$1,099,000
1575 Parkhill Road
Santa Margarita, CA
4bed3bath2,508sqft
Platinum Properties
Santa Margarita
Santa Margarita Real Estate
Browse homes for sale in Santa Margarita • Median $18,608
$18,608Median Price
30Avg Days on Market
37Land7Detached4Mobile Home2Row/Townhouse
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About Santa Margarita Real Estate
Nestled in the scenic hills of San Luis Obispo County, Santa Margarita is a charming small town that embodies the rustic beauty of California's Central Coast. Established in the mid-1800s, this community has preserved its historical charm while offering modern amenities. With a population that values a close-knit community, Santa Margarita's character is defined by its friendly residents, local artists, and small businesses. The town’s rich agricultural roots are evident in the surrounding landscapes filled with vineyards, ranches, and open spaces, making it a picturesque backdrop for those seeking a peaceful lifestyle away from the bustling city life.
What makes Santa Margarita truly unique is its blend of outdoor adventure and cultural experiences. The nearby Santa Margarita Lake offers recreational activities such as fishing, kayaking, and hiking, while the historic downtown area features quaint shops and eateries that highlight local craftsmanship. The community is also home to various annual events, such as the Santa Margarita Rodeo, which celebrates the town's ranching heritage and brings residents together in a spirited atmosphere. This vibrant mix of nature and culture appeals to diverse buyer types, from young families looking for a safe environment to retirees seeking tranquility.
The town's affordability, with a median listing price of just $20,000, presents a rare opportunity for buyers interested in land, detached homes, or mobile homes. With 39 active listings currently available, Santa Margarita offers a variety of choices for those looking to invest in a property that allows for personalization and development, especially for those interested in building their dream home in a serene setting. The average days on market is relatively high at 276 days, indicating a balanced market where buyers can take their time to explore their options without the pressure of fast-moving offers.
39 active listings with a median price of $20,000.
Lifestyle & Community
Living in Santa Margarita offers a laid-back lifestyle characterized by a strong sense of community and an appreciation for nature. The town's residents enjoy a slower pace of life, often engaging in outdoor activities such as hiking, biking, and exploring the nearby vineyards. Community events like farmers' markets and local festivals foster connections among neighbors, creating a welcoming atmosphere for both newcomers and long-time residents. The vibrant local culture, enriched by art and music, encourages residents to participate in various workshops and gatherings, promoting a sense of belonging.
Local Amenities
- Santa Margarita Lake
- Local wineries and vineyards
- Santa Margarita Community Park
- Historical downtown area with shops and eateries
- Annual Santa Margarita Rodeo
- Public library
- Community events and festivals
- Outdoor recreational activities
Points of Interest
- Santa Margarita Lake
- Santa Margarita Historical Society Museum
- Mission San Luis Obispo de Tolosa
- Creston Wine Trail
- Los Padres National Forest
- Historic downtown Santa Margarita
- Santa Margarita Ranch
- Local farmers' markets
Market Overview
The Santa Margarita real estate market currently reflects an interesting dynamic, with 39 active listings that primarily consist of land, detached homes, and mobile homes. Buyers should expect a unique market where affordability is a key highlight, as the median listing price stands at just $20,000. However, with an average of 276 days on the market, properties may require patience and careful consideration. The market is conducive for buyers looking to invest in land or properties that allow for customization, particularly in a community with such rich historical and natural appeal.
Investment Outlook
Investment opportunities in Santa Margarita are promising, especially for those interested in land development and rental markets. With a variety of property types available, buyers can explore options for building custom homes or investing in mobile home parks. The town’s affordability and unique location near recreational attractions make it an attractive option for long-term investment, particularly for those looking to capitalize on the growing interest in Central Coast living. Development trends indicate a potential for growth as more people seek out the tranquility of rural living.
Ideal For
Santa Margarita is ideal for first-time buyers looking for affordable housing options, families seeking a tight-knit community, and retirees desiring a peaceful lifestyle surrounded by nature. Investors will also find opportunities in land and custom home development, making this a versatile market for various buyer types.
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Santa Margarita market — live snapshot
Pulled directly from current MLS® data. Updated every page load.
Active listings
55
Median list price
$20K
Median $/sqft
$432
Price range (middle 50%)
$10K – $749K
Sold (12 months)
49
Median close price
$25K
Median sold $/sqft
$500
Sale-to-list ratio
96.6%
Price by bedroom — Santa Margarita actives
| Active | Median price | |
|---|---|---|
| 2 bed | 5 | $225K |
| 3 bed | 5 | $850K |
| 4 bed | 2 | $1.35M |
| 5+ bed | 2 | $2.07M |
| studio bed | 40 | $12K |
Property mix — Santa Margarita actives
| Active | Median price | |
|---|---|---|
| Land | 38 | $12K |
| Detached | 11 | $1.10M |
| Mobile Home | 5 | $215K |
| Other | 1 | $749K |
Most-listed neighborhoods in Santa Margarita
| Active | Median price | |
|---|---|---|
| The Preserve at Santa Margarita Ran | 7 | $799K |
| California Valley | 2 | $112K |
| North Carrizo Plains | 1 | $10K |
| Noth Carrizo Plain | 1 | $10K |
| West Carrizo Plains | 1 | $15K |
| Westside | 1 | $20K |
Santa Margarita closed sales — last 12 months
| Month | Closed | Median price | $/sqft |
|---|---|---|---|
| 2025-06 | 2 | $185K | $303 |
| 2025-07 | 1 | $5K | — |
| 2025-08 | 8 | $376K | $539 |
| 2025-09 | 2 | $15K | — |
| 2025-10 | 8 | $328K | $610 |
| 2025-11 | 2 | $16K | — |
| 2025-12 | 8 | $23K | $302 |
| 2026-01 | 8 | $437K | $440 |
| 2026-02 | 4 | $8K | $598 |
| 2026-03 | 5 | $13K | $852 |
| 2026-04 | 1 | $920K | $564 |
Living in Santa Margarita
Lifestyle
Living in Santa Margarita offers a laid-back lifestyle characterized by a strong sense of community and an appreciation for nature. The town's residents enjoy a slower pace of life, often engaging in outdoor activities such as hiking, biking, and exploring the nearby vineyards. Community events like farmers' markets and local festivals foster connections among neighbors, creating a welcoming atmosphere for both newcomers and long-time residents. The vibrant local culture, enriched by art and music, encourages residents to participate in various workshops and gatherings, promoting a sense of belonging.
Local Amenities
Santa Margarita LakeLocal wineries and vineyardsSanta Margarita Community ParkHistorical downtown area with shops and eateriesAnnual Santa Margarita RodeoPublic libraryCommunity events and festivalsOutdoor recreational activities
Written with AI assistance using live MLS data, reviewed by our team.
Market Snapshot
Market Trend
Cooling Market
YoY Price Change
-2.1%
Inventory
High Inventory
Days on Market
Selling Slower
Price Distribution
$0 – $200K
26
$200K – $400K
2
$400K – $600K
2
$600K – $800K
2
$800K – $1.0M
1
$1.5M – $2.0M
2
$2.0M – $3.0M
3
Explore More in Santa Margarita
Cost of Living in Santa MargaritaHousing, rent & expensesSold Properties in Santa MargaritaRecent sales & closing pricesAffordability CalculatorFind out how much you can affordMortgage CalculatorEstimate monthly paymentsSchools in Santa MargaritaSchools & ratings nearbyTransit in Santa MargaritaStops & stations nearbyParks in Santa MargaritaParks & recreation nearby
Frequently Asked Questions About Santa Margarita
How many homes are for sale in Santa Margarita?
There are currently 40 active residential listings in Santa Margarita. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from the MLS.
What is the median home price in Santa Margarita?
The median list price for homes in Santa Margarita is $18,608. Actual prices vary by property type, size, and neighbourhood. Use the filters above to narrow your search by price range.
What types of properties are available in Santa Margarita?
Properties available in Santa Margarita include Land (37), Detached (7), Mobile Home (4), Row/Townhouse (2). You can filter by property type using the search options on this page.
How long do homes stay on the market in Santa Margarita?
Homes in Santa Margarita spend a median of 30 days on market. This can vary depending on price range, property type, and local market conditions.
Is now a good time to buy in Santa Margarita?
Santa Margarita is currently a cooling market where buyer leverage is increasing. Home prices have decreased 2.1% over the past year. Inventory is currently high, giving buyers more options to choose from. Market conditions vary by property type and price range, so consult with a local real estate agent for personalized advice.
How often are listings updated for Santa Margarita?
Listings on this page are updated multiple times per day directly from the MLS. New listings typically appear within minutes of being added to the MLS.
Are there neighbourhood-level listings for Santa Margarita?
Yes. You can browse homes in specific neighbourhoods within Santa Margarita using the area links on this page. Each neighbourhood page includes local stats, pricing data, and property details.