Dramatic price reduction! Amazing home within 3 miles of downtown SLO. Custom built beauty with 4,600 sq. ft. main house and 560 sq. ft. guest house in private, gated community of only 13 private lots. 8 of the lots are currently built out with large custom homes. Rancho Caballo is a 110 acre, very serene Ranch with rolling hills and ponds, and cattle roaming portions of the property. The main house consists of 4 bedrooms and 4 bathrooms. There are two master suites to choose from; one upstairs and one down. All of the bedrooms are large and have views of the surrounding hills. There is a stunning view of Bishop's Peak, as well as private access to Bishops Peak & Felsman Loop hiking trails. An outdoor kitchen with covered patio provides wonderful space for entertaining. Travertine and wood floors throughout the home are complimented by newly carpeted areas in other spaces. There is a large, approx. 600 sq. ft. work shop between the two, 2-car garages, all accessed under the same roof as the house. The ranch has a shared well for all the residences. Current monthly HOA fee is $220 (paid quarterly). The HOA fee also covers road maintenance and the landscaping at the entry gates. Solar panels are under a lease and were installed 5 years ago. There is an approximate balance on the solar lease of $25K, payable at approximately $140 per month. There is a Tesla charging station in one of the garages. This is a very good value for a wonderful San Luis Obispo custom-built home.