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Property Description
A truly unique opportunity awaits in the peaceful countryside of Creston, California, just minutes from the renowned Paso Robles wine region. This expansive 49.63-acre property offers a rare combination of aviation amenities, a potential hilltop building site, rental income, and open space, with tremendous potential for the right buyer. At the heart of the property is a private airstrip, accompanied by four hangars, creating an exceptional opportunity for aviation enthusiasts, aircraft storage, or those seeking a private aviation lifestyle. The property's aviation infrastructure adds a level of versatility and distinction rarely found in the area. The property also offers three separate residences, including a 4 bedroom/1.5 bath home originally built in 1905 and two additional mobile homes each having 2 bedrooms/1 bath. All three residences are currently rented, providing an established income stream. This property presents an exciting opportunity for someone with the vision to restore, improve, and make the most of its unique features and substantial acreage. Creston is a historic community with a rich agricultural and Western heritage, known for local favorites including the Loading Chute restaurant, Long Branch Saloon, and the Creston Rodeo. The property's location offers the opportunity to become part of this distinctive rural community while remaining close to the attractions and amenities of Paso Robles wine country.
This is not a turnkey property-it is an opportunity. For the buyer willing to put in the work, the possibilities are exceptional. Whether you're an aviation enthusiast, investor, or someone looking for a property with character, income, acreage, and room to create your own vision, this unique Creston property is ready for its next chapter.
Full Property Details
Full Property Details for 8687 O Donovan
General
- Price: $1,500,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: NS26201761
- Updated: 9/17/2026
- Days on Market: 5 days
- Added to Site: 6 day(s) ago
Interior
- Rooms/Areas: See Remarks
- Fireplace: Yes
- Fireplace(s): See Remarks
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: See Remarks
Additional Information
- Pool Description: None
Location
- County: San Luis Obispo
- Subdivision: Creston(60)
- Driving Directions: Hwy 229 to O'Donovan, Property is at O'Donovan Rd and Hwy 58
School Information
- School District: Atascadero Unified
Community
- Community Features: Rural
Heating & Cooling
- Cooling Type: See Remarks
Utilities
- Sewer: Septic Type Unknown
- Water: Well
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,947
- Sq. Ft. Source: Assessor
- Year Built: 1905
- Year Built Source: Public Records
Lot Features
- Property View: Trees/Woods, Hills
- Lot Size (Acres): 49.63
- Lot Size (Sq. Ft.): 2,161,883
- Lot Size Source: Assessor
- Lot Description: Over 40 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $508.99
Disclosures and Reports
- Special Conditions: Standard
Listed by RE/MAX Success, Susan Kretzu
Get Pre-Approved Today
Schools
Schools serving 8687 O Donovan
School District:Atascadero Unified School District
| Name | Grades | Distance |
|---|---|---|
Creston Elementary School 5105 O'Donovan Road, Creston, CA 93432 | K-5 | 5.2 mi |
Atascadero Middle School 6501 Lewis Avenue, Atascadero, CA 93422 | 6-8 | 11.1 mi |
Atascadero High School 1 High School Hill Road, Atascadero, CA 93422 | 9-12 | 11.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8687 O Donovan
Date
Details
Price
Change
Source
9/17/2026
Price Increased
$1,500,000
15.38%
MLS
9/15/2026
Listed
$1,300,000
420%
MLS
2/20/2002
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8687 O Donovan
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,509
—
$491,903
2%
2025
$5,509
5%
$482,259
2%
2023
$5,251
—
$472,804
2%
2023
$5,251
1%
$463,534
2%
2022
$5,187
2%
$454,446
2%
2021
$5,085
1%
$445,536
1%
2020
$5,033
2%
$440,968
2%
2019
$4,934
2%
$432,322
2%
2018
$4,837
2%
$423,846
2%
2017
$4,742
2%
$415,536
2%
2016
$4,649
2%
$407,390
2%
2015
$4,579
9%
$401,271
2%
2014
$4,182
2%
$393,412
—
2013
$4,109
—
$391,635
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8687 O Donovan
8687 O Donovan, Creston, CA 93432 (MLS# NS26201761) is a Single Family property with 8 bedrooms and 3 full bathrooms. 8687 O Donovan is currently listed for $1,500,000 and was received on September 15, 2026. Want to learn more about 8687 O Donovan? Do you have questions about finding other Single Family real estate for sale in Creston? You can browse all Creston real estate or contact a Coldwell Banker agent to request more information.

