$1,550,000
- 3 Beds
- 3 Baths
- 2,190 Sq Ft
389 Pismo & 1417 Carmel, San Luis Obispo, CA 93401
Hal Sweasey Keller Williams Realty Central Coast
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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
On average, homes in Margarita, San Luis Obispo sell after 31 days on the market compared to the national average of 51 days. The median sale price for homes in Margarita, San Luis Obispo over the last 12 months is $1,230,000, consistent with the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$1,230,000
Median Single Family Sale Price
$1,215,000
Average Price Per Sq Ft
$625
Number of Homes for Sale
2
Last 12 months Home Sales
38
Months of Supply
0.60
Median List Price
$1,250,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%
Homes in Nearby Neighborhoods
Homes in Nearby Cities
Homes in Nearby Counties
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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