
Atascadero, California 93422
This Spacious Hilltop Residence represents a High-Potential Investment Opportunity, listed at $1,149,000—positioned well below the $1,188,387 Fair Market Value by 3%. This valuation gap offers $39,387 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers a solid foundation with 360-degree panoramic views and a unique upstairs bonus retreat. While cosmetic updates will modernize the 1996 finishes, the expansive 2-acre lot provides significant long-term value. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a private, scenic sanctuary.
Property is moderate renovation needed.
Built in 1996, the property is 30 years old and appears to be in its original architectural state. While the home is exceptionally well-maintained and move-in ready, the interior features—such as the brass ceiling fans, 90s-style shutters, and wall-to-wall carpeting—are dated. It lacks the recent renovations to kitchens and baths necessary for a 'Good' or 'Excellent' rating, fitting the criteria for a home over 20 years old needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 97574, living area = 3590.
The property features rare 360-degree views of oak-studded hills and the Central Coast landscape, offering a high-value aesthetic that is difficult to replicate.
With 3,590 square feet of living space and a unique upstairs bonus retreat, the home provides significant flexibility for a home office, art studio, or multi-generational living arrangements.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3590, other record living area = 2661. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has seen two price reductions within its first 36 days on the market, which may signal to buyers that the initial valuation was overly optimistic for the current local demand.
Built in 1996, the home is approaching a 30-year lifecycle where major systems and cosmetic finishes may require modernization to compete with newer luxury builds in the area.
Perched atop the rolling hills of San Marcos Road, this extraordinary retreat offers a rare opportunity to experience breathtaking 360-degree panoramic views that stretch across endless oak-studded hillsides and the stunning Central Coast landscape. From sunrise coffee to unforgettable sunsets, every window frames a picture-perfect view. Designed for both everyday living and entertaining, this versatile home features 4 bedrooms and 3 bathrooms, an expansive living room filled with natural light, and a separate tucked-away family room that offers the perfect space for movie nights, a game room, or a quiet escape. Upstairs, discover a hidden sanctuary unlike any other—a light-filled retreat surrounded by windows and immersed in nature. Whether you envision an inspiring art studio, a private home office, a dreamy reading room, a teenager's ultimate hangout, or a magical summer sleepaway space, this one-of-a-kind bonus area invites endless possibilities. Situated on over 2 private acres, the property feels like your own secluded hilltop oasis, with majestic oak trees, wide-open skies, and a remarkable sense of peace. Despite its generous size, the land is thoughtfully positioned to maximize privacy, creating the feeling that you have the entire hillside to yourself. If you've been searching for a home that combines stunning views, flexible living spaces, and the serenity of country living while remaining conveniently close to town, this exceptional San Marcos Road property is one you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 3,590 | 1,967.678 |
| Lot Size | 97,574 | 39,579.077 |
| Price | $1.12M | $856.1K |
| Price per sq ft | $313 | $461 |
| Built year | 1996 | 1989 |
| HOA | $0 | $211 |
| Days on market | 69 | 53 |
Sep 3, 2026
$1,124,000
$1,149,000
-2% Price Drop
Initial Listing
Jul 24, 2026
$1,149,000
$1,199,000
-4% Price Drop
Initial Listing
Jul 11, 2026
$1,199,000
$1,250,000
-4% Price Drop
Initial Listing
Jul 2, 2026
$1,250,000
Initial Listing
Jun 14, 1994
$80,000
Public Record