Rare Arroyo Grande Mesa ranchette offering space, usability, and flexibility on just over 2 flat, fully gated acres. 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. 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, and long-term flexibility. Flat, functional land in this location is hard to replace.
For sale
Listed by: Peak Properties
$1,300,000
688 Ralcoa Way, Arroyo Grande, CA 93420
3beds
1,729sqft
Single Family Residence
Built in 1978
2.1 Acres Lot
$1,267,900 Zestimate®
$752/sqft
$-- HOA
What's special
- 14 days |
- 1,362 |
- 45 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Benson DRE #01949307 805-550-1980,
Peak Properties
Source: CRMLS,MLS#: SC26103356
Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Den, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Family room
- Features: Separate Family Room
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Garage
Features
- All Bedrooms Down, Main Level Primary
- Flooring: Laminate
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,729 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 1st
- Patio & porch: Concrete
- Pool features: None
- Has view: Yes
- View description: Bluff, Hills, Meadow, Trees/Woods
Lot
- Size: 2.1 Acres
- Features: 2-5 Units/Acre, Agricultural, Garden, Gentle Sloping, Horse Property, Ranch, Trees
Details
- Parcel number: 091401047
- Special conditions: Standard,Trust
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Septic Type Unknown
- Water: Well
Community & HOA
Community
- Features: Stable(s), Mountainous, Rural
Location
- Region: Arroyo Grande
Financial & listing details
- Price per square foot: $752/sqft
- Tax assessed value: $1,122,000
- Annual tax amount: $11,940
- Date on market: 6/2/2026
- Cumulative days on market: 14 days
- Listing terms: Submit
- Road surface type: Gravel
Estimated market value
$1,267,900
$1.20M - $1.33M
$3,846/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Listed for sale | $1,300,000+52.9%$752/sqft |
Source: | ||
| 9/28/2005 | Sold | $850,000+112.5%$492/sqft |
Source: Public Record Report a problem | ||
| 3/1/2002 | Sold | $400,000$231/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,940 +5.9% | $1,122,000 +4.4% |
| 2024 | $11,278 +10.8% | $1,075,000 +11.7% |
| 2023 | $10,177 +14.3% | $962,000 +14.8% |
| 2022 | $8,906 +16.9% | $838,000 +19% |
| 2021 | $7,617 +4.1% | $704,000 +4% |
| 2020 | $7,317 -1.4% | $677,000 |
| 2019 | $7,417 +2.2% | $677,000 +3% |
| 2018 | $7,255 +9.4% | $657,000 +9.5% |
| 2017 | $6,631 +18.3% | $600,000 +13.9% |
| 2016 | $5,603 | $527,000 +8.9% |
| 2015 | $5,603 +17.6% | $484,000 +6.1% |
| 2014 | $4,765 | $456,000 +9.9% |
| 2012 | -- | $415,000 +7.8% |
| 2011 | -- | $385,000 -36.9% |
| 2010 | -- | $610,000 -2.4% |
| 2009 | -- | $625,000 -12.1% |
| 2008 | -- | $711,000 -18% |
| 2007 | -- | $867,000 +2% |
| 2006 | -- | $850,000 +100.5% |
| 2005 | -- | $423,927 +2% |
| 2004 | -- | $415,616 +1.9% |
| 2003 | -- | $408,000 +155.4% |
| 2002 | -- | $159,726 +2% |
| 2001 | -- | $156,595 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
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Climate risks
Neighborhood: 93420
Nearby schools
GreatSchools rating
- 7/10Fairgrove Elementary SchoolGrades: K-6Distance: 4.3 mi
- 6/10Paulding Middle SchoolGrades: 7-8Distance: 5.5 mi
- 8/10Nipomo High SchoolGrades: 9-12Distance: 5.4 mi
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- California
- San Luis Obispo County
- Arroyo Grande
- 93420
- 688 Ralcoa Way





