
Pismo Beach, California 93449
This oceanfront Condominium represents a Strong Value Opportunity, listed at $1,900,000—positioned well below the $2,066,159 Fair Market Value by 8%. This valuation gap offers $166,159 in Instant Equity. Featuring a Good Condition Rating, the residence includes a Granite Kitchen and Panoramic Ocean Views. With access to resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants desiring a luxury coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2727 Shell Beach Road 133 Subject | $1,900,000* List Price | 0 | 0 | 1,655 | $1,248 | - |
A 2727 Shell Beach Road 234 Sold | $2,000,000 | 2 | 2 | 1,537 | $1,301 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property is in well-maintained, move-in ready condition. It features high-quality travertine flooring, custom cabinetry, and granite countertops that remain functional and stylish, fitting the 10-20 year age bracket for a 'Good' rating.
Situated on the bluffs of Shell Beach, this residence offers panoramic ocean and coastline views with immediate access to the Pacific, providing a quintessential luxury coastal lifestyle.
Owners enjoy full access to Dolphin Bay Resort’s premium facilities, including an oceanfront heated pool, full-service spa, fitness center, concierge services, and on-site fine dining at Lido Restaurant.
The property offers exceptional flexibility, serving as a primary residence, a vacation getaway, or an income-producing asset through the resort’s established rental program.
The monthly HOA fee of $1,740.07 is significant and represents a substantial recurring carrying cost that may impact the overall net return for investors.
As a first-floor unit with direct access to lush grounds and resort walkways, the residence may experience more foot traffic and less privacy than higher-level suites.
Set above the Pacific Ocean on the bluffs of Shell Beach, this oceanfront, two-bedroom, two-bath suite offers a rare opportunity to experience the Central Coast at the Dolphin Bay Resort and Spa. Designed for relaxed coastal living with immediate access to lush grounds, the residence features a spacious single-level open floor plan, travertine flooring, custom wood cabinetry, and a bright, airy interior that frames sweeping ocean views from the moment you step inside. The gourmet kitchen is both stylish and practical, showcasing granite countertops, professional-grade stainless steel appliances, and a generous breakfast bar ideal for casual dining or entertaining. The living and dining areas flow effortlessly to a covered terrace through oversized sliding glass doors, creating a seamless indoor-outdoor connection and an ideal landscape setting to enjoy the sea breeze, sunset views, and soothing sound of the waves. The primary suite provides a peaceful retreat with a spa-inspired bath complete with dual vanities, a soaking tub, a walk-in shower, and ample closet space. A well-proportioned second bedroom and full guest bath offer comfortable accommodations for family and friends. Owners enjoy access to Dolphin Bay’s exceptional resort amenities, including an oceanfront heated pool and spa, full-service spa, fitness center, concierge services, valet parking, fire pits, BBQ areas, and dining at the acclaimed Lido Restaurant. With convenient first-floor access, elevator service, underground parking, and the option to participate in the resort’s rental program, this residence offers both ease of ownership and exceptional flexibility. Whether used as a primary home, a luxurious coastal escape, or an income-producing investment, this is a rare chance to own a serene oceanfront retreat in one of the Central Coast’s most desirable settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,655 | 1,333 |
| Lot Size | 1,537 | 1,287 |
| Price | $1.90M | $1.25M |
| Price per sq ft | $1.1K | $906 |
| Built year | 2006 | 2006 |
| HOA | $1740.07 | $1.5K |
| Days on market | 30 | 153 |
Jun 22, 2026
$1,900,000
Initial Listing