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Lot/land
  • Listed by: McCarty Davis, Inc. • Steve Davis • Contact: 805-543-1801
    Price cut: $770K (5/7)
    $6,930,000

    655 Monterey St, San Luis Obispo, CA 93401

    --beds
    --baths
    0.6Acres
    Unimproved Land
    Built in ----
    0.6 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Scenic boardwalkNearby open space
    Monterey Place is an exclusive shovel ready mixed-use infill development on one of the last remaining raw land parcels in downtown San Luis Obispo. Fronting San Luis Obispo Creek and its scenic boardwalk, the project offers a vibrant urban setting with an inviting outdoor atmosphere. Located just steps from shops, restaurants, entertainment, Mission San Luis Obispo, the city plaza, and the renowned Thursday Farmers Market, the site is surrounded by the city’s most desirable amenities. Across the street, a new Performing Arts Center and parking structure are underway, further enhancing the area. The development features retail space along Monterey Street, a creekside restaurant with open-air dining, an open-air plaza, secure underground parking, boutique hotel rooms, and elegant creekside residences. Upper floors include for-sale one- to three-bedroom condos designed for modern urban living. Close to beaches, Central Coast wine country, Cal Poly, and nearby open space, Monterey Place offers a rare opportunity to experience a complete downtown lifestyle in a highly walkable, premier location.
    191 days
    |
    217
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Steve Davis DRE #01843738 805-704-5727,

    McCarty Davis, Inc.

    Source: CRMLS,MLS#: SC26005937MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Hills
      Lot
      • Size: 0.6 Acres
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 002421027
      • Zoning: CD-S-H
      • Special conditions: Standard

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Biking, Hiking, Storm Drain(s), Street Lights, Sidewalks, Urban
      • Subdivision: San Luis Obispo(380)
      Location
      • Region: San Luis Obispo

      Financial & listing details

      • Date on market: 1/9/2026
      • Cumulative days on market: 191 days
      • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/7/2026Price change$6,930,000-10%
        Source: CRMLS #SC26005937 Report a problem
        1/10/2026Listed for sale$7,700,000
        Source: CRMLS #SC26005937 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 93401

        Getting around

        97 / 100
        Walker's Paradise
        38 / 100
        Some Transit
        87 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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