940 Tulare, Pismo Beach, California 93449, Pismo Beach, 93449 - 3 bed, 4 bath
940 Tulare
Pismo Beach, California 93449
Property Price
SUMMARY
Analysis of 940 Tulare, Pismo Beach, California 93449 reveals a Prime Investment Opportunity with a current list price of $2,800,000—significantly undercutting the $3,066,140 Fair Market Value by 8%. This valuation gap indicates a +$266,140 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pismo Beach 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand-new luxury coastal construction project with a 2026 completion date. The property features high-end modern finishes, including commercial-grade appliances, quartz countertops, a butler's kitchen, and expansive stacking doors. As a new build, all systems and components meet the highest current quality standards with zero deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Shovel-Ready Development
The property comes with fully approved plans and a contractor ready to break ground, significantly reducing the typical time, uncertainty, and carrying costs associated with coastal new construction.
- Modern Coastal Design
Thoughtfully designed for single-level living, the home features high-end finishes like quartz countertops, commercial-grade appliances, and expansive stacking doors that maximize panoramic ocean views.
- Prime Location
Situated less than a mile from the sand in Pismo Beach, this residence offers an ideal balance of luxury living and immediate proximity to the beach and coastal amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5500, other record lot size in square feet = 5871.
- Recently Sold Property
The property was recently sold within the past year on 2025-04-04. The sold price is $930,000.00.
- Construction Lead Time
As the home is not yet built, buyers must be willing to wait through the construction phase before occupancy, which may not suit those seeking an immediate move-in.
About 940 Tulare
Luxury Beach Home Ready to Break Ground Immediately Following Closing. 940 Tulare St presents a rare opportunity to build a brand-new, high-end coastal home with approved plans and a contractor already lined up — saving you time, uncertainty, and carrying costs. Located just under 1 mile from the sand. Thoughtfully designed for single-level living, this 3-bedroom, 3.5-bath residence maximizes ocean views with expansive stacking doors, a stunning pivot front door, a front deck, and a private side patio that seamlessly blend indoor and outdoor living. The open-concept layout creates a seamless flow between the kitchen, dining, and living areas, complemented by a dedicated butler’s kitchen that makes entertaining effortless. The modern coastal design is elevated by high-end specifications, including quartz countertops throughout and commercial-grade appliances, delivering a refined, turnkey vision ready to bring to life. View the property website for more information
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 82% |
| Square foot | 2,281 | 1,857 | 68% |
| Lot Size | 5,500 | 5,727.5 | 47% |
| Price | $2.80M | $1.45M | 84% |
| Price per sq ft | $1.2K | $788 | 87% |
| Built year | 2026 | 1986 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 205 | 3% |
Pricing History
Listed for Sale
Feb 25, 2026
$2,800,000
Initial Listing
Sold
Apr 4, 2025
$930,000
Public Record