1106 Oceanaire 45, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 3 bed, 3 bath
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1106 Oceanaire 45
San Luis Obispo, California 93405
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,768Sq Ft
1,768Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$810,462
7% BelowMARKET VALUE
SUMMARY
This Turnkey Townhome represents a Strong Value Opportunity, listed at $749,000—positioned well below the $810,463 Fair Market Value by 7%. This valuation gap provides $61,463 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes recent upgrades like new luxury vinyl flooring and energy-efficient LED lighting. With a private patio and scenic Hills View, this property offers a balanced lifestyle near Laguna Lake Park. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready residence.
Estimated Market Value
$810,462+$61,462 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1106 Oceanaire 45 Subject 3 bd · 3 ba · 1,768 sqft · $458 | $749,000* List Price | 3 | 3 | 1,768 | $458 | - |
A 11295 Los Osos Valley 23 Sold 2 bd · 2 ba · 1,125 sqft · $502 · 0.1 mi | $565,000 | 2 | 2 | 1,125 | $502 | 0.1 mi |
B 905 Madonna Road 41 Sold 3 bd · 3 ba · 1,587 sqft · $532 · 0.7 mi | $845,000 | 3 | 3 | 1,587 | $532 | 0.7 mi |
C 1106 Oceanaire 1 Active 2 bd · 2 ba · 1,330 sqft · $488 · 0.0 mi | $649,000 List Price | 2 | 2 | 1,330 | $488 | 0.0 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 1981, the property is move-in ready due to significant recent cosmetic updates and professional maintenance. It features brand new 20-mil LVP flooring, fresh paint, and upgraded LED lighting. While the kitchen and bathrooms are dated in style, they have been professionally restored and resealed, and the HVAC system has been recently serviced.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Condition
The property has undergone extensive recent updates, including new 20-mil commercial-grade luxury vinyl flooring, fresh paint, and upgraded LED lighting, ensuring a turnkey experience for the buyer.
- Prime Location
Ideally situated in the Windermere community, the home offers convenient access to Laguna Lake Park, shopping centers, downtown San Luis Obispo, and Cal Poly.
- Spacious and Functional Layout
At 1,768 square feet, this townhome provides a generous living area featuring a cozy fireplace, a private patio, and scenic hill views, offering more space than typical condominiums.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-06-23. The sold price is $704,000.00.
- High Association Fees
The monthly HOA fee of $502 is a significant recurring cost that may impact the overall affordability and monthly budget for prospective owners.
- Property Age
Built in 1981, the property may eventually require maintenance or upgrades to older infrastructure and common elements typical of a 40-plus-year-old complex.
About 1106 Oceanaire 45
Welcome to 1106 Oceanaire Drive #45, a thoughtfully updated townhome in San Luis Obispo's desirable Windermere community. 3 bed, 2.5 bath, 1768 sq ft. The work is already done here, so you can simply unpack and enjoy. The main living area centers on a cozy fireplace and opens to a private patio, a great spot for morning coffee or relaxing in the evening. Upstairs, new 20 mil commercial-grade luxury vinyl flooring runs seamlessly across the entire level, paired with freshly painted guest bedrooms. Ceilings have been repainted, and every bulb has been upgraded to energy-efficient LED. In the kitchen, the dated lightbox was replaced with clean, modern recessed lighting, and a new ceiling fan keeps the dining area comfortable. Tile throughout was professionally polished and resealed by Sir Grout. Bathtubs and upstairs sinks have been resealed, and the guest bath has a new faucet. The sliding doors were repaired and fitted with new screens, HVAC filters were replaced, and the washer and dryer were cleaned and serviced. Close to Laguna Lake Park, shopping, downtown, and Cal Poly, this home offers easy SLO living with peace of mind built in.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 1,768 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $502.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.1 |
| Square foot | 1,768 | 1,139.484 |
| Lot Size | 1,768 | 1,191.161 |
| Price | $749.0K | $758.3K |
| Price per sq ft | $424 | $592 |
| Built year | 1981 | 1988 |
| HOA | $502.0 | $397 |
| Days on market | 5 | 62 |
Pricing History
Listed for Sale
Oct 19, 2026
$749,000
Initial Listing
Sold
Jun 23, 2026
$704,000
Public Record
Sold
May 2, 2014
$399,000
Public Record
Sold
Apr 14, 2005
$489,000
Public Record
Sold
Jun 21, 2002
$370,000
Public Record
Sold
Nov 10, 1993
$167,500
Public Record