
San Luis Obispo, California 93401
Analysis of 1854 Sydney Street, San Luis Obispo, California 93401 is currently available with a list price of $2,998,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Luis Obispo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 1997, the property is 28 years old but presents in move-in ready condition with significant modern updates. The interior features contemporary light wood flooring, vaulted ceilings, and updated finishes that suggest a renovation within the last 5-15 years. High-end systems like owned solar, central vacuum, and a fire sprinkler system, combined with recent septic clearance, justify a 'Good' rating despite the chronological age exceeding 20 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 239580, living area = 5351.
Situated on five gated acres just minutes from downtown San Luis Obispo, this estate offers a rare blend of secluded hillside tranquility and immediate access to urban amenities and wine country.
The 5,351 sq. ft. floor plan features a private primary wing, an elevator, and a fully equipped separate guest suite with its own kitchen, making it ideal for multi-generational living or high-end hosting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =239580, other record lot size in square feet = 218235.
With over 250 days on the market and multiple price reductions, the property has struggled to find a buyer, which may indicate a disconnect between the asking price and current market demand.
The reliance on a private well and septic system rather than municipal utilities may require more intensive maintenance and specialized inspections compared to standard city-serviced properties.
PRICE IMPROVEMENT Set on five private acres just minutes from downtown San Luis Obispo, this gated estate offers a rare combination of privacy, panoramic views, and convenience. Elevated above the city, the property captures sweeping vistas across San Luis Obispo and the surrounding foothills while remaining close to Edna Valley wine country, dining, shopping, and recreation. Designed to embrace its spectacular setting, the home is filled with natural light and oriented toward the views from nearly every major room. Cathedral ceilings, expansive windows, and multiple terraces create a seamless connection between indoor and outdoor living. The thoughtfully designed floor plan balances privacy, flexibility, and connection to the outdoors. The primary suite occupies its own wing and features a dedicated study, dual-sided fireplace, walk-in closet, and flexible bonus room with direct outdoor access. Three additional bedroom suites each open to a balcony, terrace, or patio, while the separate guest suite offers its own kitchen, full bath, private balcony, and a wall of windows overlooking the surrounding landscape. Three fireplaces throughout the home add warmth and character, while elevator access provides convenient connectivity between levels. The family room and kitchen flow naturally to the outdoor entertaining areas, where an outdoor kitchen, southwest-facing pool, and spa overlook rolling hills, open skies, and sparkling evening city lights. Mature trees and the property’s elevated setting create an exceptional sense of seclusion, yet downtown San Luis Obispo and everyday conveniences remain just minutes away. Additional features include owned solar, central vacuum, RV hookups, automatic gated entry, fire sprinkler system, private well, and a septic system with recent clearance. Few properties combine five private acres, panoramic views, and such close proximity to downtown San Luis Obispo. 1854 Sydney presents a rare opportunity to experience the privacy and tranquility of a hillside estate while remaining connected to the dining, recreation, wine country, and distinctive Central Coast lifestyle that make San Luis Obispo so desirable.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 8.0 | 3.0 |
| Square foot | 5,351 | 1,868.778 |
| Lot Size | 239,580 | 6,365.978 |
| Price | $3.00M | $1.27M |
| Price per sq ft | $560 | $676 |
| Built year | 1997 | 1986 |
| HOA | $0 | $91 |
| Days on market | 282 | 49 |
Sep 7, 2026
$2,998,000
$3,185,000
-6% Price Drop
Initial Listing
Jun 20, 2026
$3,185,000
$3,298,000
-3% Price Drop
Initial Listing
Feb 28, 2026
$3,298,000
Initial Listing
Dec 1, 2025
$3,400,000
Initial Listing