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Margarita Houses for Sale

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  • /51

    $1,380,000 Open Sat 11AM - 2PM

    • 3 Beds
    • 3.5 Baths
    • 2,256 Sq Ft

    3066 Calle Malva, San Luis Obispo, CA 93401

    Former model home in the Italian inspired Toscano community! Nestled amongst the picturesque setting of the South Hills open space, this timeless enclave of homes enjoys views of surrounding mountains, tranquil hiking trails, and convenient access to the vibrant downtown, the Public Market, Trader Joe’s and SLO County Regional Airport. With three spacious bedrooms, including two primary suites

    Jennifer Campa Richardson Sotheby's International Realty

    3066 Calle Malva, San Luis Obispo, CA 93401
  • /54

    $1,549,000 Open Sun 12PM - 2PM

    • 3 Beds
    • 3.5 Baths
    • 2,265 Sq Ft

    3032 Cortuna Dr, San Luis Obispo, CA 93401

    Welcome Home to Toscano – A Tuscan-Inspired Retreat. Discover the perfect blend of modern luxury and low-maintenance living in the sought-after community of Toscano. Built in 2018, this beautifully designed 3-bedroom plus loft, 3.5-bathroom home offers a thoughtful layout with upscale finishes throughout—ideal for those who value comfort, convenience, and style. This home features two spacious

    Michelle Perlich Acquire Mortgage & Real Estate

    3032 Cortuna Dr, San Luis Obispo, CA 93401

Why Live in Margarita

Margarita, a suburban neighborhood in San Luis Obispo, is located about 3 miles south of downtown. This area appeals to families and retirees due to its convenient location and recently constructed housing developments. The neighborhood features two main subdivisions, Serra Meadows and Toscano, both developed within the last decade. Serra Meadows showcases Craftsman-style homes, while Toscano offers an Italian Villa vibe. Homes in these subdivisions range from one to two stories with three to four bedrooms, and lot sizes between 4,500 and 6,000 square feet. Margarita residents enjoy access to the 133-acre South Hills Open Space, which offers hiking trails and panoramic views from Vulture Peak. Recreational facilities include Stoneridge Park, the Damon-Garcia Sports Complex, and Meadow Park, which features courts for tennis, pickleball, and sand volleyball. Grocery shopping is convenient with Vons in the nearby Marigold Center, and dining options abound with local favorites like Shalimar, Beda’s Biergarten, and Taco Roco. The San Luis Obispo Public Market on Higuera Street offers a variety of dining choices. The neighborhood is served by the highly rated San Luis Coastal Unified School District, including Hawthorne Elementary, Laguna Middle, and San Luis Obispo High. Margarita is also close to downtown events such as the weekly Farmers Market and summer concerts at Mission Plaza. While primarily car-dependent, the neighborhood is accessible via State Route 227 and Highway 101, with SLO Transit bus stops nearby. The San Luis Obispo County Regional Airport and French Hospital Medical Center are both about 4 miles away.

Home Trends in Margarita, CA

Housing Trends

Median Sale Price
$1,200,000
Median Single Family Sale Price
$1,175,000
Average Price Per Sq Ft
$630
Number of Homes for Sale
2
Last 12 months Home Sales
19
Months of Supply
1.30
Median List Price
$1,289,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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