2326 Santa Ynez Avenue, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 6 bed, 4 bath
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San Luis Obispo, California 93405
This Contemporary Net-Zero Residence represents a High-Potential Investment Opportunity, listed at $2,295,000—positioned well below the $2,381,960 Fair Market Value by 3%. This valuation gap offers $86,960 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a private ADU, GE Monogram appliances, and panoramic mountain views. Its energy-efficient design and proximity to Cal Poly make it a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, income-generating property in San Luis Obispo.
Property is new construction or fully renovated.
Built in 2020, this contemporary home is less than 10 years old and in mint condition. It features high-end modern finishes like Caesarstone quartz countertops and GE Monogram appliances, along with state-of-the-art systems including net-zero solar power, battery storage, and EV chargers.
The property includes a main 5-bedroom residence plus a fully attached 1-bedroom ADU with a private entrance, offering exceptional versatility for multi-generational living or high-yield rental income near Cal Poly.
As a true Net-Zero home featuring 100%-owned solar, LG Chem battery storage, and dual EV chargers, this property provides significant long-term utility savings and appeals to eco-conscious buyers.
Built in 2020 by luxury builders, the home features premium finishes including GE Monogram appliances, Caesarstone quartz, and a wraparound deck designed to maximize panoramic mountain and canyon views.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7228, other record lot size in square feet = 7725. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3246, other record living area = 2119. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The list price of $2.295M reflects a substantial premium over its $1.7M sale price in late 2023, which may present challenges for appraisal or buyer justification in the current market.
Being perched dramatically on a hill to maximize views often results in a lack of flat, usable yard space, which may be a drawback for families seeking traditional outdoor play areas.
Welcome to The Ridge at Monterey Heights - A luxury two home development nestled in the hills above Monterey Heights, San Luis Obispo. 2326 Santa Ynez (Lot 1) is a contemporary new construction home (built in 2020) with attached Accessory Dwelling Unit (ADU 2nd Unit). The home is perched on the hill dramatically overlooking the picturesque mountains and scenery beyond. Centrally located near Cal Poly and only minutes to Downtown SLO, the Monterey Heights neighborhood caters to families and students alike. The home is expertly designed by acclaimed architects TenOver Studio and custom built by luxury builder Ed Cuming Construction; maximizing views and functionality. This 3,246± Sq. Ft. home includes 5 bedrooms and 2.5 bathrooms within the main residence plus an attached 1 bedroom + 1 bathroom ADU below with private entrance; ideal for a large family or an investment property. Premium modern amenities include: custom solid wood cabinets certified by FSC, Tier 1 Caesarstone quartz countertops, engineered oak hardwood floors by Shaw, and GE Monogram professional grade appliances. The large wraparound deck allows panoramic views of the surrounding hills with ample space for entertaining guests. The Ridge is a true Net-Zero energy efficient home with 100%-Owned rooftop solar power, LG Chem Battery for onsite energy storage, and two ChargePoint electric vehicle chargers installed in the garage. Come experience contemporary living at The Ridge at Monterey Heights and schedule a walk-through.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,246 | 1,846 |
| Lot Size | 7,228 | 5,168 |
| Price | $2.29M | $1.23M |
| Price per sq ft | $707 | $655 |
| Built year | 2020 | 1989 |
| HOA | $0 | $116 |
| Days on market | 33 | 48 |
Jun 19, 2026
$2,295,000
Initial Listing
Sep 1, 2023
$1,700,000
Public Record
Dec 1, 2020
$1,500,000
Public Record
Feb 4, 2019
$145,000
Public Record
Jan 29, 2019
$435,000
Public Record