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Lot/land
  • Price cut: $1.2M (3/15)
    $4,325,000

    370 Hemi Rd, Arroyo Grande, CA 93420

    --beds
    --baths
    107.31Acres
    Agriculture
    Built in ----
    107.31 Acres Lot
    $3,436,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Favorable microclimate
    The property consists of approximately 70+/- acres of producing agricultural land planted to a mix of avocado and lemon orchards. Approximately 9.8 acres are planted with mature avocados, 33 acres are planted with mature lemon trees, and about 27 acres are planted with lemons established in 2020. This diverse planting mix offers a balance of stable, current production from the mature orchards along with long-term upside potential from the younger lemon plantings as they continue to progress toward full maturity and higher yields. According to the owner, the orchards have not required wind machines since the initial planting, suggesting a favorable microclimate that may help reduce both operating expenses and future capital improvement costs. The property offers two potential home site locations with ocean views, including one site already equipped with water and power. A recently remodeled single-story residence provides modern comfort while preserving the charm and character of a rustic farmhouse aesthetic. In addition to the existing home, the property features multiple elevated building site opportunities showcasing sweeping ocean and valley views. A substantial +/-5,000 square foot shop building further enhances the functionality of the ranch and includes a working shower and bathroom. Altogether, this versatile offering is well-suited for buyers seeking both dependable agricultural income and exceptional residential lifestyle potential.
    7 days
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    195
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    4
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    Zillow last checked: 7 hours ago

    Listing updated: March 17, 2026 at 05:27am

    Listed by:

    Jim Stollberg DRE#: 02282911 805-310-9322,

    Rincon Corporation

    Source: North Santa Barbara County MLS,MLS#: 26000482MLS Logo

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Ocean, Panoramic
      • Has water view: Yes
      • Water view: Ocean
      Lot
      • Size: 107.31 Acres
      • Features: Other Agriculture, Orchard(s), Other Improvements
      Details
      • Parcel number: 047311003
      • Zoning description: Coastal,Rural Land,Residential Rural,Res Agriculture,Agricultural
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well, Well (Pump Installed)
      • Utilities for property: Electricity Connected, Propane

      Community & HOA

      Location
      • Region: Arroyo Grande

      Financial & listing details

      • Tax assessed value: $3,574,781
      • Annual tax amount: $38,043
      • Date on market: 3/15/2026
      • Cumulative days on market: 8 days
      • Listing terms: New Loan,Cash
      • Electric utility on property: Yes

        Estimated market value

        $3,436,800

        $2.72M - $4.30M

        $2,798/mo

        Price history

        Price history
        DateEventPrice
        3/15/2026Price change$4,325,000-21.3%
        Source: North Santa Barbara County MLS #26000482 Report a problem
        2/15/2024Listed for sale$5,495,000
        Source: CRMLS #PI23135163 Report a problem
        12/16/2023Pending sale$5,495,000
        Source: CRMLS #PI23135163 Report a problem
        8/14/2023Listed for sale$5,495,000+105.4%
        Source: CRMLS #PI23135163 Report a problem
        9/24/2019Sold$2,675,000-0.9%
        Source: CRMLS #PI19134390 Report a problem
        9/3/2019Pending sale$2,700,000
        Source: Allan Real Estate Investments #PI19134390 Report a problem
        9/3/2019Listed for sale$2,700,000
        Source: Allan Real Estate Investments #PI19134390 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$38,043 +25.4%$3,574,781 +23.6%
        2024$30,335 +1.2%$2,891,403 +2%
        2023$29,988 -1.7%$2,834,710 +2%
        2022$30,492 +4.3%$2,779,129 +2.8%
        2021$29,244 +1.2%$2,702,713 +1%
        2020$28,910 +1122.1%$2,675,000 +1100%
        2019$2,366 +1.3%$222,923 +2%
        2018$2,336 +2%$218,553 +2%
        2017$2,291 +6.1%$214,269 +2%
        2016$2,159 +0%$210,069 +1.5%
        2015$2,159 $206,914

        Find assessor info on the county website

        BuyAbility℠ payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 93420

        Nearby schools

        GreatSchools rating

        Local experts in 93420