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Closed
- Listed price
- $999,999
- Listed Sep 4, 2021 · $568/sq ft
- Sold price
- $650,000
- Sold Oct 25, 2021
3 beds|2 ba|1,760 sqft|1,838,232 sqft lot|2004 Built|19 MLS days on market
11111 Bitterwater Rd, Santa Margarita, CA 93453
Property Description
**COMPLETE CANNABIS OPERATION POTENTIAL on this 42+/- acre property !! 1111 Bitter Road is located in the sunbelt region of San Luis obispo. The Current and future value of this property is based on an existing approved permit issued by the County of San Luis Obispo. This permit allows for 2.97 acres of outdoor, 22,000 of feet of indoor, a 3,920 square foot ancillary nursery and 3,000 square feet of seatrains, “for processing and drying”. This is a great business opportunity for anyone wanting to invest in a large cannabis operation. Verify all information with the County of San Luis Obispo. Also on the property is a 3 bedroom, 2 bathroom, 1,760 square foot manufactured home, 32x40 metal shop building, an over-sized carport, and 20x36 animal barn.
Listing agent: Jay BondDRE #01823529jay@bondreg.com, Listing office: Bond Real Estate Group
MLS data updated 11/4/2026, 8:18:12 AM PT
Source: CRMLSMLS #: PI21196824
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$650,000
Oct 25, 2021
Available records22021
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93453 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 93453 · same property typeLoading eligible closed sales…
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.