
Los Osos, California 93402
This property presents a High-Potential Investment Opportunity with a List Price of $1,465,000—positioned well below the $1,441,861 Fair Market Value by -1.6%. While the home features a unique Frank Lloyd Wright-inspired design and Back Bay/Water views, it carries a Condition Rating of 5, necessitating a comprehensive rehab. Located near the Sweet Springs Nature Preserve and Monarch Grove Elementary, the asset offers significant upside for those capable of modernizing the 3,200 sqft layout. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 611 Los Osos Valley Subject 5 bd · 3 ba · 3,200 sqft · $451 | $1,465,000* List Price | 5 | 3 | 3,200 | $451 | - |
A 1689 5th Active Under Contract 3 bd · 3 ba · 1,920 sqft · $562 · 0.7 mi | $1,079,000 List Price | 3 | 3 | 1,920 | $562 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 (64 years old) with no evidence of major recent renovations. While the architectural style is unique, the property shows signs of deferred maintenance on the exterior and dated interior finishes. Based on the age and lack of documented updates to kitchens, baths, or systems, it requires a comprehensive rehab.
This Frank Lloyd Wright-inspired home features unique wood beam ceilings and a spacious 3,200 sqft layout, offering a rare blend of mid-century character and significant living space.
Ideally situated near Montana del Oro and Sweet Springs Nature Preserve, the property offers scenic views of Morro Rock and Morro Bay with excellent walkability to local natural landmarks.
Located just three blocks from the highly-rated Monarch Grove Elementary, this home is perfectly positioned for families seeking convenience and quality education within the San Luis Coastal Unified district.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3200, other record living area = 2134. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With 179 days on the market, the property has significantly exceeded average selling times, which may lead to perceptions of stagnation or underlying concerns among potential buyers.
A history of over ten price reductions from the original $1.65M listing suggests initial overvaluation and may create buyer hesitation regarding the home's true market value.
Located near famous Montana del Oro almost at the end of Los Osos Valley Rd. Offers some views of Morro Rock and Morro Bay. Walking distance to the bay and beautiful Sweet Springs nature preserve and bird sanctuary. Walk up Broaderson Street to the top of the peak. Frank Loyd Wright design architectural style home. Only three blocks walk to Monarch Grove Elementary School. 2 miles to Los Osos Middle School. Then Morro Bay HS. Wood Beam ceilings. Easy to clean ceramic tile flooring.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 2.8 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,200 | 1,493.5 |
| Lot Size | 10,300 | 6,331.944 |
| Price | $1.47M | $925.8K |
| Price per sq ft | $458 | $645 |
| Built year | 1960 | 1976 |
| HOA | $0 | $0 |
| Days on market | 190 | 43 |
Oct 9, 2026
$1,465,000
$1,475,000
-1% Price Drop
Initial Listing
Oct 8, 2026
$1,475,000
$1,485,000
-1% Price Drop
Initial Listing
Oct 6, 2026
$1,485,000
$1,495,000
-1% Price Drop
Initial Listing
Oct 1, 2026
$1,495,000
$1,505,000
-1% Price Drop
Initial Listing
Sep 10, 2026
$1,505,000
$1,510,000
+0% Price Increase
Initial Listing
Sep 9, 2026
$1,510,000
$1,515,000
+0% Price Increase
Initial Listing
Aug 9, 2026
$1,515,000
$1,520,000
+0% Price Increase
Initial Listing
Aug 8, 2026
$1,520,000
$1,530,000
-1% Price Drop
Initial Listing
Aug 4, 2026
$1,530,000
$1,540,000
-1% Price Drop
Initial Listing
Jul 5, 2026
$1,540,000
$1,545,000
+0% Price Increase
Initial Listing
Jun 11, 2026
$1,545,000
$1,645,000
-6% Price Drop
Initial Listing
May 1, 2026
$1,645,000
$1,650,000
+0% Price Increase
Initial Listing
Apr 17, 2026
$1,650,000
Initial Listing
Feb 24, 2015
$378,000
Public Record