
Pismo Beach, California 93449
This Coastal Sanctuary is a High-Potential Investment Opportunity, listed at $1,550,000—positioned well below the $1,749,615 Fair Market Value by 11%. This valuation gap offers $199,615 in Instant Equity for savvy buyers. Maintaining a Good Condition Rating, the residence features Panoramic Ocean Views, a Granite Kitchen, and exclusive gated security in Spyglass Ridge Villas. Located within the Lucia Mar Unified district, it balances lifestyle luxury with rare market value. This property is ideal for Owner-Occupants or Buy-and-Hold Investors.
Property is move-in ready.
The property is in move-in ready condition and appears exceptionally well-maintained. Although built in 1989, the home features several key updates including a kitchen with granite countertops and stainless steel appliances, recessed lighting, and modern drought-tolerant landscaping with paver patios. While some architectural elements like the black-tiled fireplace and multi-level floor plan reflect its original era, the overall quality, cleanliness, and functional systems place it firmly in the 'good' category rather than 'fair'.
Positioned with a protected greenbelt in front, the home offers permanent, sweeping ocean views from Avila Beach to Point Sal, a rare and highly valuable asset.
Located in the prestigious Spyglass Ridge Villas, the property provides the security and prestige of a gated enclave with a notably low HOA fee of $148.
The absence of rear neighbors combined with hillside positioning and drought-tolerant landscaping creates a secluded, serene outdoor oasis for residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2190, other record living area = 2011.
The multi-level design, while maximizing views, may be a drawback for buyers with mobility concerns or those seeking the convenience of single-level living.
Constructed in 1989, certain features like the black-tiled fireplace and overall floor plan may require cosmetic updates to align with modern luxury trends.
Breathtaking Ocean-View Retreat in Spyglass Ridge Villas Welcome to 106 Calle Corea, an elegant coastal sanctuary tucked inside the exclusive, gated Spyglass Ridge Villas of Pismo Beach. Perfectly positioned with a protected greenbelt in front, this home offers unobstructed panoramic ocean views stretching from Avila Beach to Point Sal—a daily backdrop of rolling waves, passing whales, cool sea breezes, and spectacular holiday fireworks enjoyed from your own balcony. This beautifully designed 3-bedroom, 3-bath residence features a thoughtfully planned multi-level layout that maximizes natural light and scenery. The inviting living room showcases a cozy fireplace and private view balcony, while the formal dining room—with tray ceiling and chandelier—creates an ideal setting for gatherings and celebrations. The gourmet kitchen is both stylish and functional, offering granite countertops, stainless steel appliances, custom cabinetry, and a charming breakfast nook that opens to another ocean-view balcony. A dedicated laundry room with walk-in pantry adds everyday convenience. Upstairs, skylights illuminate the landing leading to two private suites. The guest suite enjoys hillside and ocean views, a generous closet, and a full bath. The primary suite is a true retreat, featuring expansive Pacific vistas, a striking black-tiled fireplace, dual closets, and a spa-inspired ensuite with soaking tub, walk-in shower, and direct access to a serene backyard oasis. Outdoor living is effortless with paver patios, drought-tolerant landscaping, hillside privacy, and no rear neighbors. Additional highlights include recessed lighting, a spacious two-car garage, ample guest parking, a low HOA, and select furnishings that may be negotiable. Ideally located near downtown Pismo Beach, sandy shores, and world-class wine country, this exceptional home offers more than stunning views—it delivers the ultimate Central Coast lifestyle. Schedule your private showing and experience it for yourself.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,190 | 2,027.5 | 61% |
| Lot Size | 4,000 | 5,562.5 | 23% |
| Price | $1.45M | $1.43M | 50% |
| Price per sq ft | $662 | $735 | 30% |
| Built year | 1989 | 1986 | 64% |
| HOA | $148.0 | $0 | 89% |
| Days on market | 90 | 166 | 30% |
Apr 16, 2026
$1,450,000
$1,490,000
-3% Price Drop
Initial Listing
Mar 18, 2026
$1,490,000
$1,550,000
-4% Price Drop
Initial Listing
Jan 22, 2026
$1,550,000
Initial Listing
Aug 30, 2019
$982,000
Public Record