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For sale
  • Listing Provided by: Oaks to Ocean Real Estate
    $2,900,000

    1985 Penman Springs Rd, Paso Robles, CA 93446

    3beds
    3,634sqft
    : 
    Single Family Residence
    Built in 2002
    42.12 Acres Lot
    $2,725,200 Zestimate®
    $798/sqft
    $-- HOA

    What's special

    Ensuite bathSweeping vineyard viewsCellar roomBonus roomWalk-in closetPrivate lounging areaVaulted ceilings
    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.
    14 days
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    1,124
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    43
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    Zillow last checked: 7 hours ago

    Listing updated: March 23, 2026 at 04:39pm

    Listing Provided by:

    Jessica Baker DRE #01955079 805-610-3586,

    Oaks to Ocean Real Estate,

    Summer Ramos DRE #01992070 949-842-0467,

    Oaks to Ocean Real Estate

    Source: CRMLS,MLS#: NS26011389MLS LogoOriginating MLS: California Regional MLS

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 1
      Rooms
      • Room types: Family Room, Primary Bedroom, Office, Other
      Primary bedroom
      • Features: Main Level Primary
      Bathroom
      • Features: Soaking Tub, Separate Shower
      Kitchen
      • Features: Kitchen Island
      Other
      • Features: Walk-In Closet(s)
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Range, Refrigerator, Water Heater
      • Laundry: Laundry Closet
      Features
      • Built-in Features, Balcony, Eat-in Kitchen, Open Floorplan, Pantry, Main Level Primary, Walk-In Closet(s)
      • Has fireplace: Yes
      • Fireplace features: Gas, Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 3,634 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Driveway, Garage, Gravel
      • Garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: main
      • Patio & porch: Deck, Porch, Wrap Around
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: Hills, Panoramic, Vineyard
      Lot
      • Size: 42.12 Acres
      • Features: Agricultural, Back Yard, Corner Lot
      Details
      • Additional structures: Outbuilding, Workshop
      • Parcel number: 020161008
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Sewer: Septic Type Unknown
      • Water: Well
      • Utilities for property: Electricity Connected, Propane, Water Connected

      Community & HOA

      Community
      • Features: Rural
      Location
      • Region: Paso Robles

      Financial & listing details

      • Price per square foot: $798/sqft
      • Tax assessed value: $1,042,804
      • Annual tax amount: $11,148
      • Date on market: 3/13/2026
      • Cumulative days on market: 14 days
      • Listing terms: Cash,Cash to New Loan
      • Inclusions: all brand assets, inventory, real estate
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        Estimated market value

        $2,725,200

        $2.59M - $2.86M

        $4,002/mo

        Price history

        Price history
        DateEventPrice
        3/13/2026Listed for sale$2,900,000+364%$798/sqft
        Source: CRMLS #NS26011389 Report a problem
        8/13/1996Sold$625,000+31.6%$172/sqft
        Source: Public Record Report a problem
        9/16/1994Sold$475,000$131/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$11,148 +0.3%$1,042,804 +0.6%
        2024$11,113 +0.3%$1,036,740 +0.5%
        2023$11,076 +0.7%$1,031,642 +1%
        2022$10,994 +2.1%$1,021,518 +2%
        2021$10,772 +1.1%$1,001,059 +1.1%
        2020$10,660 +0.8%$990,640 -59.7%
        2019$10,579 +3.3%$2,458,150 +158.3%
        2018$10,238 +5.4%$951,751 +0.7%
        2017$9,715 +2.4%$945,494 +2.4%
        2016$9,484 $923,207 +3.6%
        2015$9,484 $890,952

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $17,393/mo
        Principal & interest
        $14759
        Property taxes
        $2634
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          Climate risks

          Neighborhood: 93446

          Getting around

          14 / 100
          Car-Dependent
          3 / 100
          Somewhat Bikeable

          Nearby schools

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          Local experts in 93446

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