-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JLcdJNiCb3DRCRWjJMKs6Y8PhvuqPAMd8fgVAHhA39oWFxp00xaB7bp8hw5mvPAE
 pnTZf5Nnu3osM3MmPASOzw==

<SEC-DOCUMENT>0001486598-10-000001.txt : 20100315
<SEC-HEADER>0001486598-10-000001.hdr.sgml : 20100315
<ACCEPTANCE-DATETIME>20100315172621
ACCESSION NUMBER:		0001486598-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 504(b)(1)(iii)
FILED AS OF DATE:		20100315
DATE AS OF CHANGE:		20100315
EFFECTIVENESS DATE:		20100315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEG Property Fund I, LLC
		CENTRAL INDEX KEY:			0001486598
		IRS NUMBER:				271703652
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-139620
		FILM NUMBER:		10682658

	BUSINESS ADDRESS:	
		STREET 1:		27405 PUERTA REAL SUITE 200
		CITY:			MISSION VIEJO
		STATE:			CA
		ZIP:			92691
		BUSINESS PHONE:		800-212-2855 EXT 109

	MAIL ADDRESS:	
		STREET 1:		27405 PUERTA REAL SUITE 200
		CITY:			MISSION VIEJO
		STATE:			CA
		ZIP:			92691
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001486598</cik>
        <entityName>SEG Property Fund I, LLC</entityName>
        <issuerAddress>
            <street1>27405 PUERTA REAL SUITE 200</street1>
            <city>MISSION VIEJO</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92691</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>800-212-2855 EXT 109</issuerPhoneNumber>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>Yusuf Kargbo</previousName>
            <previousName>Joshua Host</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2010</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joshua</firstName>
                <lastName>Host</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>27405 Puerta Real Suite 200</street1>
                <city>Mission Viejo</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92691</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Residential</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1,000,001 - $5,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>04.3</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-02-22</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1000000</totalOfferingAmount>
            <totalAmountSold>128000</totalAmountSold>
            <totalRemaining>872000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>No commissions or finders fees are being paid.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>No salaries or compensation is being paid out of the proceeds</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>SEG Property Fund I, LLC</issuerName>
                <signatureName>Joshua Host</signatureName>
                <nameOfSigner>Joshua Host</nameOfSigner>
                <signatureTitle>Managing Member</signatureTitle>
                <signatureDate>2010-03-02</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----