1198 Tiburon Way, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 4 bath
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1198 Tiburon Way
San Luis Obispo, California 93401
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
2,232Sq Ft
0Lot Size
Property Price
LIST PRICE$1,075,000
EST. MARKET VALUE
$1,075,000
SUMMARY
This Modern Live/Work Townhouse is a Turnkey New Construction opportunity, listed at $1,075,000, which aligns perfectly with its $1,075,000 Fair Market Value. Built in 2026, the property features an Excellent Condition Rating with high-end finishes like quartz countertops and LG appliances. The versatile ground-floor studio offers exceptional utility for remote professionals, while the private deck provides a scenic neighborhood view. Located within the San Luis Coastal Unified district, this residence offers a sophisticated, low-maintenance lifestyle. It is an ideal acquisition for entrepreneurs or owner-occupants seeking a contemporary, move-in ready home.
Estimated Market Value
$1,075,000
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 |
|---|---|---|---|---|---|---|
★ 1198 Tiburon Way Subject 3 bd · 4 ba · 2,232 sqft · $482 | $1,075,000* List Price | 3 | 4 | 2,232 | $482 | - |
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 1196 Tiburon Way Active 3 bd · 4 ba · 2,221 sqft · $473 · 0.0 mi | $1,050,000 List Price | 3 | 4 | 2,221 | $473 | 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 a modern kitchen with quartz countertops and stainless steel appliances, designer bathrooms, and brand-new systems throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Live/Work Layout
The ground-floor commercial space or optional fourth bedroom with a full bath provides exceptional flexibility for entrepreneurs, remote professionals, or multi-generational living.
- Modern New Construction
Built in 2026, the residence features high-end contemporary finishes including quartz countertops, LG stainless steel appliances, and designer tile, ensuring a move-in-ready experience with low maintenance.
- Generous Square Footage
At 2,232 square feet, this townhouse offers a substantial amount of living space and a high bedroom-to-bathroom ratio that is rare for this property type in San Luis Obispo.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 146 days on the market, the property may face challenges regarding buyer perception or pricing alignment within the current local competitive landscape.
- Monthly HOA Fees
The $347 monthly association fee adds a recurring carrying cost that may impact the overall affordability and budget for some prospective buyers.
About 1198 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 commercial 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 | 2,232 | 1,582.556 |
| Lot Size | - | 1,805.667 |
| Price | $1.07M | $792.2K |
| Price per sq ft | $482 | $499 |
| Built year | 2026 | 2006 |
| HOA | $347.0 | $374 |
| Days on market | 163 | 59 |
Pricing History
Listed for Sale
May 14, 2026
$1,075,000
Initial Listing