
San Luis Obispo, California 93405
This Windermere Condominium is a Strong Value Opportunity, listed at $649,000—positioned well below the $684,265 Fair Market Value by 5%. This valuation gap offers $35,265 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the property offers a spacious, light-filled layout with a Private Patio and Soaring Ceilings, providing a solid foundation for cosmetic updates. Ideally located near Laguna Lake Park, this is a prime acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a well-located asset in the San Luis Coastal Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1106 Oceanaire 1 Subject 2 bd · 2 ba · 1,330 sqft · $514 | $649,000* List Price | 2 | 2 | 1,330 | $514 | - |
A 1750 Prefumo Canyon 58 Sold 2 bd · 2 ba · 1,001 sqft · $541 · 0.5 mi | $542,000 | 2 | 2 | 1,001 | $541 | 0.5 mi |
B 1750 Prefumo Canyon 22 Sold 2 bd · 2 ba · 1,001 sqft · $529 · 0.4 mi | $530,000 | 2 | 2 | 1,001 | $529 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property is well-maintained but dated. The kitchen and bathrooms feature older tile countertops and white appliances, suggesting the last significant renovation was likely over 20 years ago. While move-in ready, it fits the criteria for needing cosmetic updates.
The end-unit location combined with soaring ceilings, a multi-level design, and abundant windows creates a bright, voluminous living space that feels significantly more open than a traditional condo.
The thoughtful floor plan places bedrooms on separate levels, offering maximum privacy for roommates, guests, or a home office setup, further enhanced by the lack of neighbors on one side.
Located near Laguna Lake Park and various hiking and biking trails, the property offers an ideal lifestyle for outdoor enthusiasts while maintaining proximity to downtown San Luis Obispo.
The $502 monthly association fee is a substantial recurring cost that may impact the overall affordability and appeal for budget-conscious buyers.
Built in 1982, the property may require capital improvements or cosmetic updates to meet modern energy efficiency standards and contemporary design preferences.
Light-Filled End Unit with Soaring Ceilings, Fireplace & Private Patio in Windermere Step inside this distinctive 2-bedroom, 2-bath Windermere condo and discover a home that feels anything but ordinary. Soaring ceilings, abundant windows and an open multi-level design create an impressive sense of space, while the living room fireplace provides a warm focal point at the heart of the home. The adjoining dining area is filled with natural light and features a charming bay window seat and French doors opening to the private patio—an inviting extension of the living space for morning coffee, outdoor dining or relaxing in the Central Coast sunshine. The kitchen connects easily to the dining area with additional seating at the breakfast bar. The thoughtful multi-level floor plan places the bedrooms on separate levels, offering welcome flexibility and privacy for guests, a home office or everyday living. The upper bedroom feels especially spacious with vaulted ceilings, abundant natural light and generous closet space. Additional highlights include indoor laundry, a detached garage and the privacy of an end-unit location. Conveniently situated near Laguna Lake Park, hiking and biking trails, shopping, dining and downtown San Luis Obispo, this home combines architectural character, outdoor space and everyday convenience in one of SLO’s established residential communities. Come experience the space, light and character of 1106 Oceanaire Drive #1.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,330 | 1,139.484 |
| Lot Size | 1,330 | 1,191.161 |
| Price | $649.0K | $758.3K |
| Price per sq ft | $488 | $592 |
| Built year | 1982 | 1988 |
| HOA | $502.0 | $397 |
| Days on market | 20 | 62 |
Oct 4, 2026
$649,000
Initial Listing
May 9, 2019
$469,000
Public Record
Jul 8, 2014
$373,500
Public Record
Jul 12, 2005
$490,000
Public Record
Oct 24, 2003
$381,000
Public Record
Aug 7, 1996
$121,500
Public Record