1106 Oceanaire, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 2 bed, 2 bath
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San Luis Obispo, California 93405
This Inviting Multi-Level Condo represents a Strong Value Opportunity, listed at $675,000—positioned well below the $719,933 Fair Market Value by 6%. This valuation gap secures $44,933 in Instant Equity for the buyer. Though currently holding a Fair Condition Rating with original 1982 finishes, the home boasts vaulted ceilings, a private patio, and a prime location within the San Luis Coastal Unified district. It is a strategic acquisition for Owner-Occupants seeking a value-add residence or Buy-and-Hold Investors targeting the high-demand SLO market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1106 Oceanaire Subject | $675,000* List Price | 2 | 2 | 1,330 | $541 | - |
A 11295 Los Osos Valley Road 14 Sold | $475,000 | 2 | 2 | 1,130 | $420 | 0.1 mi |
B 1445 Prefumo Canyon 20 Active | $680,500 List Price | 2 | 2 | 1,265 | $538 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this property is well-maintained and move-in ready but shows signs of its age. While the vaulted ceilings and layout are attractive, the kitchen and bathrooms feature older cabinetry, dated appliances, and standard fixtures consistent with a home that has not undergone a full modern renovation in the last 15 years. It meets the criteria for 'fair' as major components are functional but aesthetically outdated.
The multi-level design featuring vaulted ceilings and French doors creates a bright, voluminous living space that maximizes natural light and aesthetic appeal.
Situated in the desirable Windermere community, the property offers exceptional proximity to Laguna Lake Park, scenic hiking trails, and the amenities of downtown San Luis Obispo.
The layout with bedrooms on separate levels provides excellent privacy and flexibility, making it highly suitable for roommates, guests, or a professional home office setup.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1330, other record lot size in square feet = 133538.
The monthly association fee of $502 is relatively high, which may impact buyer affordability and the overall return on investment for potential landlords.
Built in 1982, the unit may require modern cosmetic updates or system upgrades to meet the expectations of buyers looking for contemporary finishes.
Vaulted Ceilings, Fireplace & Private Patio in Desirable Windermere – Minutes to Laguna Lake & Downtown SLO Imagine starting your morning with sunlight pouring through vaulted ceilings while you sip your coffee and plan the day. This inviting multi-level condo in the sought-after Windermere community offers a bright, open living space with a cozy fireplace and a layout designed for both comfort and privacy. Bedrooms on separate levels create flexibility for guests, roommates, or a home office, while French doors open to your own private patio—perfect for relaxing or enjoying the beautiful Central Coast weather. Located just minutes from Laguna Lake Park, hiking trails, shopping, and downtown San Luis Obispo, this home offers the ideal blend of convenience and 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,330 | 1,174 | 58% |
| Lot Size | 1,330 | 1,174 | 58% |
| Price | $675.0K | $637.2K | 50% |
| Price per sq ft | $508 | $581 | 17% |
| Built year | 1982 | 1985 | 42% |
| HOA | $502.0 | $447 | 58% |
| Days on market | 42 | 154 | 8% |
Mar 25, 2026
$675,000
$665,000
+2% Price Increase
Initial Listing
Mar 11, 2026
$665,000
Initial Listing