515 Windermere Lane, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 7 bed, 9 bath
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Arroyo Grande, California 93420
Analysis of 515 Windermere Lane, Arroyo Grande, California 93420 is currently available with a list price of $4,999,000. 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.
This 1989-built luxury estate is in exceptional, move-in ready condition. The property features a chef-inspired kitchen with high-end stainless steel appliances, granite countertops, and custom cabinetry that, while traditional in style, appear meticulously maintained. The bathrooms are updated with spa-like features, and the inclusion of modern amenities like solar power and a high-quality ADU suggests consistent investment in the property. While the architectural style reflects its era, the lack of deferred maintenance and the high quality of the finishes place it firmly in the 'good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 121968, living area = 7840.
This estate offers an unparalleled lifestyle with a pool, spa, tennis/pickleball courts, a home theater, a wine cellar, and a full outdoor kitchen with a pizza oven, making it a premier destination for entertaining.
The detached 1,200 sq. ft. Casita is a proven vacation rental with two ensuite bedrooms and its own 2-car garage, providing significant versatility for multi-generational living or immediate rental income.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =121968, other record lot size in square feet = 99316.
The massive 7,840 sq. ft. main residence, multiple outbuildings, sports courts, and extensive professional landscaping will require substantial ongoing maintenance and high operational costs.
Built in 1989, the property may feature aging mechanical systems or architectural elements that require modernization to meet the standards of today's ultra-luxury market.
A remarkable blend of luxury, privacy, and versatility awaits in this stunning Arroyo Grande estate. Perfectly situated on 2.8 serene acres, this exceptional property spans approximately 7,840 sq. ft. of living space and includes a magnificent 5-bedroom, 7-bath main residence plus a 1,200 sq. ft. 2-bedroom, 2-bath ADU. Inside the main home, expansive open-concept living spaces flow seamlessly from the grand entry and formal living room to the dining area and chef-inspired kitchen—complete with top-of-the-line appliances, an indoor BBQ, granite countertops, and a large island with custom cabinetry. The elegant primary suite features dual walk-in closets, a spa-style bathroom, and an adjoining sitting area. Each additional bedroom is a private ensuite, beautifully designed for comfort and style. Thoughtfully designed for both entertaining and everyday living, the home also includes a family room, private office, game room, media room with home theater, exercise room, and an impressive temperature-controlled wine cellar. The 5-car garage is complemented by four additional spaces currently housing recreational vehicles, plus a detached 2-car pull-through garage used as a spacious workshop. Outdoor living is resort-inspired, with a pool, spa, outdoor kitchen, fireplace, pizza oven, and a pool house complete with living space, kitchen, and bathroom. Enjoy tennis, pickleball, or basketball on the courts, or simply relax among the multiple patios and sitting areas surrounded by lush, professional landscaping, hardscape, and a small vineyard. The stylish ADU Casita offers its own 2-car garage and has been a highly desirable vacation rental, featuring an open floor plan with a bright living room, full kitchen, and two large ensuite bedrooms. This gated solar-powered estate captures panoramic views of the surrounding hills and California coastline, offering the ultimate in luxury living. Just minutes from the charming Arroyo Grande Village, San Luis Obispo, and the Central Coast’s renowned beaches, dining, and wineries—this extraordinary property is both an entertainer’s paradise and a private retreat with the bonus of the separate income-producing Casita!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.0 |
| Baths | 9.0 | 3.0 |
| Square foot | 7,840 | 2,434.5 |
| Lot Size | 121,968 | 19,593.3 |
| Price | $5.00M | $1.15M |
| Price per sq ft | $638 | $545 |
| Built year | 1989 | 1997 |
| HOA | $0 | $152 |
| Days on market | 483 | 49 |
Feb 25, 2026
$4,999,000
Initial Listing
Mar 26, 2025
$5,500,000
Initial Listing
Nov 13, 2009
$1,037,500
Public Record