282 Memphis Belle Way, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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282 Memphis Belle Way
San Luis Obispo, California 93401
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,708Sq Ft
3,585Lot Size
Property Price
LIST PRICE$929,738
EST. MARKET VALUE
$935,738
SUMMARY
This Modern New Construction Home represents a High-Potential Investment Opportunity, listed at $935,738—positioned well below the $978,885 Fair Market Value by 4%. This valuation gap offers $43,147 in Instant Equity. Featuring a Mint Condition Rating, this 2026 build offers an open-concept layout, energy-efficient systems, and scenic Hills Views. Located in the top-tier San Luis Coastal Unified School District, it is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey, high-value lifestyle property.
Estimated Market Value
$935,738
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 282 Memphis Belle Way Subject 3 bd · 3 ba · 1,708 sqft · $548 | $929,738* List Price | 3 | 3 | 1,708 | $548 | - |
A 211 Kitty Hawk Court Sold 3 bd · 3 ba · 1,900 sqft · $565 · 0.2 mi | $1,074,024 | 3 | 3 | 1,900 | $565 | 0.2 mi |
B 227 Kitty Hawk Court Sold 3 bd · 3 ba · 2,066 sqft · $540 · 0.1 mi | $1,116,222 | 3 | 3 | 2,066 | $540 | 0.1 mi |
C 216 Foxtrot Court Sold 3 bd · 3 ba · 1,708 sqft · $585 · 0.2 mi | $999,960 | 3 | 3 | 1,708 | $585 | 0.2 mi |
D 250 Memphis Belle Way Sold 3 bd · 3 ba · 2,066 sqft · $543 · 0.1 mi | $1,121,282 | 3 | 3 | 2,066 | $543 | 0.1 mi |
E 161 Tango Sold 3 bd · 3 ba · 1,710 sqft · $567 · 0.4 mi | $970,000 | 3 | 3 | 1,710 | $567 | 0.4 mi |
F 165 Earthwood Lane Sold 3 bd · 3 ba · 1,808 sqft · $539 · 0.4 mi | $975,000 | 3 | 3 | 1,808 | $539 | 0.4 mi |
G 194 Earthwood Lane Sold 3 bd · 3 ba · 1,615 sqft · $576 · 0.4 mi | $930,000 | 3 | 3 | 1,615 | $576 | 0.4 mi |
H 186 Earthwood Sold 3 bd · 3 ba · 2,067 sqft · $537 · 0.4 mi | $1,110,000 | 3 | 3 | 2,067 | $537 | 0.4 mi |
I 213 Kitty Hawk Court Active 3 bd · 3 ba · 1,811 sqft · $568 · 0.1 mi | $1,029,306 List Price | 3 | 3 | 1,811 | $568 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This is a new construction home with a 2026 build date, placing it in mint condition. The interior features a modern open-concept kitchen with new appliances and quartz countertops, contemporary bathrooms, and brand-new HVAC and electrical systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Los Ranchos Elementary School (9/10).
- New Construction & Modern Layout
As a 2026 build, this home offers a contemporary open-concept design with energy-efficient features and a functional two-story floor plan ideal for modern lifestyles.
- Top-Tier School District
The property is served by the highly-rated San Luis Coastal Unified School District, including Los Ranchos Elementary (9/10) and San Luis Obispo High (8/10), providing significant long-term value.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-07-08. The sold price is $2,909,000.00.
- Limited Lot Size
With a lot size of approximately 3,585 square feet, outdoor space is relatively compact, which may be a drawback for buyers seeking large yards or extensive private gardening areas.
- High Price Per Square Foot
Priced at over $935,000 for 1,708 square feet, the home carries a significant premium for new construction, which may challenge buyers focused on maximizing interior living space for their budget.
About 282 Memphis Belle Way
Introducing the Islay Plan 3 Homesite #318 at Avila Ranch — a spacious two-story home offering 1,708 sq. ft. of modern living. The open-concept main level features a large great room, dining area, and a thoughtfully designed kitchen with pantry, appliances, and a generous center island. Upstairs, the Owner’s Suite includes a walk-in closet and dual-sink vanity. Two secondary bedrooms share a full bath, and a conveniently located laundry room with nearby storage adds everyday functionality. Designed for today’s lifestyle, this home blends comfort, style, and efficiency in a desirable Avila Ranch community setting.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 3,585 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $50.0 / Month
Neighborhood Insights
San Luis Obispo Unified Schools
Los Ranchos Elementary School
Grades K-6 • 2.9 mi
9/10
Laguna Middle School
Grades 7-8 • 2.3 mi
7/10
San Luis Obispo High School
Grades 9-12 • 3.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,708 | 1,906.09 |
| Lot Size | 3,585 | 6,523.766 |
| Price | $929.7K | $1.28M |
| Price per sq ft | $544 | $683 |
| Built year | 2026 | 1986 |
| HOA | $50.0 | $86 |
| Days on market | 20 | 49 |
Pricing History
Listed for Sale
Oct 15, 2026
$929,738
$935,738
-1% Price Drop
Initial Listing
Price Change
Oct 4, 2026
$935,738
Initial Listing
Sold
Jul 8, 2026
$2,909,000
Public Record