1194 Tiburon Way, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 4 bath
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1194 Tiburon Way
San Luis Obispo, California 93401
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
2,221Sq Ft
0Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,086,425
3% BelowMARKET VALUE
SUMMARY
This Modern Live/Work Townhouse is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,086,426 Fair Market Value by 3%. This valuation gap offers $36,426 in Instant Equity for the buyer. Featuring a 2026 New Construction build with a Mint Condition Rating, this home includes premium quartz finishes and a versatile ground-floor office. Located in the San Luis Coastal Unified district, it is an ideal acquisition for remote professionals or owner-occupants seeking a turnkey, high-efficiency lifestyle.
Estimated Market Value
$1,086,425+$36,425 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 |
|---|---|---|---|---|---|---|
★ 1194 Tiburon Way Subject 3 bd · 4 ba · 2,221 sqft · $489 | $1,050,000* List Price | 3 | 4 | 2,221 | $489 | - |
A 1115 Tiburon Sold 3 bd · 3 ba · 1,619 sqft · $539 · 0.1 mi | $872,000 | 3 | 3 | 1,619 | $539 | 0.1 mi |
B 1174 Tiburon Sold 3 bd · 3 ba · 1,651 sqft · $488 · 0.0 mi | $805,000 | 3 | 3 | 1,651 | $488 | 0.0 mi |
C 1225 Sponza Dr 1 Sold 3 bd · 3 ba · 1,713 sqft · $531 · 0.1 mi | $910,000 | 3 | 3 | 1,713 | $531 | 0.1 mi |
D 1033 Tiburon Sold 3 bd · 3 ba · 1,651 sqft · $475 · 0.1 mi | $785,000 | 3 | 3 | 1,651 | $475 | 0.1 mi |
E 3824 Sebright Road 1 Sold 3 bd · 3 ba · 1,620 sqft · $571 · 0.1 mi | $925,000 | 3 | 3 | 1,620 | $571 | 0.1 mi |
F 3864 Righetti Ranch Road Sold 3 bd · 3 ba · 1,651 sqft · $520 · 0.2 mi | $859,000 | 3 | 3 | 1,651 | $520 | 0.2 mi |
G 1198 Tiburon Way Active 3 bd · 4 ba · 2,232 sqft · $482 · 0.0 mi | $1,075,000 List Price | 3 | 4 | 2,232 | $482 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
New construction (2026) in mint condition. Features modern kitchen with quartz countertops, full-height tile backsplashes, and LG stainless steel appliances. All systems (HVAC/Electric) are brand new, and the home requires no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Live/Work Layout
The ground-floor professional office or optional fourth bedroom with a full bath provides exceptional flexibility for entrepreneurs, remote workers, or multi-generational families seeking a functional home-business environment.
- Modern New Construction
As a 2026 build, the residence features high-end contemporary finishes, including quartz countertops, LG stainless steel appliances, and designer tile, offering the benefits of modern energy efficiency and zero immediate maintenance.
- Spacious Contemporary Design
Boasting over 2,200 square feet with mountain and neighborhood views, the home combines generous living space with premium materials like Melamine Thermo Composite flooring and full-height tile backsplashes.
CONSRISKS & DEFICIENCIES
- Multi-Level Configuration
The three-story layout requires frequent use of stairs to access primary living areas and bedrooms, which may be a drawback for buyers with mobility concerns or those preferring a more traditional single-level flow.
- Monthly HOA Obligations
The $347 monthly association fee represents a significant recurring expense that buyers must factor into their total monthly carrying costs alongside the million-dollar-plus purchase price.
About 1194 Tiburon Way
New Construction ready for move in. Welcome to The Collective at Righetti — a limited collection of four thoughtfully designed live/work residences in the heart of Righetti. Blending modern living with flexible street-level professional office space, these homes are ideal for entrepreneurs, creatives, and professionals seeking the convenience of living and working under one roof. Each residence offers 3 bedrooms and 2.5 baths across the second and third levels, plus a versatile ground-floor office, studio, or optional 4th bedroom with a full bath. Designed with contemporary finishes throughout, the interiors feature quartz countertops in kitchens and baths, full-height tile backsplashes in kitchens, LG stainless steel appliances, Melamine Thermo Composite (MTC) flooring in the main living areas, carpeted bedrooms, and designer tile in baths and laundry areas.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2026
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $347.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.9 |
| Square foot | 2,221 | 1,582.556 |
| Lot Size | - | 1,805.667 |
| Price | $1.05M | $792.2K |
| Price per sq ft | $473 | $499 |
| Built year | 2026 | 2006 |
| HOA | $347.0 | $374 |
| Days on market | 18 | 59 |
Pricing History
Listed for Sale
Oct 6, 2026
$1,050,000
Initial Listing