLS Number
NS23231100
Location
Address
2135 Live Oak Rd
City
Paso Robles
State
CA
Zip Code
93446
County
SAN LUIS OBISPO
Listing
Provider
RE/MAX Parkside Real Estate, original listing
Name
RE/MAX Parkside Real Estate
Phone
(805) 239-3310
Office Name
RE/MAX Parkside Real Estate
Office Phone
(805) 239-3310
Agent Name
Carolyn McNairn

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.