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11600 El Camino Real , Atascadero, CA 93422
$5,500,000
Est. Payment: $30,000.84/mo
5.19 Acres
Status: ACTIVE | Days on site: 29
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CR-NSREALB - CR-NS02205849,CR-PI00416661
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House Description

FOR SALE: Fully-approved,󠃍󠂏󠃍󠂏󠃢󠂀󠂋󠃢󠂁󠂤󠃢󠂁󠂡󠃡󠂠󠂎 mixed-use development. Multi-family, Retail, Vacation rentals. 5.19 Acres. Seven Parcels. Fully-Entitled. Shovel-ready project. Dove Creek is a fully-approved, shovel-ready mixed-use development opportunity on California's Central Coast a 5.19-acre site located one block from Highway 101 on Atascadero's main commercial corridor, El Camino Real. Positioned between the Paso Robles and San Luis Obispo wine regions and the Pacific Ocean, the region offers a strong tourism and housing market with high demand for retail and hospitality. Local demand continues to grow for dining, entertainment, and visitor accommodations, and the highest per-capita incomes in the county, Atascadero remains underserved for retail. 5.19 ACRES 71 RESIDENTIAL CONDOS 20 VRBO / HOTEL ROOMS 14,840 SF RETAIL 7 PARCELS (VTTM) The site is midway between San Francisco and Los Angeles, and just a 15-minute drive to the City of San Luis Obispo. The area draws consistent visitor traffic from more than 250 area wineries, year-round outdoor recreation, and a thriving tourism economy. Dove Creek offers the opportunity to deliver a transformative, walkable mixed-use destination. Residential Condominiums: 71 units (one- and two-bedroom), designed for both long-term rental and condominium sales. Vacation Rental / Hotel: 20-room VRBO / hotel offering with kitchens purpose-built for region's thriving hospitality market, capturing wine country and coastal tourism demand. Commercial Retail 14,840 square feet across four buildings. Community seeks dining, entertainment, and specialty retail. En
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Highlights

Listed by Michael Manchak , 805-748-0500 and Charlie Richardson , 805-440-1260 Real Broker , 619-248-6434. San Diego County Multiple Listing Service mls logo

Property Type

Vacant Land
Lot/Acreage
5.19

County

San Luis Obispo

Listing ID

NS26208978

Questions about this listing?

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Interior Features

Exterior Features
Principal Interest
$30,001
Taxes
$3,506

Home Price

$5,500,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$1,100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$30,000.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $30,000.84 $3,506.25 $0.00 $33,507.09
Yearly $360,010.03 $42,075.00 $0.00 $402,085.03
Total $10,800,300.87 $1,262,250.00 $0.00 $12,062,550.87

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Atascadero, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-10-05T00:00:59.000Z

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