2387 Carpenter Canyon, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 4 bed, 4 bath
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2387 Carpenter Canyon
San Luis Obispo, California 93401
ACTIVE
CONDITION: GOOD
4Beds
4Baths
3,523Sq Ft
871,200Lot Size
Property Price
LIST PRICE$2,675,000
SUMMARY
Discover the perfect blend of privacy, space, & versatility with this 3,523 square foot featuring 4 bedrooms and 4 bathrooms on 20 acres nestled among the rolling hills and majestic oaks of Carpenter Canyon. Just minutes from downtown, this peaceful retreat offers the best of country living with convenient access to shopping, dining, wineries, and the central coast's beautiful beaches. The main residence features lofted ceilings and granite counters, expansive living areas, abundant natural light, and picturesque views of the surrounding countryside. Designed for comfortable everyday living and effortless entertaining, the home offers generous indoor and outdoor spaces for gathering with family and friends. Adding to the property's exceptional versatility is a well-appointed 1,400 square foot 3-bedroom 2-bath modular residence, ideal for extended family, visitors, a caretaker, or potential rental income. A standout feature is the red barn, thoughtfully transformed into an inviting gathering space complete with a partial kitchen, creating the perfect setting for celebrations & holiday gatherings while preserving its rustic charm. Rarely does a property offer this combination of acreage, multiple residences, and entertaining spaces with a prime SLO location!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005, the property is just over 20 years old but appears exceptionally well-maintained, functional, and move-in ready. The kitchen features high-quality granite countertops, a large island, and stainless steel appliances. The bathrooms and interior spaces are clean and in great condition, showing no signs of deferred maintenance despite some slightly dated design elements like the glass block wall.
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 = 871200, living area = 3523.
- Multi-Structure Versatility
The property features a 3,523 sqft main residence, a 1,400 sqft modular home, and a converted red barn, offering exceptional potential for multi-generational living, guest housing, or rental income.
- Expansive Private Acreage
Situated on 20 acres of rolling hills and majestic oaks, this estate provides rare privacy and a tranquil country lifestyle while remaining just minutes from downtown San Luis Obispo and local beaches.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871200, other record lot size in square feet = 779181. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3523, other record living area = 3371.
- Market Stagnation
With 74 days on the market and a recent price reduction from the original $2.8M listing, the property may be facing challenges in attracting buyers at its current valuation.
- Secondary Unit Construction
The secondary residence is a modular home, which may not align with the aesthetic or long-term value expectations of some luxury buyers compared to traditional stick-built construction.
About 2387 Carpenter Canyon
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 871,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,523 | 1,906.09 |
| Lot Size | 871,200 | 6,523.766 |
| Price | $2.67M | $1.28M |
| Price per sq ft | $759 | $683 |
| Built year | 2005 | 1986 |
| HOA | $0 | $86 |
| Days on market | 100 | 49 |
Pricing History
Listed for Sale
Sep 2, 2026
$2,675,000
$2,800,000
-4% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$2,800,000
Initial Listing
Sold
Jun 10, 2002
$380,000
Public Record
Sold
Feb 8, 2002
$380,000
Public Record