1009 Meadow Way, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 2 bed, 3 bath
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1009 Meadow Way
Arroyo Grande, California 93420
ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,312Sq Ft
1,500Lot Size
Property Price
LIST PRICE$585,000
EST. MARKET VALUE
$585,000
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $585,000, which aligns perfectly with its $585,000 Fair Market Value. Featuring a Condition Rating of 3, the unit offers a modern lifestyle with new LVP flooring, updated appliances, and a serene nature preserve view. Located within the Lucia Mar Unified School District near top-rated schools like Ocean View Elementary, this property provides a stable, low-maintenance living environment. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready sanctuary in Arroyo Grande.
Estimated Market Value
$585,000
Based on Realkey algorithm analyzing recent comparable sales in Arroyo Grande.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1009 Meadow Way Subject | $585,000* List Price | 2 | 3 | 1,312 | $446 | - |
A 289 Hillcrest Sold | $510,000 | 2 | 2 | 1,097 | $465 | 0.4 mi |
B 579 Camino Mercado 215 Sold | $453,000 | 2 | 2 | 1,053 | $430 | 0.2 mi |
C 579 Camino Mercado Active | $554,950 List Price | 2 | 2 | 1,053 | $527 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1980, the property has undergone recent significant cosmetic renovations including new LVP flooring, new carpeting, and all new appliances. It is described as move-in ready and well-maintained, fitting the criteria for a functional, updated living space despite its chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Interior Upgrades
The property is move-in ready with significant recent improvements, including new LVP flooring throughout, new carpeting in bedrooms, and all-new kitchen appliances.
- Dual Ensuite Configuration
Both spacious upstairs bedrooms feature their own private full bathrooms, providing an ideal layout for privacy, guests, or a roommate situation.
- Superior Outdoor Living
Unlike typical condos, this unit features one of the larger landscaped backyards in the complex, a covered patio, and a balcony with serene views of the adjacent nature preserve.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 132 days on the market and multiple price reductions, the property has struggled to gain traction, which may lead to lower offers or concerns regarding its initial pricing strategy.
- 1980s Infrastructure
While the interior is updated, the 1980 construction year suggests that major systems or common area elements may be nearing the end of their functional lifespan compared to newer builds.
About 1009 Meadow Way
Now available! Ready to move into very desirable condo in Arroyo Grande. this unit has one of the larger landscaped back yards, view of nature preserve .near hiking trails. 2 spacious bedrooms upstairs with their own private full bathrooms. large closet in bedroom 2 , full walk-in closet in Main bedroom. Balcony off main bedroom. There is a lot of storage throughout. Landscaped back yard has a covered patio and nice view of trees in the open space. Downstairs has a half bathroom and laundry room off the kitchen. Pantry in dining room/kitchen. All new appliances. New LVP flooring throughout, new carpet in bedrooms, cozy gas 2-sided fireplace. Garage floor is newly painted.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 1,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $205.0 / Month
Neighborhood Insights
Arroyo Grande Unified Schools
Ocean View Elementary School
Grades K-6 • 0.8 mi
8/10
Judkins Middle School
Grades 7-8 • 2.4 mi
5/10
Arroyo Grande High School
Grades 8-12 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.7 |
| Baths | 3.0 | 1.7 |
| Square foot | 1,312 | 913.667 |
| Lot Size | 1,500 | 1,081.5 |
| Price | $585.0K | $500.3K |
| Price per sq ft | $446 | $508 |
| Built year | 1980 | 1980 |
| HOA | $205.0 | $278 |
| Days on market | 149 | 60 |
Pricing History
Listed for Sale
Aug 5, 2026
$585,000
$595,999
-2% Price Drop
Initial Listing
Price Change
Jun 19, 2026
$595,999
$599,999
-1% Price Drop
Initial Listing
Price Change
May 20, 2026
$599,999
$599,900
+0% Price Increase
Initial Listing
Price Change
Apr 13, 2026
$599,900
Initial Listing
Sold
Jan 4, 2005
$370,000
Public Record
Sold
Feb 28, 2001
$194,000
Public Record
Sold
Jan 14, 2000
$160,000
Public Record