1224 Manzanita, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 3 bath
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San Luis Obispo, California 93401
This townhome in Islay Pointe Villas represents a Strong Value Opportunity, listed at $750,000—positioned above the $712,481 Fair Market Value by -5%. While the property requires cosmetic updates to its Fair Condition Rating, the functional floor plan featuring Dual Primary Suites and a private patio offers significant lifestyle appeal. Located in the San Luis Coastal Unified district, this home provides a stable foundation for those seeking a prime location near downtown SLO. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1224 Manzanita Subject | $720,000* List Price | 2 | 3 | 1,311 | $513 | - |
A 1288 Chaparral Sold | $780,000 | 2 | 3 | 1,537 | $507 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this 27-year-old townhome falls into the 'Fair' category as it is over 20 years old with mostly original finishes. While the laminate flooring and paint appear updated, the kitchen and bathrooms retain original oak cabinetry and tile countertops which are considered dated by modern standards. The property is functional and well-maintained but requires cosmetic updates to the primary systems and wet areas to reach a higher rating.
The floor plan is highly functional for roommates or guests, featuring two spacious upstairs bedrooms each equipped with its own private en-suite bathroom.
Located in the desirable Islay Pointe Villas, the property offers excellent proximity to downtown San Luis Obispo, Islay Hill hiking trails, and French Park.
The community provides high-value amenities including a pool, spa, and clubhouse, complemented by the rare convenience of a detached two-car garage.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1481, living area = 1311.
The monthly HOA fee of $464 represents a significant recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
Built in 1997 and featuring tile countertops, the home may require additional capital investment for cosmetic modernizations to compete with newer area developments.
: Welcome to 1224 Manzanita Way, located in the highly desirable Islay Pointe Villas community in San Luis Obispo. Conveniently situated near downtown SLO, shopping, dining, hiking trails, parks, and everything the Central Coast lifestyle has to offer, this well-maintained townhome combines comfort, convenience, and low-maintenance living. The functional floor plan features two spacious upstairs bedrooms, each with its own private bathroom, plus a convenient half bath downstairs for guests. Attractive laminate flooring, abundant natural light, and an inviting living area create a warm and comfortable space to call home. The kitchen offers tile countertops, ample cabinetry, a breakfast bar, and opens seamlessly to the dining and living areas, making it ideal for both everyday living and entertaining. Enjoy your own private outdoor patio space, perfect for morning coffee, evening relaxation, or weekend BBQs. Residents of Islay Pointe Villas enjoy exceptional community amenities including a pool, spa and clubhouse. Additional features include a detached two-car garage and a prime location close to Islay Hill, French Park, shopping, restaurants, and outdoor recreation. Whether you're looking for your first home, a second home, or an investment opportunity, this is a fantastic chance to own in one of San Luis Obispo's most sought-after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,311 | 1,846 |
| Lot Size | 1,481 | 5,168 |
| Price | $720.0K | $1.23M |
| Price per sq ft | $549 | $655 |
| Built year | 1997 | 1989 |
| HOA | $464.0 | $116 |
| Days on market | 41 | 48 |
Jul 16, 2026
$720,000
$735,000
-2% Price Drop
Initial Listing
Jun 23, 2026
$735,000
$750,000
-2% Price Drop
Initial Listing
Jun 11, 2026
$750,000
Initial Listing
Aug 20, 2019
$528,500
Public Record
Jun 27, 2013
$404,500
Public Record
Jun 26, 1997
$153,000
Public Record