San Luis Obispo Homes for Sale: Best Options for Every Home Buyer

If you're looking to buy a home in San Luis Obispo, there's a wide range of properties on the market. Whether you're a first-time homebuyer, a retiree, or an investor, there are homes to fit your needs. Below, we break down the best options by buyer segment to help you find the right fit.

For Retirees & Downsizers

If you're looking for a smaller home in a quiet community, consider 3057 S Higuera St #57 ($250,000). Located in Chumash Village, a 55+ community where you own the land, this 1-bedroom, 1-bath manufactured home is ideal for those looking for an affordable, low-maintenance lifestyle. The property offers access to community amenities, including a clubhouse, pools, and social activities, making it a great fit for retirees looking for an active, connected neighborhood.

For First-Time Buyers & Moderate-Income Households

San Luis Obispo has several properties that cater to first-time buyers, especially those who meet income restrictions for below-market-rate homes:

• 3802 Ranch House Rd #101 ($474,775) – A 2-bedroom, 2-bath condo in The Nine@Righetti community, this home is part of a moderate-income housing program. With modern finishes, stainless steel appliances, and air conditioning, it’s an excellent option for buyers looking for affordability in a desirable location.

  
  

  

  
  

• 188 Tango Way ($474,775) – Part of Avila Ranch’s moderate-income program, this 2-bedroom, 1-bath single-family home offers access to parks, walking trails, and recreational amenities. A great choice for small families or buyers who want a balance of affordability and outdoor living.

• 1991 Heirloom Pl ($731,500) – Located in the San Luis Ranch community, this 3-bedroom, 2.5-bath home is another below-market-rate opportunity. With solar panels, an energy-efficient heat pump, and easy access to shopping and outdoor activities, this home is ideal for growing families who qualify for workforce affordable housing.

For Young Professionals & Small Families

If you want a home that offers convenience, modern upgrades, and a strong sense of community, check out these condos and townhomes:

• 1023 Southwood Dr #B ($499,000) – A 1-bedroom, 1-bath split-level condo with a loft for additional storage. With an attached carport, fireplace, and a balcony overlooking park views, this unit is perfect for young professionals looking for a stylish, low-maintenance home.

• 1017 Southwood Dr #B ($509,900) – A 2-bedroom, 1-bath upper-level condo with a loft and vaulted ceilings. This home offers an open living space, a community saltwater pool, and a prime location near dining and shopping.

  
  

  

  
  

• 1330 Southwood Dr #18 ($629,900) – A spacious 2-bedroom, 1.5-bath condo with a private patio and vaulted ceilings. Ideal for small families or professionals looking for an upgraded home near biking and walking trails.

For Investors & Parents of College Students

Proximity to Cal Poly makes certain properties ideal for investors or parents looking to buy housing for their college-aged children:

• 1750 Prefumo Canyon Rd #66 ($589,000) – This 2-bedroom, 2-bath condo is located near Cal Poly and features bamboo flooring, granite counters, and a private patio. With community-maintained landscaping and an onsite pool, it’s a great rental opportunity.

• 962 Tarragon Ln #1502 ($725,000) – A split-level condo in Tumbling Waters with 2 bedrooms, 2 baths, and a bonus room. Its proximity to biking trails and downtown SLO makes it an attractive rental property.

For Move-Up Buyers & Families Seeking Space

For those looking for a more spacious home with premium features, these properties offer great value:

• 854 Tarragon Ln #1307 ($650,000) – A 2-bedroom, 3-bath townhome with nearly 1,800 sq. ft. of living space. Featuring a flexible layout and modern amenities, this is a great option for families or professionals working from home.

  
  

  

  
  

• 1445 Prefumo Canyon Rd #1 ($712,000) – A 2-bedroom, 2-bath condo with vaulted ceilings, a gourmet kitchen, and a bonus room for an office or workshop. This home offers luxury features while maintaining a cozy neighborhood feel.

Finding the Right Home for You

San Luis Obispo offers a diverse range of properties to suit different buyer needs. From affordable, income-restricted homes to high-end condos and townhomes, there’s something for every budget and lifestyle. Whether you’re a first-time buyer, an investor, or a retiree, these listings present great opportunities to find your next home.

Want to learn more about one of these homes? Contact me for details on available properties and buyer qualifications.