Rare Garden Farms opportunity on 1.4 completely flat, usable acres with two separate residences. Tucked into the close-knit and highly coveted Garden Farms community between Atascadero and Santa Margarita, this property offers a country feel with easy access to Highway 101 for commuting to San Luis Obispo or Paso Robles. The neighborhood is known for its friendly, connected atmosphere, with regular community gatherings and a genuine sense of place.
The property includes a 1956 two-bedroom, two-bath main home and a second two-bedroom, one-and-a-half-bath residence converted from a Dunn barn in the 1980s. Both homes are currently tenant occupied and offer separate utilities, interior laundry and wood-burning stoves. The main home has been more recently maintained with newer flooring and paint, while the barn residence offers an opportunity for renovation and personalization. The barn residence is recognized as a dwelling by the Assessor's Office but is not recognized as a permitted dwelling by the Building Department; buyers are encouraged to conduct their own due diligence regarding use and improvements.
The land is the real standout. The entire parcel is essentially flat, a rare find in Atascadero, and offers pasture areas behind both homes, mature trees, established landscaping, and apricot and apple trees. The property is fully fenced and has room for gardens, animals, recreation, or simply enjoying the space. Walnut Street provides the primary access, while additional frontage along El Camino Real provides convenient access to the rear of the property for animals, equipment, or other acreage needs.
The two separate septic systems add flexibility, with the main home's septic system replaced in 2021 and the barn home's septic system pumped and inspected at that time. With two existing homes, fully separate utilities, usable acreage, and a location that combines rural character with convenience, this property offers an uncommon opportunity for an investor, contractor, DIY buyer, or house-hacker willing to bring vision and improvements to the residences.
Pending
Listed by: eXp Realty of Greater Los Angeles, Inc. • Risa Brown • Contact: 805-549-0899
$849,000
16255 Walnut Ave, Atascadero, CA 93422
4beds
2,511sqft
Single Family Residence
Built in 1956
1.4 Acres Lot
$873,100 Zestimate®
$338/sqft
$-- HOA
What's special
- 25 days
- 187
- 2
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Risa Brown DRE #01926264 805-549-0899,
eXp Realty of Greater Los Angeles, Inc.
Source: CRMLS,MLS#: NS26183395
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 2
Rooms
- Room types: Kitchen, Laundry, Living Room, Other
Heating
- Wood Stove, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,511 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Uncovered spaces: 6
Features
- Levels: One,Two
- Stories: 1
- Entry location: front
- Pool features: None
- Spa features: None
- Fencing: Needs Repair
- Has view: Yes
- View description: Pasture, Trees/Woods
Lot
- Size: 1.4 Acres
- Features: Front Yard, Horse Property, Lot Over 40000 Sqft, Trees
Details
- Parcel number: 059482014
- Special conditions: Standard,Trust
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Septic Tank
- Water: See Remarks
- Utilities for property: Electricity Connected, Natural Gas Connected, Propane, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Rural
- Subdivision: Atsouth(30)
Location
- Region: Atascadero
Financial & listing details
- Price per square foot: $338/sqft
- Tax assessed value: $459,898
- Date on market: 8/20/2026
- Cumulative days on market: 25 days
- Listing terms: Cash to New Loan,Conventional
- Exclusions: Tenant personal property. Window coverings, portable AC and washer at 16255. Washer, dryer, Tuff Shed and horse stalls at 16255 1/2.
- Road surface type: Paved
Estimated market value
$873,100
$829,000 - $917,000
$3,883/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Pending sale | $849,000$338/sqft |
Source: | ||
| 8/27/2026 | Contingent | $849,000$338/sqft |
Source: | ||
| 8/21/2026 | Listed for sale | $849,000$338/sqft |
Source: eXp Realty #NS26182689 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $459,898 +2% |
| 2025 | $5,150 +4.9% | $450,882 +2% |
| 2024 | $4,912 +0% | $442,042 +2% |
| 2023 | $4,910 +1.3% | $433,376 +2% |
| 2022 | $4,849 +2% | $424,879 +2% |
| 2021 | $4,754 +1% | $416,549 +1% |
| 2020 | $4,705 +2% | $412,279 +2% |
| 2019 | $4,613 +2% | $404,196 +2% |
| 2018 | $4,523 +2% | $396,272 +2% |
| 2017 | $4,434 +2% | $388,503 +2% |
| 2016 | $4,347 | $380,887 +1.5% |
| 2015 | $4,347 +11.2% | $375,167 +2% |
| 2014 | $3,910 | $367,819 +2.5% |
| 2012 | -- | $358,979 +2% |
| 2011 | -- | $351,941 +0.8% |
| 2010 | -- | $349,312 +1.8% |
| 2008 | -- | $343,278 +2% |
| 2007 | -- | $336,548 +2% |
| 2006 | -- | $329,950 +2% |
| 2005 | -- | $323,481 +2% |
| 2004 | -- | $317,140 +1.9% |
| 2003 | -- | $311,328 +2% |
| 2002 | -- | $305,224 +32.7% |
| 2001 | -- | $230,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93422
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