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.
Pending
Listed by: Peak Properties • Ryan Benson • Contact: 805-550-1980
Price cut: $55K (7/23)
$1,095,000
688 Ralcoa Way, Arroyo Grande, CA 93420
3beds
1,729sqft
Single Family Residence
Built in 1978
2.1 Acres Lot
$1,054,900 Zestimate®
$633/sqft
$-- HOA
What's special
- 93 days
- 342
- 4
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
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: $633/sqft
- Tax assessed value: $1,184,811
- Date on market: 6/2/2026
- Cumulative days on market: 94 days
- Listing terms: Submit
- Road surface type: Gravel
Estimated market value
$1,054,900
$1.00M - $1.11M
$3,795/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Pending sale | $1,095,000$633/sqft |
Source: | ||
| 8/22/2026 | Listed for sale | $1,095,000$633/sqft |
Source: | ||
| 8/17/2026 | Pending sale | $1,095,000$633/sqft |
Source: | ||
| 7/23/2026 | Price change | $1,095,000-4.8%$633/sqft |
Source: | ||
| 6/25/2026 | Price change | $1,150,000-11.5%$665/sqft |
Source: | ||
| 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 |
|---|---|---|
| 2026 | -- | $1,184,811 +5.6% |
| 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
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Neighborhood: 93420
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