2840 Kip Lane, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 5 bed, 6 bath
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Arroyo Grande, California 93420
This Luxury Coastal Estate is a Strong Value Opportunity, listed at $2,780,000—positioned well below the $3,043,767 Fair Market Value by 8%. This valuation gap provides $263,767 in Instant Equity for the incoming buyer. Maintaining a Good Condition Rating, the residence features unmatched panoramic ocean views, a granite kitchen, and a detached 2-bedroom guest house on 2.5 private acres. Located within the Lucia Mar Unified district, the property balances high-end lifestyle perks with significant financial upside. This is an ideal acquisition for Owner-Occupants or Multi-Generational Buyers seeking a legacy asset.
Property is move-in ready.
The property is in move-in ready condition and appears exceptionally well-maintained. Although built in 1991, the home features significant updates including high-quality hardwood flooring, updated stainless steel kitchen appliances, and modern light fixtures. The kitchen has been refreshed with a granite-topped center island and painted cabinetry. While some stylistic choices like the mirrored living room wall and arched cabinet panels reflect its original era, the lack of deferred maintenance and the high-quality outdoor living features justify a 'good' rating.
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 = 4391.
The estate offers some of the most commanding views on the Central Coast, featuring unobstructed vistas of the Pacific Ocean, coastline, and city lights from nearly every room.
The property includes a fully equipped 2-bedroom guest house with its own kitchen, patio, and garage, providing excellent flexibility for guests, extended family, or rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4391, other record living area = 2217. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Built in 1991, the home may require further cosmetic or structural modernizations to align with the contemporary aesthetic preferences of today's luxury buyers.
The extensive 2.5-acre grounds, multiple structures, and horse corrals necessitate significant ongoing upkeep and higher-than-average property management costs.
Unmatched panoramic ocean views define this extraordinary 2.5-acre gated estate—arguably one of the most breathtaking vantage points on the Central Coast. Perched at the end of a private road on the Mesa, 2840 & 2830 Kip Lane showcase sweeping views of the Pacific, dunes, coastline, and city lights from nearly every room. From sunrise to sunset, the ever-changing horizon creates a truly unforgettable setting. The 3-bedroom, 3.5-bath main residence blends warmth and sophistication with wood floors, expansive windows, and light-filled living spaces designed to frame the views at every turn. The kitchen features granite countertops, a center island, walk-in pantry, and updated appliances—ideal for both everyday living and entertaining. The primary suite offers a fireplace, spa-inspired bath, and stunning vistas, while a flexible office/media room and separate lower-level living space provide ideal accommodations for guests or extended stays. A private 2-bedroom, 2-bath guest house includes its own kitchen, patio, horse corrals, and a two-car garage—perfect for multi-generational living, rental income, or hosting in style. Outdoor living is elevated with multiple viewing areas, expansive balconies, and an outdoor kitchen—all designed to capture the dramatic coastal backdrop and unforgettable sunsets. Opportunities like this are rare. With two parcels, ultimate privacy, and some of the most commanding views on the market, this is more than a home—it’s a legacy property. Schedule your private tour and experience it in person.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 6.0 | 3.0 | 98% |
| Square foot | 4,391 | 2,125 | 93% |
| Lot Size | 108,900 | 10,101 | 83% |
| Price | $2.78M | $1.15M | 96% |
| Price per sq ft | $633 | $541 | 78% |
| Built year | 1991 | 1991 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 169 | 1% |
Apr 13, 2026
$2,780,000
Initial Listing
Nov 13, 2024
$2,395,000
Public Record
Dec 1, 2021
$2,400,000
Public Record
Jun 16, 1995
$550,000
Public Record