
San Luis Obispo, California 93405
This Spacious Ferrini Heights Residence is a Strong Value Opportunity, listed at $2,395,000—positioned well below the $2,518,281 Fair Market Value by 4%. This valuation gap provides $123,281 in Instant Equity. Boasting a Condition Rating of 3, the home features a quartz kitchen, owned solar, and a custom outdoor BBQ station with sweeping mountain views of Bishop Peak. Located in the San Luis Coastal Unified district, it balances premium lifestyle perks with sound financial upside. This is an exceptional find for Owner-Occupants or luxury-seeking buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 156 Anacapa Circle Subject | $2,395,000* List Price | 3 | 4 | 3,306 | $762 | - |
A 860 Skyline Drive Active | $2,600,000 List Price | 3 | 4 | 3,802 | $684 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant updates that elevate it above the 'fair' category despite its 1988 build date. Key improvements include a kitchen with modern quartz countertops and stainless steel appliances, updated laminate and tile flooring throughout, and 'like-new' central heating and air conditioning. The exterior is a highlight with professional landscaping and a high-end custom outdoor BBQ station. While well-maintained and featuring modern amenities like owned solar panels, it falls short of 'excellent' as it has not undergone a full contemporary architectural renovation and retains its original split-level 1980s configuration.
Situated in the prestigious Ferrini Heights neighborhood, this home offers breathtaking views of Bishop Peak and Cerro San Luis, with a trailhead located just half a block away.
The backyard is a private oasis featuring a custom-built BBQ station with granite counters, a shaded pergola, and mature fruit-bearing trees, perfect for high-end entertaining.
The property includes owned solar panels and a like-new central heating and air conditioning system, providing significant long-term value and utility savings.
The split-level design may be less desirable for buyers seeking a traditional two-story flow or those prioritizing single-level accessibility.
Built in 1988, some interior elements and the overall architectural style may require further modernization to compete with newer luxury builds in the same price bracket.
Don’t miss the opportunity to live in the highly desirable Ferrini Heights neighborhood of San Luis Obispo. This spacious approximately 3,200-square-foot home offers a versatile split-level layout with impressive views of Bishop Peak, Cerro San Luis, and the Cal Poly/Cuesta Grade. The home features two bedrooms and a full bathroom on the lower level, while the private primary suite upstairs includes a walk-in closet, full bathroom, and sweeping mountain views. On the main level, just off the entry hall, you’ll find a convenient half bathroom and a large flexible room that can serve as a parlor, office, bedroom, or family room. The living and dining areas flow naturally toward the kitchen with quartz countertops and a welcoming breakfast nook or reading area. Toward the back of the home are a pantry/storage room, three-quarter bathroom, laundry room, hobby rooms, and direct access to the attached two-car garage. Attractive laminate flooring and tile are found throughout. Comfort is ensured year-round with like-new central heating and air conditioning, along with two gas/wood-burning fireplaces. Central vacuum ports are installed throughout the home. Outside, the front and backyards have been professionally landscaped with automatic sprinklers, drip irrigation, and lighting. The front yard offers inviting sitting areas where you can enjoy sunrise views of Bishop Peak, with the trailhead located just half a block away. The backyard is designed for relaxing and entertaining with two sets of sliding doors opening to the patio and outdoor living areas. A custom-built barbecue station includes a sink, storage, small refrigerator, and large granite countertop. Enjoy meals under the shaded pergola that wipes clean with no need to paint. The lower backyard includes storage sheds and mature fruit-bearing avocado, orange, and lime trees. During the rainy season frogs can be heard in the small creek beyond the fully fenced yard, while birds and squirrels are year-round companions in this peaceful natural setting. Owned solar panels are included. Situated on a .28-acre lot in a quiet, friendly cul-de-sac with a pine-shaded parking area, the home is also close to local elementary schools and Cal Poly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,306 | 1,912 | 85% |
| Lot Size | 12,000 | 6,706.5 | 80% |
| Price | $2.40M | $1.27M | 85% |
| Price per sq ft | $724 | $698 | 56% |
| Built year | 1988 | 1979 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 140 | 4% |
Mar 16, 2026
$2,395,000
Initial Listing
Mar 8, 2021
$1,225,000
Public Record
Oct 22, 2004
$939,500
Public Record
Jul 9, 1999
$494,000
Public Record