$2,395,000
SOLD NOV 13, 2024

2840 Kip Ln Arroyo Grande, CA 93420

5 Beds
5.5 Baths
4,391 Sq Ft
2.5 Acres

Recently Sold

$545 Per Sq Ft

10% Below List Price

125 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Second Garage
  • Detached Guest House
  • Spa
  • Primary Bedroom Suite

About This Home

As of November 2024

Welcome to your private gated Mediterranean sanctuary, where luxury meets tranquility on this exclusive 2.5-acre estate featuring two homes. Nestled at the end of a secluded road, this exceptional property offers panoramic views of the ocean, dunes and sparkling skyline with owls and hawks.
Approaching the estate, you are greeted by a meticulously landscaped garden in the roundabout, adorned with an artistic hand-laid stone path that guides you through the vibrant blooms. The main home entrance features grand double wrought iron doors, hinting at the elegance and craftsmanship found within. Inside, the main residence exudes warmth and sophistication with gleaming Koa wood floors that lead you through spacious living areas filled with natural light from the expansive wall of windows. The kitchen is equipped with newer appliances, prep sink, granite countertops, walk in pantry and a center island, ideal for culinary enthusiasts and entertainers alike.The master suite is a haven of luxury with a see through fireplace offering serene vistas and a spa-like bathroom retreat. Enter the office/media room through an artfully carved wood door from Turkey. This room provides a tranquil space to unwind or work at the built-in desk. This space is flexible and could be used as an additional guest room. Downstairs, discover a self-contained living space with its own entrance. A roomy bedroom, full bath, and living room complete with wine cellar and kitchenette offers flexibility for guests or extended family. Each room enjoys spectacular views, blurring the lines between indoor comfort and outdoor splendor.
A highlight of this property is the charming 2-bedroom, 2-bath guest house, providing comfortable accommodations with its own kitchen, living area, private patio, garden and two car garage with laundry hookups. Outdoors, multiple patios and terraces provide inviting spaces for outdoor living and entertaining. An outdoor kitchen enhances the experience, allowing for seamless alfresco dining while enjoying the coastal breeze and stunning sunsets. The expansive grounds offer endless opportunities, making it a haven for outdoor enthusiasts and entertainers alike. This Mediterranean masterpiece combines privacy, luxury, and unparalleled views, offering a rare opportunity to own a secluded retreat in a coveted location. Whether you seek a tranquil oasis or an entertainer's paradise, this estate promises the lifestyle of your dreams on the California coast.

Last Agent to Sell the Property

Alice Frawley

Navigators Real Estate Brokerage Phone: 805-471-0312 License #00818334 Listed on: 06/27/2024

Last Buyer's Agent

Paul Swack

Keller Williams Realty Central Coast License #02032510

Keller Williams Realty Central Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,283

Year Built

  • Built in 1991

Lot Details

  • 2.5 Acre Lot
  • Property fronts a private road
  • Rural Setting
  • Wood Fence
  • Fence is in average condition
  • Rectangular Lot
  • Drip System Landscaping
  • Sprinkler System
  • Density is 2-5 Units/Acre
  • Property is zoned RS

Parking

  • 5 Car Attached Garage
  • Second Garage
  • Parking Available
  • Workshop in Garage
  • Front Facing Garage
  • Two Garage Doors
  • Circular Driveway
  • Auto Driveway Gate
  • Guest Parking

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Dune

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Spanish Tile Roof
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,391 Sq Ft Home
  • 2-Story Property
  • Bar
  • Cathedral Ceiling
  • Skylights
  • Wood Burning Fireplace
  • See Through Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Bay Window
  • Double Door Entry
  • Wine Cellar
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Formal Dining Room
  • Home Office
  • Storage
  • Wood Flooring
  • Sump Pump

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Warming Drawer
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Mirrored Closets Doors
  • Maid or Guest Quarters
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Multiple Shower Heads
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Ocean Side of Highway 1
  • Concrete Porch or Patio
  • Outdoor Grill
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Schools

  • Arroyo Grande High School

Farming

  • Pasture

Utilities

  • Forced Air Heating System
  • 220 Volts For Spa
  • Natural Gas Connected
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Water Purifier
  • Conventional Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Property is near a ravine

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 075281008
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,283

Year Built

Built in 1991

Lot Details

0

Parking

5

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Fridges in Main home and guest home. Carved wood door to media room, glass door to downstairs unit. Large outdoor table & chairs.
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: RS
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 075281008
  • Year Built: 1991
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4391.00 Square Feet
  • Interior Amenities: Bar, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Balcony, Living Room Deck Attached, Pantry, Stone Counters, Storage, Sump Pump
  • Stories: 2
  • Entry Location: ground floor
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar, Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Bedroom, Gas, Wood Burning, See Through
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 545.43
  • Room Type: Formal Entry, Foyer, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Suite, Office, Wine Cellar
  • Window Features: Bay Window(s), Blinds, Double Pane Windows, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Granite Counters, Linen Closet/Storage, Main Floor Full Bath, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Stone Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised, Slab
  • Other Structures: Guest House Detached, Second Garage, Two On A Lot
  • Exterior Features: Barbecue Private, Rain Gutters, Sump Pump
  • View: Dunes, City Lights, Coastline, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Patio And Porch Features: Concrete, Patio
  • Pool Private: No
  • Roof: Spanish Tile, Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Circular Driveway, Asphalt, Paved, Garage Faces Front, Garage - Two Door, Gated, Guest, Oversized, Workshop in Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Trash Compactor, Warming Drawer, Water Heater, Water Line to Refrigerator, Water Purifier
  • Electric: 220 Volts For Spa, 220 Volts in Laundry
  • Heating Type: Central, Fireplace(s), Forced Air
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Ravine, Rural

Schools

  • School District: Lucia Mar Unified
  • High School: Arroyo Grande
  • High School: Arroyo Grande
  • High School2: ARRGR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Pasture, Sprinkler System, Sprinklers Drip System
  • Lot Size Sq Ft: 108900.00
  • Lot Size Acres: 2.5000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 108900.0000 Square Feet
  • Number Of Units Total: 3
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 123.05
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Nov 1, 2024
Sold by
Melvin Trust and Melvin Bradley W
Bought by
Rsm Properties And Investments Llc
Seller's Agent
Alice Frawley
Navigators Real Estate
Buyer's Agent
Paul Swack
Keller Williams Realty Central Coast
List Price
$2,650,000
Sold Price
$2,395,000
Premium/Discount to List
-$255,000
-9.62%
Views
123
Current Estimated Value
$2,463,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,083
Avg. Annual Appreciation
3.35%

Purchase Details

Listed on
Oct 22, 2021
Closed on
Oct 26, 2021
Sold by
Koel Douglas A and Mcgehee Koel Gloria
Bought by
Melvin Bradley W and May Suzanne M
Seller's Agent
Nancy Tucker
Modern Broker-Pismo Beach
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,200,000
Sold Price
$2,400,000
Premium/Discount to List
$200,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.07%

Purchase Details

Closed on
Jul 30, 2004
Sold by
Koel Douglas A and Mcgehee Koel Gloria C
Bought by
Koel Douglas A and Mcgehee Koel Gloria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 1995
Sold by
Hummell Robert J and Hummell Lorraine L
Bought by
Koel Douglas A and Mcgehee Koel Gloria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.37%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,395,000 Fidelity National Title
Grant Deed $2,400,000 Fidelity National Title Co
Interfamily Deed Transfer -- --
Grant Deed $550,000 Cuesta Title Guarant Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $383,000 New Conventional
Previous Owner $406,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $100,000 Future Advance Clause Open End Mortgage
Previous Owner $500,000 Credit Line Revolving
Previous Owner $272,800 Unknown
Previous Owner $101,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $227,000 Unknown
Previous Owner $240,000 No Value Available
Closed $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $2,395,000 -7.0% $545 / Sq Ft
10/04/2024 10/04/24 Price Changed $2,575,000 -2.8% $586 / Sq Ft
06/27/2024 06/27/24 For Sale $2,650,000 +10.4% $604 / Sq Ft
12/01/2021 12/01/21 Sold $2,400,000 +9.1% $547 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $2,200,000 -- $501 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,283 $2,395,000 $1,200,000 $1,195,000
2024 $11,153 $1,082,477 $545,574 $536,903
2023 $11,153 $1,061,253 $534,877 $526,376
2022 $10,983 $1,040,445 $524,390 $516,055
2021 $11,226 $1,044,517 $512,069 $532,448
2020 $11,097 $1,033,808 $506,819 $526,989
2019 $11,028 $1,013,538 $496,882 $516,656
2018 $10,895 $993,666 $487,140 $506,526
2017 $10,689 $974,184 $477,589 $496,595
2016 $10,080 $955,083 $468,225 $486,858
2015 $9,934 $940,737 $461,192 $479,545
2014 $9,564 $922,310 $452,158 $470,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24121517

California Regional Multiple Listing Service (CRMLS)

APN: 075-281-008