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For sale
  • Listed by: Peak Properties • Ryan Benson • Contact: 805-592-2226
    Price cut: $150K (6/25)
    $1,150,000

    688 Ralcoa Way, Arroyo Grande, CA 93420

    3beds
    1,729sqft
    : 
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    Single Family Residence
    Built in 1978
    2.1 Acres Lot
    $1,125,300 Zestimate®
    $665/sqft
    $-- HOA

    What's special

    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.
    33 days
    |
    1,683
    |
    51
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Benson DRE #01949307 805-550-1980,

    Peak Properties

    Source: CRMLS,MLS#: SC26103356MLS LogoOriginating 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: $665/sqft
      • Tax assessed value: $1,122,000
      • Annual tax amount: $11,940
      • Date on market: 6/2/2026
      • Cumulative days on market: 33 days
      • Listing terms: Submit
      • Road surface type: Gravel

        Estimated market value

        $1,125,300

        $1.07M - $1.18M

        $3,724/mo

        Price history

        DateEventPrice
        6/25/2026Price change$1,150,000-11.5%$665/sqft
        Source: CRMLS #SC26103356 Report a problem
        6/8/2026Listed for sale$1,300,000+52.9%$752/sqft
        Source: CRMLS #SC26103356 Report a problem
        9/28/2005Sold$850,000+112.5%$492/sqft
        Source: Public Record Report a problem
        3/1/2002Sold$400,000$231/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        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

        Getting around

        22 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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