351 Esparto, Pismo Beach, California 93449, Pismo Beach, 93449 - 2 bed, 1 bath
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Pismo Beach, California 93449
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned well above the $888,754 Fair Market Value by 23%. While the property lacks immediate equity, the 4,050 sqft lot in a prime coastal location offers significant long-term development potential. With a Condition Rating of 6, the existing 1948 structure requires a full-scale renovation or demolition. Located near the highly-rated Shell Beach Elementary School, this is a strategic acquisition ideal for Custom Home Builders or Real Estate Developers seeking a coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 351 Esparto Subject | $1,100,000* List Price | 2 | 1 | 824 | $1,079 | - |
A 121 Wawona Sold | $875,000 | 2 | 1 | 846 | $1,034 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1948 and described as being in original condition with no renovations in over 75 years. The kitchen is non-functional and missing appliances, and the listing explicitly suggests the property as a site for a custom-built home, indicating the value is primarily in the land.
Situated just steps from the beach in a highly coveted Pismo Beach neighborhood, this property offers an exceptional lifestyle opportunity and premium land value.
The 4,000+ square foot lot provides a rare blank canvas to build a custom coastal masterpiece or execute a major renovation in a supply-constrained market.
Located less than half a mile from the highly-rated Shell Beach Elementary School, the property holds strong appeal for families and supports long-term appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4050, other record lot size in square feet = 4317.
The 1948 structure is in its original state and sold strictly as-is with no seller credits, requiring substantial immediate capital for repairs or demolition.
At only 824 square feet, the current 2-bedroom, 1-bathroom layout is undersized for modern standards, making the list price almost entirely dependent on land value.
Just steps from the beach, 351 Esparto offers the kind of opportunity that rarely comes to market. Whether you're looking for your next renovation project or the perfect site to build a custom coastal masterpiece, the possibilities are endless. The existing home is in its original condition sits on over a 4,000+ square foot lot and is being sold AS-IS, with no repairs or seller credits. Don't miss your chance to invest in one of the area's most coveted beachside neighborhoods!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 2.0 mi
Grades 8-12 • 6.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 824 | 2,657 |
| Lot Size | 4,050 | 10,816 |
| Price | $1.10M | $1.54M |
| Price per sq ft | $1.3K | $786 |
| Built year | 1948 | 1991 |
| HOA | $0 | $120 |
| Days on market | 15 | 68 |
Jul 7, 2026
$1,100,000
Initial Listing
Oct 20, 2023
$860,000
Public Record