1196 Tiburon Way, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 4 bath
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1196 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
$1,050,000
SUMMARY
This Modern Live/Work Townhouse is a Turnkey Residential Opportunity, listed at $1,050,000, which aligns perfectly with its $1,050,000 Fair Market Value. Built in 2026, the property features an Excellent Condition Rating with high-end quartz finishes and LG appliances. The versatile ground-floor studio provides a unique professional workspace, while the balcony offers scenic mountain views. Located within the San Luis Coastal Unified district, this home balances contemporary lifestyle needs with long-term stability. It is an ideal acquisition for Remote Professionals or Owner-Occupants seeking a sophisticated, low-maintenance residence.
Estimated Market Value
$1,050,000
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 |
|---|---|---|---|---|---|---|
★ 1196 Tiburon Way Subject 3 bd · 4 ba · 2,221 sqft · $473 | $1,050,000* List Price | 3 | 4 | 2,221 | $473 | - |
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.
This is a brand-new 2026 construction in mint condition. The property features a modern kitchen with quartz countertops and LG stainless steel appliances, contemporary bathrooms with designer tile, and brand-new systems throughout, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Live/Work Design
The unique ground-floor office/studio space with a full bath offers exceptional flexibility for entrepreneurs or remote professionals seeking a dedicated workspace separate from the main living areas.
- Modern New Construction
Built in 2026, the home features high-end contemporary finishes including quartz countertops, LG stainless steel appliances, and designer tile, ensuring a move-in-ready experience with low maintenance.
- Scenic Mountain Views
The property captures beautiful mountain and neighborhood views, enhancing the aesthetic appeal and providing a sense of openness and tranquility within the San Luis Obispo landscape.
CONSRISKS & DEFICIENCIES
- Recurring HOA Costs
The $347 monthly association fee adds a significant recurring expense to the cost of ownership, which may impact the overall affordability for some buyers.
- Extended Days on Market
Having been active for 121 days, the property has experienced a longer-than-average listing period, which could suggest a niche market for the live/work configuration at this price point.
About 1196 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 | 138 | 59 |
Pricing History
Listed for Sale
Jun 8, 2026
$1,050,000
Initial Listing