Vacation rentals in Santa Margarita Lake

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Top-rated vacation rentals in Santa Margarita Lake

Guests agree: these stays are highly rated for location, cleanliness, and more.

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Top guest favorite

A newly built 1-bedroom home is set against a backdrop of rolling green hills. The structure features a modern design with a dark exterior and a covered porch area. A small dog sits on the concrete driveway, adding a welcoming touch to the scene.

Home in San Luis Obispo

4.99 out of 5 average rating, 118 reviews

Hilltop Horizon: Centrally Located+Panoramic Views

Newly built,secluded 600 sq ft 1 bedroom home with panoramic views of all of San Luis Obispo. Home is centrally located at 7min from both downtown &/or wineries, 3 miles to Cal Poly- but is completely quiet with no traffic on our multi acre property. This home shares the driveway and parking with our family’s main house, but the home has been designed for the two sets of 8ft glass sliders to have unobstructed views while maintaining complete privacy. We are 15 minutes to Avila and Pismo Beach.

Top guest favorite

The cottage features a charming exterior with warm lights glowing from the windows. The structure is surrounded by lush greenery, with inviting outdoor seating and twinkling lights overhead, creating a serene atmosphere in the natural setting.

Cottage in Atascadero

4.97 out of 5 average rating, 203 reviews

The Cottage at Old Morro

After a little time off Airbnb, The Cottage is back and better than ever Spring 2025! The perfect stop for your Central Coast adventure! Tastefully appointed and well stocked, the cottage is perfect for a getaway to Paso Robles wine country, the beach, San Luis Obispo, hiking trips or the famous HWY 1! The cottage is set in a beautiful spot at the lower end of our property under a mature and majestic grove of oak trees adjacent to a beautiful white barn with overhead twinkling bistro lights.

Superhost

An expansive view of a serene olive grove is presented, showcasing numerous olive trees nestled among lush green grass. The landscape is framed by trees, under a clear blue sky adorned with scattered clouds, creating a peaceful outdoor setting.

Cottage in San Luis Obispo

4.95 out of 5 average rating, 426 reviews

Peaceful Cottage in an Olive Grove

Come relax in this cozy cottage removed from the frantic world but so close you can easily go back at any time. Whether you choose to unwind in the serenity that surrounds our olive farm or venture out to experience all that SLO County has to offer, you'll be in the perfect spot for either or both. We're on a road less traveled with neighbors few and far between but located just 10 minutes from wine tasting, beaches, downtown SLO, the Village of Arroyo Grande, hiking trails and so much more.

Top guest favorite

A charming cottage exterior is surrounded by mature oak trees, offering a serene outdoor space. A patio features a dining table with chairs and a pair of rocking chairs, inviting relaxation. Nearby, decorative lanterns and planters enhance the inviting setting.

Cottage in Paso Robles

4.98 out of 5 average rating, 242 reviews

Vintage Ranch Cottage, Paso Robles, California

Nestled on 66 acres in the heart of Paso Robles wine country and featured on Netflix's hit show, Stays Here, is Vintage Ranch Cottage. Surrounded by mature vineyards and rolling hills, the cottage leaves nothing to be desired of the Paso Robles wine country experience. Centrally located 10 minutes to downtown, 5 minutes to the Adelaida wine trail, 15 minutes to Lake Nacimiento and 35 minutes to the coast! Come enjoy gorgeous Paso Robles and "stay here" at Vintage Ranch! @vintageranch on IG

Top guest favorite

The image captures a scenic view of a vineyard landscape at sunset, framed by a large tree and various plants in the foreground. Gentle hills lined with vines stretch toward the horizon, while warm light casts a golden glow over the scene.

Home in Paso Robles

4.98 out of 5 average rating, 219 reviews

Entire Hobby Farm, Surrounded by Vineyards

This place is magical. Seven private acres with 360 degree views are surrounded by vineyards which can be seen through most windows. On property, depending on the season, you will find apples, pears, peaches, cherries, figs, loquats, persimmons, pomegranates, pecans, chestnuts, and several grape varieties. The outdoor space includes a wrap-around covered patio, outdoor dining, multiple sitting areas, fire pits, swings, games, and outdoor cooking. It is truly one of a kind.

Top guest favorite

The exterior of the casita is showcased, featuring a stone patio with planters and a fountain. The entrance is framed by wood fencing, and a tall tree stands nearby, creating a natural and inviting atmosphere.

Guest suite in Paso Robles

4.97 out of 5 average rating, 516 reviews

Casita Oliva

Romantic, freestanding casita with private courtyard, set upon the hillside of a working olive farm in Paso Robles, California. Vintage Moroccan and Spanish light fixtures, built-in Moroccan queen-sized bed, refrigerator, coffee maker and basic utensils make this a perfect home-away-from-home or private retreat. The en suite bathroom features a porcelain tub/shower and stone sink. An outdoor fireplace, fountain and gorgeous views to the surrounding hillside complete the setting.

Top guest favorite

A modern barn-style exterior showcases a white façade with large glass doors framed by dark accents. The entrance is flanked by potted plants, while warm wooden elements can be seen within through the transparent panels. Surrounding greenery enhances the peaceful rural setting.

Barn in Atascadero

4.99 out of 5 average rating, 168 reviews

The Barn at Old Morro

The Barn at Old Morro is a refreshing and beautiful space centrally located to all the Central Coast has to offer! Tastefully appointed and well stocked, the barn is the perfect getaway for Paso Robles wine country, the Cayucos/Cambria/Morro Bay Coast, San Luis Obispo shopping or exploring the gorgeous Big Sur coastline! Set in a beautiful spot at the lower end of our property under a mature and majestic grove of oak trees with overhead twinkling bistro lights.

Top guest favorite

The exterior of The Fish House features a spacious deck surrounded by natural rocks and greenery. Seating areas include lounge chairs and a table beneath a sunshade. A barbecue grill is positioned nearby, inviting outdoor gatherings in a serene setting.

Cottage in San Luis Obispo

4.99 out of 5 average rating, 366 reviews

Slo Fish House Retreat

Good bye city life ! The Fish House is an amazing addition to our stunningly beautiful 29 acres! Views from the dock are guaranteed to take your breath away. Let the awe of nature rejuvenate your soul as you enjoy all that is San Luis Obispo. Whether you are coming to town for pleasure or for work, we are perfectly located just 10 minutes from downtown SLO, the airport, Edna Valley wineries, and Cal Poly; and 20 minutes from Avila or Pismo Beach.

Guest favorite

A bright and airy living space features a large window allowing natural light to fill the area. The room includes a cozy seating arrangement with a gray sofa, a wooden dining table with chairs, and decorative wall baskets. A kitchenette is visible in the background.

Home in San Luis Obispo

4.96 out of 5 average rating, 327 reviews

Wine Country Hilltop Retreat

Kick back and relax in this calm, stylish space with spectacular Edna Valley views. Read a book on your hillside patio and see buffalo and longhorns grazing in neighboring fields. After an incredible sunset, unwind by your firepit at night under a sky full of stars. This private country escape is also at the center of it all - 15 minutes to beaches & Cal Poly, 5 minutes to airport & 20+ wineries/tasting rooms, 10 minutes to beautiful downtown SLO.

Guest favorite

The exterior of a charming tiny home is displayed, featuring bright orange walls and a spacious deck. Colorful curtains frame the entrance while a table and lounge chair provide seating. A shaded area is created with fabric above, enhancing comfort for outdoor relaxation.

Tiny home in Santa Margarita

4.94 out of 5 average rating, 205 reviews

Ranch Bungalow

Enjoy the peace and quiet of this unique "tiny home" set on a 50 acre ranch, remote enough to be free of urban lighting and noise, yet close enough to access Highway 101 within 10 minutes. Conveniently located between San Luis Obispo and Paso Robles, either destination is less than 30 minutes away. Swim some laps in the summer months, take an evening stroll, watch the deer forage in the pasture.

Guest favorite

An A-frame cabin features a steeply pitched roof, complemented by a wooden barrel sauna nearby. A small outdoor deck is furnished with stylish chairs and a stool, surrounded by natural landscaping and soft evening lighting from string lights above.

Cabin in Baywood-Los Osos

4.97 out of 5 average rating, 464 reviews

Boho A-Frame Cabin w/ Sauna

Escape to this enchanting unique A-Frame cabin guesthouse on California's central coast. With a sauna, fireplace, BBQ, and starlit sleeping loft. It's the perfect retreat for two. Surrounded by state parks, the bay, and hiking trails, adventure awaits right outside your door. Whether you're seeking serenity or exploration, this hidden gem offers the ultimate California escape.

Top guest favorite

A contemporary home is highlighted with expansive glass doors, allowing views of the surrounding landscape. A wooden dining table is shown, adorned with a sunflower. The deck extends along the residence, featuring comfortable seating areas.

Home in San Luis Obispo

4.96 out of 5 average rating, 114 reviews

Sanctuary on Sunset Ridge ~ Panoramic Ocean Views

Enjoy extraordinary VIEWS, PEACE, and PRIVACY just 15 minutes from downtown and beaches. Within 10-15 minutes: Hiking, Biking, SUP, Kayaking, Surfing, Wine Tasting, Great Restaurants, etc., etc. We are good-dog friendly. 3-night minimum stay. We have 2 ensuite King bedrooms - the 2nd has a loft with a double bed. Check us out on Insta: @sanctuaryonsunsetridge