22937 I ST
Santa Margarita, CA, 93453
$2,000,000
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.
Current real estate data for Single Family in Santa Margarita as of Mar 11, 2026
10
Single Family Listed
167
Avg DOM
550
Avg $ / SqFt
$1,170,390
Avg List Price
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
Schools
School District:
Atascadero Unified
Interior
Appliances
MW, GO
Bathrooms
2 Full Bathrooms
Cooling
SEE
Flooring
SEE, CARP
Laundry Features
SEE
Exterior
Architectural Style
RAN
Community Features
PSV
Construction Materials
WOD
Other Structures
SBL, BA
Parking Spots
2
Financial
Map
Contact Us
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Community
- Address22937 I ST Santa Margarita CA
- SubdivisionSanta Margarita In Town(70)
- CitySanta Margarita
- CountySan Luis Obispo
- Zip Code93453
Subdivisions in Santa Margarita
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 $550. The average listing price for Single Family in Santa Margarita is $1,170,390. To schedule a showing of MLS#pi25273543 at 22937 I ST in Santa Margarita, CA, contact your Outland and Associates / JoAnn Outland agent at 8054417754.
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Full-time Real Estate Broker, sold 1400+ Properties in SLO and SBC County. 40+ years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending…
More About JoAnn
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 Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland 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