
San Luis Obispo, California 93401
This Single-Level Condominium is a High-Potential Investment Opportunity, listed at $749,000—positioned above the $642,336 Fair Market Value. While the property carries a premium, it offers a rare, stair-free layout with a versatile flex den and a Condition Rating of 4. Featuring a remodeled primary bath, private Zen-like patio, and access to resort-style amenities, the home provides a unique lifestyle in the Arbors neighborhood. This property is an ideal acquisition for Downsizing Retirees or Owner-Occupants seeking a low-maintenance, accessible residence in a prime SLO location.
Rare single-level condo in San Luis Obispo's Arbors neighborhood. Features flex den, remodeled bath, private patio, and resort-style pool. Prime SLO location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1298 Manzanita Way Subject | $749,000* List Price | 1 | 1 | 1,107 | $580 | - |
A 839 Marigold Court Sold | $700,000 | 2 | 1 | 900 | $778 | 0.5 mi |
B 993 Bluebell Way Active | $845,000 List Price | 2 | 2 | 1,110 | $761 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995 (29 years old), the property is meticulously maintained but largely dated. While the primary bathroom features a remodeled walk-in shower, the kitchen remains in its original 1990s state with oak cabinetry, white appliances, and wallpaper. The home is functional and move-in ready with central AC, but the age of the systems and cosmetic finishes align with the Fair criteria.
The home features a rare, stair-free layout with a versatile 'flex' den that easily converts to a second bedroom, offering excellent accessibility and functional living space.
As the former showcase model, the property boasts meticulous maintenance, designer lighting, solar tubes for natural light, and a recently remodeled primary bathroom with a custom walk-in shower.
Situated on a premium corner lot, residents enjoy a Zen-like private patio and access to resort-style community amenities, all while being minutes from Edna Valley wineries and local shopping.
With only one formal bedroom and one bathroom, the property may have limited appeal for buyers requiring multiple dedicated private suites or guest accommodations.
The monthly association fee of $464 adds a substantial recurring expense to the cost of ownership, which may impact the overall affordability for budget-conscious buyers.
A Legacy of Elegance." Rarely does an opportunity arise to possess a piece of the community's heritage. This home is offered for the first time by its sole owner and holds a unique history as the original showcase model for the Islay Hill Villas located in the desirable "Arbors" neighborhood. The residence is celebrated for its pristine, effortless single-level design with absolutely no stairs, meticulously maintained interior accents like designer lighting (Three independent solar tubes for optimal natural lighting), custom built-ins, and a highly versatile "Flex" layout, large den that can easily convert into a formal second bedroom. A spacious master suite w/walk-in customized closet. Remodeled primary bathroom with gorgeous walk-in tiled shower. This home also includes central air conditioning. Located on a premium corner lot with a driveway and is next to visitor/permit parking and a handicap parking space. Finally, relax on your Zen-like patio with fountains, lush landscaping, and privacy. The residents have access to a resort-like pool and clubhouse. Beyond the home, the surrounding neighborhood balances luxury lifestyle amenities—such as proximity to the premier Edna Valley Wineries, SLO County Airport, Public Transportation, walking paths, biking paths, hiking trails, dog parks, hill views, and local restaurants—with everyday essentials including a Vons, CVS Pharmacy, Planet Fitness, UPS, Starbucks, Big Five, Nail Salon, Urgent Care, Vet clinic, Old SLO BBQ and more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 1,107 | 1,306 |
| Lot Size | 2,203 | 1,451 |
| Price | $749.0K | $708.5K |
| Price per sq ft | $677 | $558 |
| Built year | 1995 | 1997 |
| HOA | $464.0 | $342 |
| Days on market | 32 | 51 |
Jun 20, 2026
$749,000
Initial Listing
Oct 15, 1997
$149,000
Public Record