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1985 Penman Springs Rd, Paso Robles, CA, 93446

3beds
3baths
3,634sqft
$2,900,000
$798price/sqft
$18,577/moest. monthly cost
$743,080/yrincome needed

About This Home

An extraordinary opportunity to own a fully established winery business and vineyard estate in one of Paso Robles’ most coveted locations—just minutes from downtown yet immersed in sweeping vineyard views and serene countryside living. Set on 42± acres, this remarkable property includes the Penman Springs Vineyard brand, all inventory, and operational assets, offering a seamless transition for the next owner. Approximately 29± acres are planted to premium varietals, including but not limited to Cabernet Sauvignon, Petit Verdot, and Merlot, creating both immediate production potential and long-term value. At the heart of the estate is a 3,600± square-foot residence featuring 3 bedrooms, 2.5 bathrooms, an office, cellar room, and bonus room, thoughtfully designed to embrace both comfort and architectural distinction. The primary suite occupies the upper level, showcasing an open-concept layout with a private lounging area, walk-in closet, and ensuite bath. Vaulted ceilings, a fireplace in the living room, and walls of windows frame panoramic vineyard views from nearly every room. All guest bedrooms are located on the lower level, offering privacy and functionality. A wrap-around deck invites you to relax and take in the sun-soaked vistas, while a three-car garage provides ample storage and convenience. The property includes a tasting room, public restroom, temperature-controlled cased goods storage, and inviting paver patios designed for guest enjoyment and events. Supporting infrastructure includes four wells, two septic systems, and a detached 1,200± sf workshop/barn, offering versatility for agricultural or creative use. This rare offering is ideal for the vineyard enthusiast seeking to live and operate their own winery, or as an exceptional estate residence with the potential to lease out the vineyard and tasting room for additional income. This is a truly special Paso Robles estate where lifestyle, legacy, and opportunity converge.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

6/10
--
7/10
Paso Robles High SchoolGrades 9-123.2 mi

Construction

Condition

  • Year built: 2002

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range,Refrigerator,Water Heater
  • Laundry features: Laundry Closet

Bathroom

  • Features: Soaking Tub,Separate Shower

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Features

  • Built-in Features,Balcony,Eat-in Kitchen,Open Floorplan,Pantry,Main Level Primary,Walk-In Closet(s)
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 3,634 sqft

Kitchen

  • Features: Kitchen Island

Master Bedroom

  • Features: Main Level Primary

Other

  • Features: Walk-In Closet(s)

Property

Details

  • Parcel number: 020161008
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: main
  • Pool features: None
  • Patio & porch: Deck,Porch,Wrap Around
  • Spa features: None
  • Has view: Yes
  • View description: Hills,Panoramic,Vineyard

Lot

  • Lot size: 42.12 Acres
  • Features: Agricultural,Back Yard,Corner Lot

Parking

  • Total spaces: 3
  • Parking features: Driveway,Garage,Gravel
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Drought
    DroughtVery High
  • Inland Flooding
    Inland FloodingVery High
  • Earthquake
    EarthquakeRelatively High
  • Wildfire
    WildfireRelatively High
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Drought
Inland Flooding
Earthquake
Wildfire
Heat Wave
Landslide

FEMA Declared Disasters in San Luis Obispo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,663$175,956
Home Insurance *$551$6,612
Property Taxes $2,584$31,008
Electricity $779$9,351
Total$18,577$222,924
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$636,925/yr
40% on housing$557,310/yr
45% on housing$495,386/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$798This listing

vs Other Active Listings

Avg $/sqft

ZIP 93446$499
San Luis Obispo County$559

vs Homes Sold Last Month

Median $/sqft

ZIP 93446$452
San Luis Obispo County$522

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-13Listed for sale$2,900,000
1996-08-13Sold$625,000
1994-09-16Sold$475,000

For Sale by Agent

AgentJessica Baker
BrokerageOaks to Ocean Real Estate

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