Home for Sale at 2115 El Camino Real, Atascadero, CA 93422

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2115 El Camino Real
Atascadero, CA 93422

Andrew Richardson with Richardson Sotheby's International Realty, original listing - (805) 781-6040

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Property Details

List Price:	$8,950,000
Beds:	--
Baths:	--
Status:	Active
SqFt:	0 Square Feet
Agency:	Richardson Sotheby's International Realty
Agency Phone:	(805) 781-6040

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Description/Comments

Lot Size:	25 acre(s)
Property Type:	Land-Other
Year Built:	--
Notes:	Del Rio Ranch is one of the last large-scale, development opportunities on California’s Central Coast—offering unmatched flexibility, visibility, and growth potential.<br /> Located on nearly 26 acres in Atascadero, this 11-parcel, multi-zoned site sits just one block off Highway 101 with prime frontage along El Camino Real. Positioned between Paso Robles wine country and the Pacific Ocean, the property benefits from strong tourism, a booming housing market, and increasing demand for retail and hospitality.<br /> Fully entitled and supported by the community, Del Rio Ranch is entitled for a dynamic mix of uses including commercial retail, residential potential, and an RV/lodging resort. Local demand continues to grow for dining, entertainment, and visitor accommodations—creating a rare opportunity to deliver a high-impact, mixed-use destination.<br /> Surrounded by new complementary developments, including grocery and office projects currently under construction, the site is ideally positioned for long-term success. Its strategic Central Coast location—midway between San Francisco and Los Angeles—draws consistent visitor traffic fueled by over 250+ nearby wineries, outdoor recreation, and year-round tourism.<br /> Opportunities of this scale, entitlement status, and location are exceptionally rare. Del Rio Ranch offers developers the chance to bring a transformative vision to one of California’s most sought-after regions.
MlsNumber:	--
ListingId:	SC26070871

Listing Provided By:	Richardson Sotheby's International Realty, original listing
Phone:	(805) 781-6040
Office Phone:	(805) 781-6040
Agent Name:	Andrew Richardson
Disclaimer:	Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.