
Arroyo Grande, California 93420
This Single-Level Residential Home is a High-Potential Investment Opportunity, listed at $1,275,000—positioned well above the $1,133,134 Fair Market Value by 12%. While priced at a premium, the property offers a Fair Condition Rating with significant upside through cosmetic modernization of the kitchen and baths. Key features include a Granite Kitchen, vaulted ceilings, and a Tree-Lined View on a corner lot. Located in the Lucia Mar Unified district near the Historic Village, this is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Le Point Subject 3 bd · 2 ba · 1,872 sqft · $605 | $1,275,000* List Price | 3 | 2 | 1,872 | $605 | - |
A 327 Stillwell Drive Sold 3 bd · 2 ba · 1,758 sqft · $754 · 0.5 mi | $1,325,000 | 3 | 2 | 1,758 | $754 | 0.5 mi |
B 330 Stagecoach Sold 4 bd · 2 ba · 1,713 sqft · $628 · 0.7 mi | $1,075,000 | 4 | 2 | 1,713 | $628 | 0.7 mi |
C 407 Chaparral Sold 4 bd · 2 ba · 1,575 sqft · $610 · 0.6 mi | $960,000 | 4 | 2 | 1,575 | $610 | 0.6 mi |
D 302 S Mason Active Under Contract 4 bd · 3 ba · 1,670 sqft · $686 · 0.4 mi | $1,145,000 List Price | 4 | 3 | 1,670 | $686 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is approximately 27 years old, placing it in the 'Fair' category (>20y). While the home is exceptionally well-maintained and functional, the kitchen and bathrooms feature dated finishes, including white double ovens and older tile flooring, which typically require cosmetic updates to meet modern standards.
Situated just blocks from the Historic Village of Arroyo Grande, this property offers exceptional walkability to local boutiques, dining, and the popular weekly farmers market.
The rare single-story layout features vaulted ceilings and large arched windows that maximize natural light, providing an accessible and airy living environment highly sought after by buyers.
The well-appointed kitchen includes granite countertops, a center island, double ovens, and ample cabinetry with pull-out drawers, making it ideal for both daily living and hosting guests.
With a list price of $1,275,000 for 1,872 square feet, the property sits at a premium price point that may be sensitive for buyers comparing value in the broader Arroyo Grande market.
The 6,700 square foot corner lot, while beautifully landscaped and drought-tolerant, offers limited space for expansion or large-scale outdoor amenities compared to other properties at this price level.
A rare find just blocks from the Historic Village of Arroyo Grande, this lovingly maintained single level home sits on a landscaped corner lot and offers bright, open living spaces with inviting places to enjoy the outdoors. Vaulted ceilings and large windows, including distinctive arched windows, bring natural light into the connected living and dining areas. A fireplace anchors the living room, while sliding glass doors open to the back patio for easy indoor and outdoor entertaining. The spacious kitchen keeps you connected to it all, with granite countertops, a center island, breakfast bar seating, double ovens, and abundant cabinetry with pull out drawers. Whether preparing a quiet dinner or hosting a gathering, there is room to cook, serve, and spend time together. The primary suite features vaulted ceilings, direct patio access, a walk-in closet, and an adjoining bathroom with dual sinks and a walk-in shower. Two additional bedrooms offer space for guests, work, or hobbies. An indoor laundry room with cabinetry and an attached two car garage add everyday convenience. Outside, thoughtfully arranged drought-tolerant landscaping, a flagstone sitting area, and a broad rear patio create several places to relax, garden, or dine outdoors. Enjoy the tree lined outlook from home, then head into the Village for coffee, restaurants, local shops, and the weekly farmers market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,872 | 2,290.855 |
| Lot Size | 6,700 | 17,332.316 |
| Price | $1.27M | $1.21M |
| Price per sq ft | $681 | $575 |
| Built year | 1999 | 1994 |
| HOA | $0 | $155 |
| Days on market | 2 | 46 |
Oct 22, 2026
$1,275,000
Initial Listing
Aug 1, 2002
$425,000
Public Record