2468 Falcon Drive, Paso Robles, California 93446, Paso Robles, 93446 - 3 bed, 2 bath
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2468 Falcon Drive
Paso Robles, California 93446
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,660Sq Ft
11,967Lot Size
Property Price
LIST PRICE$690,000
EST. MARKET VALUE
$690,000
SUMMARY
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $690,000—positioned at its $690,000 Fair Market Value. The property is in Condition Rating 3, featuring recent cosmetic updates, a brand new A/C system, and new kitchen appliances. With a generous 11,967 sq. ft. lot, the home offers significant ADU Potential and outdoor living space. Located in the heart of Paso Robles wine country, this home is an ideal acquisition for Owner-Occupants seeking a move-in ready retreat or Buy-and-Hold Investors targeting long-term appreciation.
Estimated Market Value
$690,000
Based on Realkey algorithm analyzing recent comparable sales in Paso Robles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2468 Falcon Drive Subject 3 bd · 2 ba · 1,660 sqft · $416 | $690,000* List Price | 3 | 2 | 1,660 | $416 | - |
A 1634 Rambouillet Sold 4 bd · 3 ba · 1,976 sqft · $398 · 0.9 mi | $787,000 | 4 | 3 | 1,976 | $398 | 0.9 mi |
B 834 Nicklaus Sold 3 bd · 2 ba · 1,576 sqft · $418 · 1.0 mi | $659,000 | 3 | 2 | 1,576 | $418 | 1.0 mi |
C 829 Saint Andrews Circle Sold 3 bd · 2 ba · 1,757 sqft · $455 · 0.7 mi | $799,000 | 3 | 2 | 1,757 | $455 | 0.7 mi |
D 2421 Winding Brook Road Sold 3 bd · 2 ba · 1,491 sqft · $490 · 0.7 mi | $730,000 | 3 | 2 | 1,491 | $490 | 0.7 mi |
E 2457 Winding Brook Road Sold 4 bd · 2 ba · 1,852 sqft · $400 · 0.8 mi | $739,900 | 4 | 2 | 1,852 | $400 | 0.8 mi |
F 1238 Katherine Court Sold 3 bd · 2 ba · 1,286 sqft · $529 · 0.9 mi | $680,000 | 3 | 2 | 1,286 | $529 | 0.9 mi |
G 1523 Country Club Drive Active 3 bd · 2 ba · 1,594 sqft · $518 · 0.8 mi | $825,000 List Price | 3 | 2 | 1,594 | $518 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1990 with recent cosmetic updates including new LVP flooring, fresh paint, and stone countertops. The property features a brand new A/C system and new kitchen appliances (range and dishwasher). While the kitchen cabinets are the original 1990s style, they have been refreshed with paint, making the home functional and move-in ready.
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 = 11967, living area = 1660.
- Expansive Lot with ADU Potential
The generous 11,967 sq. ft. lot provides ample space for outdoor entertaining and offers significant potential to add an Accessory Dwelling Unit (ADU) for rental income or multi-generational living.
- Modernized Essentials & No HOA
This updated home features a brand new A/C system, new kitchen appliances, and skylights, providing move-in readiness and modern comfort without the added burden of monthly HOA fees.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 176 days on the market, the property has experienced significant stagnation, which may lead prospective buyers to perceive the listing as stale or question its competitive positioning.
- Recent Price Correction
A recent $40,000 price reduction from the original list price suggests that the property struggled to attract buyers at its initial valuation, potentially impacting its perceived investment stability.
About 2468 Falcon Drive
Welcome to the wine country of Paso Robles, also known as - "Best Small Town for Retirement!" A great opportunity to own a vacation home or your retirement home at 2468 which I know you will appreciate. A single family home without additional HOA fees. The home has been updated and sits on a lot size of 11,967 sq ft and a living space of 1,660 sq ft that comes with 3 beds and 2 baths, a large living room with skylights, spacious kitchen, breakfast bar and dining room. Brand new A/C, skylight and new cook range and new dishwasher to enjoy. A huge backyard that can fit an ADU for additional dwelling or hold family gatherings for any occasion. Also located in close proximity are restaurants, stores, schools, golf course, wineries, 805 Brewery, parks, sports clubs, etc. All with easy access to the freeway. Open House this weekend Sat and Sun: Oct 10th & 11th, from 1:30 to 5:30 pm. Come check it out before it is gone and see you there!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 11,967 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,660 | 1,827.602 |
| Lot Size | 11,967 | 8,814.944 |
| Price | $690.0K | $812.6K |
| Price per sq ft | $416 | $445 |
| Built year | 1990 | 1990 |
| HOA | $0 | $186 |
| Days on market | 190 | 66 |
Pricing History
Listed for Sale
Oct 10, 2026
$690,000
$730,000
-5% Price Drop
Initial Listing
Price Change
Apr 17, 2026
$730,000
Initial Listing
Sold
Oct 12, 2021
$618,000
Public Record
Sold
Jan 13, 2012
$290,000
Public Record