249 Margo Way, Pismo Beach, California 93449, Pismo Beach, 93449 - 3 bed, 2 bath
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Pismo Beach, California 93449
This Spacious Single-Level Residence is a Strong Value Opportunity, listed at $1,220,000—positioned well below the $1,258,932 Fair Market Value by 3%. This valuation gap offers $38,932 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home includes a newer roof and updated appliances, while offering room for cosmetic personalization. Located in the Lucia Mar Unified district, this property is an ideal fit for Owner-Occupants seeking coastal living or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 Margo Way Subject | $1,220,000* List Price | 3 | 2 | 2,193 | $574 | - |
A 72 El Viento Sold | $1,200,000 | 3 | 3 | 1,662 | $722 | 0.9 mi |
B 130 La Floricita Pending | $1,350,000 List Price | 3 | 3 | 2,252 | $599 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 38 years old (built 1986) and falls into the 'Fair' category as it is >20 years old with dated interior elements. While the listing notes a newer roof, new carpet, and updated appliances, the kitchen and family room retain 15-30 year old features such as fluorescent light boxes, older tile flooring, and 1980s wood paneling that require cosmetic updating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8925, living area = 2193.
The 2,193 sq.ft. single-story floor plan features soaring vaulted ceilings and a versatile sunroom, offering excellent accessibility and a spacious, light-filled environment.
An oversized 3-car garage with built-in storage provides rare and ample space for vehicles and coastal lifestyle essentials like surfboards and golf carts.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2193, other record living area = 2146.
The ocean views are described as 'peek-a-boo' from the kitchen and deck, which may be a drawback for buyers expecting more expansive or unobstructed coastal vistas at this price point.
Built in 1986, the home features original elements like a wood-clad family room and raised hearth stone fireplace that may require cosmetic modernization to meet contemporary tastes.
Coastal comfort meets timeless charm in this beautifully maintained single level home located just minutes from the sand in Pismo Beach. Offering 3 bedrooms, 2 bathrooms, and 2,193 sq.ft., this move-in-ready home captures the relaxed elegance of Central Coast living. Step inside to soaring vaulted ceilings, rich hardwood flooring, and an abundance of natural light that fills the spacious interior. Designed for both everyday living and entertaining, the home features two inviting living areas including a stunning living room with a raised hearth stone fireplace and a warm, wood-clad family room complete with a cozy wood burning stove. The kitchen has peek-a-boo ocean views, updated appliances, generous cabinetry, and expansive counter space. A versatile sunroom offers additional flexible living space ideal for a home office, reading room, or indoor-outdoor retreat. The spacious primary suite serves as a peaceful escape with an ensuite bath featuring a soaking tub, separate shower, and abundant storage. Two additional bedrooms provide comfort and plenty of space for guests or family. Numerous recent improvements including a newer roof and new carpeting enhance the home’s appeal and functionality. The oversized 3-car garage with built-in storage offers ample room for vehicles, surfboards, golf carts, and all your Central Coast lifestyle essentials. Outside, enjoy private outdoor living spaces, a spacious deck with peek-a-boo ocean views, and a peaceful setting just minutes from world class beaches, coastal trails, renowned wineries, golf, shopping, and dining. This beautiful home offers the rare opportunity to enjoy the very best of Pismo Beach living.
No exterior & parking available.
Grades K-6 • 4.2 mi
Grades 7-8 • 1.8 mi
Grades 8-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 2,193 | 1,993 | 63% |
| Lot Size | 8,925 | 5,097 | 84% |
| Price | $1.22M | $1.51M | 31% |
| Price per sq ft | $556 | $762 | 6% |
| Built year | 1986 | 1986 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 135 | 4% |
May 29, 2026
$1,220,000
Initial Listing
Dec 30, 2004
$695,000
Public Record