
Arroyo Grande, California 93420
This Contemporary Coastal Estate is a Prime Investment Opportunity, listed at $2,295,000—positioned well below the $2,586,833 Fair Market Value by 11%. This valuation gap offers $291,833 in Instant Equity. Boasting a Good Condition Rating, the residence features panoramic ocean views, a refrigerated wine cellar, and 1,600+ sqft of view decks on a 2.5-acre lot. Located in the gated Falcon Ridge Estates within the Lucia Mar Unified district, it is perfect for Owner-Occupants or Luxury Investors seeking a high-equity sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 272 Candice Court Subject | $2,295,000* List Price | 4 | 3 | 4,219 | $613 | - |
A 172 Falcon Crest Active | $2,650,000 List Price | 4 | 3 | 3,769 | $703 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1990-built estate is in move-in ready condition and has been exceptionally well-maintained. The kitchen features modern updates including custom cabinetry, stone countertops, and high-end stainless steel appliances. The home includes refined features such as dual HVAC systems, a refrigerated wine cellar, and a spa-like primary bathroom. While the architectural style reflects its original era, the quality of materials and lack of deferred maintenance align with the 'good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 108900, living area = 4219.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Commanding a breathtaking vantage point within the exclusive gated enclave of Falcon Ridge Estates, this extraordinary contemporary single-level estate captures sweeping, unobstructed views of the Pacific Ocean, golden dunes, and rolling coastal hills. Set on approximately 2.5 acres of pristine land, the property offers rare privacy, grandeur, and limitless potential. A long, graceful approach through mature, manicured landscaping leads to an impressive three-car garage and a custom-crafted entry. Inside, walls of glass dissolve the boundary between indoors and out, revealing awe-inspiring vistas from nearly every room. The dramatic sunken living room is a showpiece with soaring ceilings, expansive windows, and an abundance of natural light creating a space that is both striking and serene. The adjacent family room offers a more intimate retreat, anchored by a fireplace and opening seamlessly to the expansive decks beyond. Designed for effortless entertaining and elevated daily living, the home features multiple dining experiences, from a refined formal dining room to a sunlit breakfast nook and unforgettable al fresco settings. The kitchen is sleek and sophisticated, appointed with custom tinted cabinetry, luminous countertops, a generous island with seating, and stainless steel appliances. Over 1,600 square feet of view decks wrap the home, inviting you to entertain under the stars, host unforgettable gatherings, or simply savor the tranquility of the coastal horizon. Refined amenities elevate the experience, including dual HVAC systems, a refrigerated wine cellar, and a panoramic-view office, ideal for inspired work-from-home living or easily transformed into a fifth bedroom. The primary suite is introduced through elegant French doors and features its own fireplace, direct access to the deck and private spa, and a spa-like ensuite bath with jetted soaking tub, dual-head walk-in shower, dual vanities, and a spacious walk-in closet. Additional bedrooms are thoughtfully positioned, with balcony access and serene outlooks. A separate wing offers a fourth bedroom and third bath perfect for guests, extended family, or private quarters. Outdoors, the grounds unfold like a private retreat, with lush vegetation, raised garden beds, and winding pathways that invite exploration and quiet reflection. Impeccably maintained, this is the one you've been waiting for!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 4,219 | 2,125 | 93% |
| Lot Size | 108,900 | 10,101 | 83% |
| Price | $2.29M | $1.15M | 91% |
| Price per sq ft | $544 | $541 | 50% |
| Built year | 1990 | 1990 | 50% |
| HOA | $210.0 | $0 | 84% |
| Days on market | 21 | 169 | 1% |
Apr 1, 2026
$2,295,000
Initial Listing
Jun 21, 2002
$975,000
Public Record
Jul 20, 2001
$849,000
Public Record