RECENT PRICE CORRECTION on this Extremely Rare Opportunity to own Santa Margarita acreage within the Urban Reserve Boundary Lines! This unique ranchette is easily within walking distance to the charming and iconic town of Santa Margarita. Near to the town park and community center and Santa Margarita Elementary. Enjoy life in small town rural while you celebrate being a member of this quaint and sought after community! Centrally located, with easy access to North County and an extremely convenient 9 mile hop and a skip to San Luis Obispo! This extremely clean 4 bedroom, 3 bath ranch home with 3 car epoxy floor garage rests on 3.6 fenced acres with the tranquil rolling hills of Santa Margarita Ranch as it's backdrop. Fireplace Extraordinaire Wood Burning stove w/ Heatilator for efficient heating on winter nights. Central Heating and Air. Great value in the 1500 s/f workshop as well. With airlines run throughout, add your own compression system to utilize the benefit of this clean and functional shop with 2 garage doors, 2 seperate AMP panels, and epoxy floors as well. Buyer must verify with County and Public Works, but 1200 square feet of this already split divided shop meets specifications to be retrofitted as a guest unit and could add residential income value! Appx 10 X 15 dog kennel and fountain at entry included. Septic system, leased propane, and public water supply. Pest Section 1 and 2 completed in September. New gutters installed 09/07/2018. Information not verified.