{"id":8247,"date":"2025-01-03T02:34:30","date_gmt":"2025-01-03T07:34:30","guid":{"rendered":"https:\/\/citystuff.com\/new-york\/?p=8247"},"modified":"2025-01-03T02:34:30","modified_gmt":"2025-01-03T07:34:30","slug":"this-california-mega-estate","status":"publish","type":"post","link":"https:\/\/citystuff.com\/new-york\/2025\/01\/03\/this-california-mega-estate\/","title":{"rendered":"This California Mega-Estate"},"content":{"rendered":"<p><strong>Luxury Estate in California&#8217;s Pacific Coast Highway Sells for $17.22 Million<\/strong><\/p>\n<p><strong>Background<\/strong><\/p>\n<p>A 78.5-acre estate located outside the picturesque town of Cambria in San Luis Obispo County, California, has finally sold for $17.22 million after being on the market for nearly 15 years. The estate was initially listed for as much as $60 million and was most recently asking $28 million before going into contract.<\/p>\n<p><strong>Property Features<\/strong><\/p>\n<p>The estate boasts a range of impressive features, including:<\/p>\n<ul>\n<li>A 12,000-square-foot main home with six bedrooms and 14-foot ceilings<\/li>\n<li>A 12,700-square-foot event pavilion with a prep room and an upstairs lounge offering breathtaking ocean views<\/li>\n<li>Six acres of vineyards with 6,200 Pinot Noir grape vines<\/li>\n<li>3 acres of olive trees producing a bounty<\/li>\n<li>Stables for six horses, two fenced pastures, and bridle paths leading to the ocean<\/li>\n<li>A helipad for easy access<\/li>\n<li>A 4,200-square-foot structure with a full bar and half-bathroom, originally designed as a show garage for luxury cars<\/li>\n<\/ul>\n<p><strong>History of the Estate<\/strong><\/p>\n<p>The estate was built by real estate developer Khosro Khaloghli, who never lived in the main home. Khaloghli purchased the land in the 1990s and spent millions building the estate&#8217;s infrastructure, vineyards, and elaborate structures.<\/p>\n<p><strong>Challenges in Selling the Estate<\/strong><\/p>\n<p>The estate faced challenges in selling, including:<\/p>\n<ul>\n<li>High upkeep required for the expansive property<\/li>\n<li>Limited comparable properties in the area<\/li>\n<li>Multiple price reductions and failed auctions, including a 2019 no-reserve event<\/li>\n<\/ul>\n<p><strong>Recent Sale<\/strong><\/p>\n<p>The estate was sold to an unknown buyer who plans to use it as a family compound. The buyer was represented by David Crabtree of Home &amp; Ranch Sotheby&#8217;s International Realty.<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>After nearly 15 years on the market, the estate has finally found a buyer who will use it as a generational compound. The unique lifestyle it offers has finally found its match, and the estate&#8217;s road to finding a buyer is a testament to the challenges of selling a property of this magnitude.<\/p>\n<p><strong>Frequently Asked Questions<\/strong><\/p>\n<p>Q: What is the price of the estate?<br \/>\nA: The estate sold for $17.22 million.<\/p>\n<p>Q: How long was the estate on the market?<br \/>\nA: The estate was on the market for nearly 15 years.<\/p>\n<p>Q: What are some of the estate&#8217;s features?<br \/>\nA: The estate features a 12,000-square-foot main home, a 12,700-square-foot event pavilion, six acres of vineyards, stables for six horses, and a helipad.<\/p>\n<p>Q: Who was the real estate developer who built the estate?<br \/>\nA: Khosro Khaloghli was the real estate developer who built the estate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury Estate in California&#8217;s Pacific Coast Highway Sells for $17.22 Million Background A 78.5-acre estate located outside the picturesque town of Cambria in San Luis Obispo County, California, has finally sold for $17.22 million after being on the market for nearly 15 years. The estate was initially listed for as much as $60 million and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":8248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-8247","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i1.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/01\/96114055-1.jpg?quality=75&strip=all&w=1024&w=1024&resize=1024,682&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/8247"}],"collection":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/comments?post=8247"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/8247\/revisions"}],"predecessor-version":[{"id":8249,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/8247\/revisions\/8249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media\/8248"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media?parent=8247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/categories?post=8247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/tags?post=8247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}