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

129 Park Place
Pismo Beach, California 93449
Property Price
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
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the home as a contemporary residence suggest that the kitchen, bathrooms, and major systems are significantly outdated and require rehabilitation to meet modern luxury standards.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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 8.0 | 3.0 | 97% |
| Square foot | 6,275 | 1,857 | 97% |
| Lot Size | 135,907 | 5,889 | 97% |
| Price | $10.80M | $1.45M | 97% |
| Price per sq ft | $1.7K | $788 | 97% |
| Built year | 1946 | 1986 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 205 | 5% |
Pricing History
Listed for Sale
Feb 26, 2026
$10,800,000
Initial Listing
Price Change
Jan 8, 2026
$12,000,000
Initial Listing







































