129 Park Place, Pismo Beach, California 93449, Pismo Beach, 93449 - 6 bed, 8 bath

129 Park Place, Pismo Beach, California 93449 home-pic-0

129 Park Place

Pismo Beach, California 93449

ACTIVE UNDER CONTRACT
CONDITION: POOR
6Beds
8Baths
6,275Sq Ft
135,907Lot Size

Property Price

LIST PRICE$10,800,000

SUMMARY

Analysis of 129 Park Place, Pismo Beach, California 93449 is currently available with a list price of $10,800,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Pismo Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1946, this estate is marketed primarily for its land value and 'exceptional development potential.' While the exterior maintains a classic Spanish-style aesthetic, the description and property analysis indicate the residence requires substantial modernization or a complete rebuild. The presence of 'original architectural details' and the suggestion to 'reimagine' the home as a contemporary residence suggest that the kitchen, bathrooms, and major systems are significantly outdated and require rehabilitation to meet modern luxury standards.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 135907, living area = 6275.

  • Exceptional Development Potential

    Spanning over 3 acres of rare oceanfront bluff, this expansive parcel offers a unique opportunity for a world-class contemporary estate, multi-structure compound, or luxury boutique retreat.

  • Unmatched Coastal Vistas

    The estate provides breathtaking, unobstructed panoramic views of the Pacific Ocean, stretching from the rugged cliffs of Avila Beach to the distant silhouette of Point Sal.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 6275, other record living area = 4419. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 7.

  • Significant Renovation Required

    Built in 1946, the existing residence likely requires substantial modernization or a complete rebuild to meet contemporary luxury standards and maximize the site's value.

  • Complex Entitlement Process

    Any ambitious redevelopment or commercial use, such as a boutique hotel or wellness retreat, would face rigorous and potentially lengthy regulatory approval processes.

About 129 Park Place

Discover one of the most extraordinary oceanfront properties on California’s Central Coast. Set atop a dramatic 3.12-acre bluff this prestigious gated Spanish-style estate offers unobstructed views that sweep endlessly across the Pacific—from the rugged cliffs of Avila Beach to the distant silhouette of Point Sal. With an impressive 6,275 square feet of interior space, the existing 6-bedroom, 8-bath residence reflects classic California design, showcasing expansive ocean-facing living areas, and thoughtfully framed coastal vistas. Sunlight pours through the home’s generous windows, illuminating original architectural details and connecting each room directly to the sea. Outdoors, a collection of patios, terraces, and walkways meander through mature gardens and sheltered sitting areas, culminating at a bluff side pool that appears to float above the shoreline below. Surrounded by natural landscape, open sky, and the sound of waves meeting the coast, the privacy and scale of this estate are unmatched. Yet it is the land itself that elevates 129 Park Place into a class of its own. Opportunities to own more than three acres of prime oceanfront in Pismo Beach are exceedingly rare, and this expansive parcel offers exceptional development potential. Whether reimagined as a world-class contemporary residence, expanded into a multi-structure compound, or explored as a boutique luxury hotel, wellness retreat, or exclusive corporate sanctuary (subject to approvals), the site provides a once-in-a-generation canvas for a visionary transformation. Residing within a secure gated estate that includes private amenities such as a tennis court, the property offers seclusion and serenity while remaining mere minutes from Pismo’s vibrant dining, shopping, and resort district. 129 Park Place is more than a property—it is a coastal destination, a future landmark, and one of the most significant oceanfront development opportunities ever offered on the Central Coast.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1946
Lot Size
135,907 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
8 (8 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.03.0
97%
Baths8.03.0
97%
Square foot6,2751,857
97%
Lot Size135,9075,889
97%
Price$10.80M$1.45M
97%
Price per sq ft$1.7K$788
97%
Built year19461986
8%
HOA$0$0
50%
Days on market58205
5%

Pricing History

Listed for Sale

Feb 26, 2026

$10,800,000

Initial Listing

Price Change

Jan 8, 2026

$12,000,000

Initial Listing

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