229 Blue Sky, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 4 bed, 3 bath
229 Blue Sky
Arroyo Grande, California 93420
Property Price
SUMMARY
Analysis of 229 Blue Sky, Arroyo Grande, California 93420 reveals a Fairly Priced Property with a current list price of $1,975,000 aligned with the estimated $1,986,104 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Arroyo Grande 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is a well-maintained 1981 estate that appears move-in ready with no immediate renovations required. While the original construction is over 40 years old, the listing describes it as 'beautifully maintained' and highlights high-end features such as a temperature-controlled wine cellar, a guest ADU, and a sparkling swimming pool. The property shows minimal physical depreciation and benefits from significant pride of ownership, fitting the criteria for 'good' condition where systems are functional and the home has been updated over time even if not fully renovated within the last 5 years.
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 = 211266, living area = 2729.
- ADU and Income Potential
The property features a separate 1-bedroom, 1-bath guest unit with its own entrance, providing excellent flexibility for multi-generational living or rental income opportunities.
- Expansive Private Acreage
Set on 4.85 gated acres in the desirable East Arroyo Grande area, the estate offers rare privacy, tranquility, and vast space for outdoor recreation and gardening.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2729, other record living area = 2282. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2025-08-14. The sold price is $1,950,000.00.
- Vintage Construction
Built in 1981, the property may require updates to its original systems or cosmetic finishes to align with modern luxury expectations.
About 229 Blue Sky
Set behind a gated entry on 4.85 private acres in desirable East Arroyo Grande, this beautifully maintained single-level estate offers the perfect blend of space, flexibility, and country charm. The main residence features 3 bedrooms and 2 bathrooms, complemented by a lovely 1-bedroom, 1-bath guest unit/ADU with its own entrance—ideal for extended family, guests, or rental income. Designed for versatility, the home also includes a dedicated office, a temperature-controlled wine cellar, and an oversized flex space perfect for a workshop, home gym, or creative studio. The attached two-car garage includes a built-in workshop area, while a large detached carport provides even more room for vehicles, toys, or equipment. Outdoor living shines with a sparkling swimming pool, lush and beautifully maintained landscaping, established garden beds, and exceptional privacy throughout the property. Enjoy the tranquility of country living while remaining close to town conveniences in one of Arroyo Grande’s most sought-after locations.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 211,266 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,729 | 2,149.5 | 73% |
| Lot Size | 211,266 | 9,373.5 | 89% |
| Price | $1.98M | $1.20M | 85% |
| Price per sq ft | $724 | $563 | 88% |
| Built year | 1981 | 1993 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 184 | 4% |
Pricing History
Listed for Sale
Jan 29, 2026
$1,975,000
Initial Listing
Sold
Aug 14, 2025
$1,950,000
Public Record
Sold
Mar 23, 2007
$1,250,000
Public Record
Sold
Sep 10, 2002
$725,000
Public Record