0.jpg
1 / 38

688 Ralcoa, Arroyo Grande, CA 93420

$1.09M3bd · 2ba · 1,729 sqft
Lot 91,476 sqft•Single Family Residence•
Active
•126d on market•MLS# SC-26103356

Property Description

Rare Arroyo Grande Mesa ranchette offering space, usability, and flexibility on just over 2 flat, fully gated acres. One of the property's most unique features is its exceptionally rare access from two separate streets, creating maximum flexibility for future development, additional access points, equipment, animals, or other potential uses. Set on one of the most functional lots in the development, this approximately 1,729 sq. ft. single-level home features a wide-open floor plan, three bedrooms, two full bathrooms, and a rural-residential setting ideal for buyers seeking room to spread out. The spacious primary suite includes its own walk-in shower and upgraded vanity, while the two additional bedrooms share a full bathroom. The open living, dining, and kitchen areas create an easy flow for everyday living, entertaining, and enjoying the indoor-outdoor lifestyle that makes the Mesa so desirable. Outside, the property is where the opportunity truly stands out. The flat, usable land is well-suited for equestrian use, animals, gardens, equipment, storage, or future improvements. With road access from two different streets, the property offers an unusual level of versatility when considering future improvements or how the acreage could ultimately be utilized. An existing horse corral, private well, and approximately 4,000 gallons of water storage provide a strong foundation for a more self-sufficient Central Coast lifestyle. With this much usable acreage, there may also be potential for a workshop, expanded garden area, hobby farm setup, additional storage, or an ADU, subject to buyer investigation and applicable County approvals. Located in a desirable Arroyo Grande Mesa setting with convenient access to the Village, beaches, shopping, dining, wineries, and the Five Cities area, 688 Ralcoa Way offers a rare combination of single-level living, usable acreage, dual-street access, and long-term flexibility. Flat, functional land with this type of access in this location is hard to replace.

Features & Amenities

FeeBuilt 1978

Property Details

Land Type
Fee
Year Built
1978
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Forced Air
Cooling
None
View
Bluff, Hills, Meadow, Trees/Woods
Flooring
Laminate
City
Arroyo Grande
Zip Code
93420
County
San Luis Obispo
Listed byUnknown Office, Ryan Benson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,536.92
Principal & Interest
Loan Amount
$876,000
Total Interest
$1,117,290
Total Payment Over 30 Years
$1,993,290
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

688 Ralcoa, Arroyo Grande, CA 93420

Arroyo Grande · Single Family Residence

$1.09M
Residential Tier
Beds
3
Baths
2
Sqft
1,729
Lot
2.10 ac
Year
1978
$/Sqft
$633
Pool: No✓
View: Bluff, Hills, Meadow, Trees/Woods✓
Garage: 2-car✓

Listed 10.8% above the median closed sale of $988,153. Price per sqft ($633) is a 12% premium to closed comps ($564).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.09M· $633/sqft
Total list price
Closed comps
vs closed median $988K
+$107K (+10.8%)
Active comps
vs active median $887K
+$208K (+23.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $588
+$45 (+7.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
655 Ralcoa WayArroyo Grande1988421,915117,176$726$1.39M5684
1123 Fair OaksArroyo Grande1982321,53616,159$529$812,0003181
1044 Fair Oaks AvenueArroyo Grande1986321,5858,454$560$887,0003280
864 Willow LaneArroyo Grande1960321,5127,860$614$929,000376
903 Sandalwood AvenueArroyo Grande1955321,5566,333$513$799,0002175
Total: 5 · Average3.22.01,620.831,196.4$588.4$963,40028.6
Median1,556$887,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
917 PrintzArroyo Grande197707/31/2026322,095108,900$1.14M$988,153$4720.8710589
612 GaynfairArroyo Grande196807/23/2026321,7008,442$879,000$839,000$4940.9516681
430 Spanish MossArroyo Grande198907/14/2026321,7006,663$1.10M$1.11M$6531.013380
330 StagecoachArroyo Grande197906/19/2026421,7137,405$1.07M$1.07M$6281.006879
1015 SycamoreArroyo Grande197408/21/2026321,5158,200$894,000$870,000$5740.977579
Total: 5 · Average3.22.01,744.627,922$976,430.6$976,430.6$564.2—89.4
Median1,700$988,153$988,153

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.