535 Avila Beach Dr San Luis Obispo, CA 93405
This exceptional 54.95-acre estate in San Luis Obispo, CA, presents a rare opportunity to build your dream home(s) on Avila Beach Drive. The property, located at 535 Avila Beach Dr, 93405, boasts three certified graded building pads, ready for construction. The upper pad is approved for a main residence up to 4,500 square feet, including a pool, spa, and an accessory dwelling unit (ADU). A second pad allows for a 2,500 square foot secondary residence. The lower pad has permits for a 5,000 square foot barn with living space, perfect for workshops, events, or additional living quarters. The seller has already invested approximately $870,000 in improvements and permits. The property features a private electronic gate and offers breathtaking panoramic ocean views, mountaintop trails, and hidden seasonal waterfalls. Zoned Vacant Rural (APN: 076-231-074), this secluded yet accessible location provides the ultimate blend of privacy and convenience, close to town amenities. This is a truly unique opportunity to create a legacy property in a coveted coastal setting. The asking price is $3,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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