508 Mesa View, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 6 bed, 5 bath
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Arroyo Grande, California 93420
Analysis of 508 Mesa View, Arroyo Grande, California 93420 is currently available with a list price of $2,199,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Arroyo Grande Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 1991, this coastal estate is in move-in ready condition and appears very well-maintained. While the kitchen and bathrooms feature styles and cabinetry consistent with the original construction era or early 2000s updates, they are clean and fully functional. The property benefits from high-quality architectural features, including expansive windows and high ceilings, and the flooring and paint appear to be in good repair. Although it lacks a recent top-to-bottom modern renovation, the overall quality and the addition of a separate, well-kept apartment 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 = 43560, living area = 5000.
The estate captures breathtaking, unobstructed coastal views through expansive windows, a premium feature that significantly enhances the property's luxury appeal and market value.
A separate 1,100 sq ft, 2-bedroom apartment offers exceptional versatility for guest housing, extended family, or a steady stream of rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5000, other record living area = 3960. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The property was recently sold within the past year on 2025-10-03. The sold price is $825,000.00.
Built in 1991 and featuring virtually staged photography, the interior may require capital investment for cosmetic updates to meet modern luxury standards.
Welcome to 508 Mesa View, an exceptional coastal estate offering panoramic ocean views, expansive living spaces, and unmatched versatility on 1 acres in the heart of Arroyo Grande. This property features a stunning 3,960 sq ft main residence with 4 bedrooms and 3 bathrooms, designed for comfort, entertaining, and enjoying the serene coastal landscape. Large windows capture sweeping views and natural light throughout the home, while spacious living areas create an inviting atmosphere for gatherings. In addition, the estate includes a separate 1,100 sq ft apartment with 2 bedrooms, 1 bathroom and laundry room perfect for multigenerational living, guests, or rental income. Car enthusiasts and hobbyists will love the oversized garage, complete with its own bathroom, offering an ideal space for storage, workshop use, or additional flex space. A rare opportunity to own a spacious ocean-view estate with exceptional value. Schedule your private showing today! -Some photos have been virtually staged.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 96% |
| Baths | 5.0 | 3.0 | 90% |
| Square foot | 5,000 | 2,216 | 96% |
| Lot Size | 43,560 | 14,143 | 70% |
| Price | $2.20M | $1.17M | 88% |
| Price per sq ft | $440 | $532 | 14% |
| Built year | 1991 | 1990 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 205 | 133 | 76% |
May 2, 2026
$2,199,000
$1,649,000
+33% Price Increase
Initial Listing
Feb 25, 2026
$1,649,000
Initial Listing
Nov 20, 2025
$2,299,000
Initial Listing
Oct 3, 2025
$825,000
Public Record