Situated in Arroyo Grande, this 7.3 acre family ranch offers endless possibilities. Multigenerational family compound, development opportunity, orchard, farm, horse property, investment property, sprawling luxury residence, let your mind run wild! The property is comprised of 3 buildings. The main house has 1 bedroom, 1 bathroom, and is approximately 1600 sq. ft. French doors off of this room open to a huge front porch with views of Arroyo Grande. The huge family room has intricate woodwork and a rock fireplace that is reminiscent of a cozy cabin. The second unit, attached to the main home, is approximately 512 sq. ft. and comprised of 1 bedroom and 1 bathroom, a full kitchen, and laundry facilities. The detached cottage is perfect for family or as a rental. This space is set up as a studio with a ¾ bathroom and kitchenette. Ample light, high ceilings, and a front porch add to the charm. The garage space is approximately 1000 sq. ft. and has been partially converted with upgraded electrical, huge picture windows, sliding glass doors, and a pellet stove. Additionally, there is a separate 1 bedroom 1 bath unit inside. The property is serviced by two wells, including one AG well with excellent production and a second well located on the lower field. A central garden, with a towering oak tree as its focal point, is a tranquil setting easily enjoyed by all. The top of the property offers sprawling views of Arroyo Grande, Oceano, Grover Beach, the beautiful Pacific Ocean, and the dunes. The lower section of the property is prime farmland, ready for cultivation. The upper section is outfitted with fenced pasture, covered stalls, and portable pipe corrals. Check with the city as there is a possibility of a 5 parcel lot split.