1009 Meadow Way, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 2 bed, 3 bath
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Arroyo Grande, California 93420
This Updated Nature-Side Condominium is a Strong Value Opportunity, listed at $599,900—positioned well below the $639,861 Fair Market Value by 6%. This valuation gap provides $39,961 in Instant Equity. Boasting a Condition Rating of 3, the home features dual primary suites, new LVP flooring, and a wooded view of the adjacent nature preserve. Located in the Lucia Mar Unified district near top-rated Ocean View Elementary, it offers a turnkey lifestyle with investment upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1009 Meadow Way Subject | $599,900* List Price | 2 | 3 | 1,312 | $488 | - |
A 289 Hillcrest Sold | $510,000 | 2 | 2 | 1,097 | $465 | 0.4 mi |
B 282 Robles Road 19 Sold | $520,000 | 2 | 2 | 1,097 | $474 | 0.4 mi |
C 277 Hillcrest Drive 13 Sold | $480,000 | 2 | 2 | 1,097 | $438 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent interior updates, including new LVP flooring throughout, new carpeting in the bedrooms, and new kitchen appliances. While the 1980 construction year and certain architectural elements like the fireplace and exterior trim reflect an older style, the recent cosmetic renovations and well-maintained condition of the garage and backyard elevate it to the 'good' category.
The floor plan features two spacious upstairs bedrooms each equipped with its own private full bathroom, providing an ideal layout for roommates or guests.
The property is move-in ready with significant upgrades including new LVP flooring, new carpeting, updated appliances, and a freshly painted garage floor.
Situated near a nature preserve and hiking trails, the home offers a serene setting with a landscaped backyard and a covered patio overlooking open space and trees.
Despite cosmetic updates, the 1980 construction year suggests that core systems like plumbing or electrical may eventually require attention compared to newer builds.
As a residential condominium with shared walls and a modest 1,500 sqft lot, the property offers less privacy and outdoor space than a detached single-family residence.
Very desirable condo in Arroyo Grande, near preserve and 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. New appliances. New LVP flooring throughout, new carpet in bedrooms, cozy gas 2-sided fireplace. Garage floor is newly painted.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 2.4 mi
Grades 8-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,312 | 1,097 | 80% |
| Lot Size | 1,500 | 1,097 | 80% |
| Price | $599.9K | $520.0K | 80% |
| Price per sq ft | $457 | $465 | 40% |
| Built year | 1980 | 1984 | 20% |
| HOA | $205.0 | $388 | 20% |
| Days on market | 9 | 195 | 20% |
Apr 13, 2026
$599,900
Initial Listing
Jan 4, 2005
$370,000
Public Record
Feb 28, 2001
$194,000
Public Record
Jan 14, 2000
$160,000
Public Record