San Luis Obispo (SLO) Homes under $1.25 million

Welcome to San Luis Obispo (SLO), a vibrant gem nestled in the heart of California’s Central Coast. Known for its stunning landscapes, rich history, and a lively community spirit, SLO offers an exceptional quality of life that attracts residents from all walks of life. With rolling hills, picturesque vineyards, and the iconic San Luis Obispo Creek winding through the downtown area, it’s no wonder that this charming city is often referred to as the “Happiest City in America.”

San Luis Obispo boasts a delightful blend of small-town charm and modern amenities. The downtown area is filled with eclectic shops, delightful restaurants, and a thriving arts scene, making it a perfect place to explore on foot. The famous San Luis Obispo Farmers’ Market, held every Thursday evening, showcases the region’s local produce and artisanal goods, creating a lively atmosphere for residents and visitors alike.

For those considering a move to this enchanting region, there are fantastic housing options available under $1.25 million. From cozy bungalows to contemporary family homes, SLO offers a diverse range of properties that cater to various lifestyles and budgets. Many of these homes are nestled in friendly neighborhoods, providing a sense of community and belonging. With stunning views of the surrounding hills and easy access to outdoor activities like hiking, biking, and wine tasting, living in San Luis Obispo means embracing a lifestyle rich in natural beauty and adventure.

Whether you’re looking for your first home, a vacation retreat, or an investment property, San Luis Obispo has something for everyone. Discover the charm of SLO and find your dream home in this idyllic California oasis!

Newest San Luis Obispo (SLO) Homes under $1.25 million

$935,738

3 Beds ⋅ 3 Baths ⋅ SC26216081 MLS ⋅ Active Status

Introducing the Islay Plan 3 Homesite #318 at Avila Ranch — a spacious two-story home offering 1,708 sq. ft. of modern living. The open-concept main level features a large great room, dining area, and a thoughtfully designed kitchen with pantry, appliances, and a generous center island. Upstairs, the Owner’s Suite includes a walk-in closet and dual-sink vanity. Two secondary bedrooms share a full bath, and a conveniently located laundry room with nearby storage adds everyday functionality. Designed for today’s lifestyle, this home blends comfort, style, and efficiency in a desirable Avila Ranch community setting.

282 Memphis Belle Way, San Luis Obispo

$864,999

3 Beds ⋅ 3 Baths ⋅ SC26215761 MLS ⋅ Active Status

1119 Tiburon Way, a beautifully upgraded 3 bedroom, 2 1/2 bath Townhome located in San Luis Obispo’s desirable Righetti Ranch community. Offering approximately 1,619 sqft, this modern home features an attached 2 car garage, owned solar, a tankless water heater, luxury vinyl plank flooring throughout and stylish finishes. The bright, open main level connects the kitchen, dining area and living room, creating a comfortable space for everyday living and entertaining. The kitchen features quartz countertops, a large center island with bar seating, stainless-steel appliances, white cabinetry, under-cabinet lighting, and a striking herringbone tile backsplash. Upstairs, the spacious primary suite includes a walk-in closet and an ensuite bathroom with dual sinks, quartz countertops, and an upgraded tiled walk-in shower with a black-framed glass enclosure. The two additional bedrooms share a full bathroom with double sinks, while the dedicated upstairs laundry room provides built-in cabinetry and a quartz countertop workspace. Located directly across the street is the highly anticipated Righetti Community Park, currently under construction and anticipated to be completed in fall 2027. Planned amenities include pickleball courts, soccer fields, a bike pump track, walking paths, a picnic area, and a playground(Reference San Luis Obispo city website for more details). Conveniently situated near hiking and biking trails, shopping, restaurants, schools, The San Luis Obispo County Regional Airport and Central Coast wineries. 1119 Tiburon Way offers modern living in an exceptional San Luis Obispo location.

1119 Tiburon Way, San Luis Obispo

$649,000

2 Beds ⋅ 2 Baths ⋅ SC26214740 MLS ⋅ Active Status

Light-Filled End Unit with Soaring Ceilings, Fireplace & Private Patio in Windermere Step inside this distinctive 2-bedroom, 2-bath Windermere condo and discover a home that feels anything but ordinary. Soaring ceilings, abundant windows and an open multi-level design create an impressive sense of space, while the living room fireplace provides a warm focal point at the heart of the home. The adjoining dining area is filled with natural light and features a charming bay window seat and French doors opening to the private patio—an inviting extension of the living space for morning coffee, outdoor dining or relaxing in the Central Coast sunshine. The kitchen connects easily to the dining area with additional seating at the breakfast bar. The thoughtful multi-level floor plan places the bedrooms on separate levels, offering welcome flexibility and privacy for guests, a home office or everyday living. The upper bedroom feels especially spacious with vaulted ceilings, abundant natural light and generous closet space. Additional highlights include indoor laundry, a detached garage and the privacy of an end-unit location. Conveniently situated near Laguna Lake Park, hiking and biking trails, shopping, dining and downtown San Luis Obispo, this home combines architectural character, outdoor space and everyday convenience in one of SLO’s established residential communities. Come experience the space, light and character of 1106 Oceanaire Drive #1.

1106 Oceanaire Unit 1, San Luis Obispo

$1,029,000

3 Beds ⋅ 3 Baths ⋅ SC26212808 MLS ⋅ Active Status

Welcome to 3626 Lemon Grove Lane, a beautifully maintained 3-bedroom, 2.5-bath home in San Luis Obispo’s Noveno community. From the covered front porch overlooking the landscaped paseo, step inside to a bright, comfortable floor plan with vinyl plank flooring and plantation shutters throughout. The kitchen sits at the heart of the home with quartz countertops, a gas range, stainless steel appliances, Samsung Family Hub refrigerator, walk-in pantry, additional storage under the stairwell, and peninsula with bar seating. Just off the dining area, a large sliding door opens to the private side courtyard with concrete patio and pavers, creating a great space for morning coffee, BBQs, or relaxing outside. Upstairs, a bonus area adds flexibility that can be hard to find. Use it as a second living space, home office, playroom, workout area, or creative space. The primary suite features a walk-in closet and private bath with dual vanities and a walk-in shower. Two additional bedrooms, a secondary bath with dual sinks, and convenient upstairs laundry complete the second level. Upgraded solid-core doors with sleek stainless steel handles bring added privacy, reduced noise between rooms, and a high-end feel to every space. An attached two-car garage is tucked along the rear lane. This home features owned solar to help curb your power bill and a Google Nest Smart Thermostat that adds convenient climate control. With trails and parks nearby and Downtown SLO, Edna Valley wineries, shopping, dining, and everything the Central Coast has to offer just minutes away, this is an easy place to settle in and Love Where You Live.

3626 Lemon Grove Lane, San Luis Obispo

680 Chorro Street Unit 1, San Luis Obispo

$475,000

2 Beds ⋅ 1 Baths ⋅ SC26208675 MLS ⋅ Active Status

Just blocks from Downtown San Luis Obispo and approximately one mile from Cal Poly, this 2-bedroom, 1-bath end-unit condo in the desirable Peachwood complex puts the best of SLO within easy reach. Located on the second floor, the 878-square-foot home offers a functional floor plan with a spacious living area, a dining area connected to the kitchen, and a convenient pass-through that keeps the spaces connected. The living room opens to a private covered balcony, creating a natural spot for morning coffee, outdoor sitting or simply enjoying some fresh air. Both bedrooms offer ample storage, while two covered parking spaces and separate private storage room provide added practicality. Beyond the property itself, the location is a major part of the appeal, with dining, shopping, entertainment, local events and the SLO Farmers' Market all nearby, along with public transportation, bike paths and convenient access to Highway 101. Whether you're looking for a home close to Cal Poly, a low-maintenance base near Downtown, or an opportunity to enjoy more of San Luis Obispo without being far from where you want to be, this Peachwood condo offers a well-connected place to call home.

680 Chorro Street Unit 1, San Luis Obispo

$739,000

2 Beds ⋅ 3 Baths ⋅ NS26214732 MLS ⋅ Active Status

Welcome to Margarita Villas! A great Planned Unit Development community with pool, spa and pathways. This particular home has been originally owned since 1988. Home has been lovingly cared for throughout the years. The living room is roomy with south facing windows for natural light, high vaulted ceilings and with a cozy fireplace. The dining room is located just off the kitchen and the sliding glass doors lead to a private patio area. The kitchen has newer tile floors and the stainless applicances will be included. Upstairs you will find 2 primary suites with their own private baths. A must see.

261 Via La Paz, San Luis Obispo

$875,000

3 Beds ⋅ 3 Baths ⋅ SC26213458 MLS ⋅ Active Status

Welcome to the Courtyards at Toro, conveniently located about a mile to Cal Poly University and two blocks to Downtown San Luis Obispo. This beautiful condo is nicely tucked away towards the back of the community just steps away from a pocket garden and picnic area exclusively for residents. This development was built from the ground up in 2019 with this unit being the first ever re-sale on the market. The property is two stories total with a seamless and spacious layout between the living room and the private patio. The ground floor features a two car garage, living room with glass slider to the outdoor private patio, half bathroom, spacious walk-in closet/pantry, open concept kitchen with quartz countertops and pendant light fixtures, and lots of windows for abundant natural light. On the top floor is a spacious laundry nook with side by side washer/dryer and upper cabinets, primary bedroom suite with oversized walk in closet and full bathroom, two additional bedrooms, and another full bathroom. The HOA fee is among one of the lowest in the area and the common area spaces are professionally kept and managed. With its unique location and amenities, this condo is perfect for someone who wants Downtown SLO living or for an investor who is seeking a rental property near the university.

625 Toro Street Unit 8, San Luis Obispo

$875,000

3 Beds ⋅ 3 Baths ⋅ SC26213452 MLS ⋅ Active Status

625 Toro Street Unit 5, San Luis Obispo

$935,000

3 Beds ⋅ 2 Baths ⋅ SC26212373 MLS ⋅ Active Status

First time on the market in over 37 years! Lovingly maintained and owner-occupied for more than three decades, this spacious single-level rancher offers 1,891 sq. ft. of comfortable living space with 3 bedrooms, 2 baths, and tons of potential. The inviting living room features a wood-burning fireplace with a gas log set and abundant natural light throughout. A separate family room provides additional living space and offers the flexibility to convert into a 4th bedroom. Storage is plentiful with generous hall and linen closets along with classic built-in cabinetry, while one bathroom includes a Safeguard walk-in jetted tub for added comfort and convenience. Notable updates include a newer roof and upgraded windows, and all appliances stay with the home. Situated on an expansive corner lot, the property boasts low-maintenance landscaping, an oversized 2-car garage, and convenient access to schools, shopping, restaurants, and everyday amenities. This exceptionally cared-for home is ready to welcome its next owners!

1284 Oceanaire Drive, San Luis Obispo

$999,900

2 Beds ⋅ 1 Baths ⋅ NS26210536 MLS ⋅ Active Status

Bishop Peak views, classic SLO charm, and plenty of possibilities come together at 31 Rafael Way in San Luis Obispo. Situated on a 6,063 square foot lot, this 2-bedroom, 1-bath home offers 847 square feet of living space along with a garage, additional storage, and flexible bonus space. Inside, the inviting living room features a fireplace and vinyl flooring, while the adjoining dining area is surrounded by windows that bring in natural light. The kitchen features granite countertops, warm wood cabinetry, recessed lighting, tile flooring, and stainless steel appliances, including a gas range and built-in microwave. Even washing dishes comes with a view, with Bishop Peak visible right from the kitchen window. The home offers two bedrooms and a full bathroom, creating a comfortable and efficient floor plan within its 847 square feet. The bathroom features tile flooring and a tiled tub/shower surround. Beyond the main living area, an expansive bonus/storage space with skylights offers additional versatility for hobbies, projects, a workshop, or simply extra storage. A garage and multiple outdoor storage sheds provide even more room for tools, equipment, and belongings. Outside, the 6,063 square foot lot offers plenty of opportunity to reimagine the yard and create an outdoor space all your own. A covered outdoor area provides additional space to gather and enjoy the Central Coast climate, while beautiful views of Bishop Peak create a distinctly San Luis Obispo backdrop. Whether you're looking for a place to make your own or an investment opportunity in San Luis Obispo, 31 Rafael Way offers the chance to enjoy the SLO lifestyle with one of the area's most recognizable peaks right outside your door. Conveniently located near downtown SLO, Cal Poly, hiking trails, and parks, with the award-winning wineries of Edna Valley and beautiful Central Coast beaches just a short drive away. Don’t miss this opportunity to make 31 Rafael Way your own. Live the SLO Life!

31 Rafael Way, San Luis Obispo

1185 E Foothill Unit 30, San Luis Obispo

$699,000

2 Beds ⋅ 2 Baths ⋅ NS26210074 MLS ⋅ Active Status

Just one block from Cal Poly!! * New carpet/ paint/ blinds ** First-floor bedroom opens to a private patio. Main level includes second bedroom, full bathroom, kitchen, and living area with balcony access. Tandem two-car carport with built-in storage plus an additional parking permit. Sought-after location near Cal Poly with strong, consistent rental demand and long-term investment appeal with proven income-generating potential. Rarely available this close to campus in a prime Pine Creek location. Currently leased through July 10, 2027.

1185 E Foothill Unit 30, San Luis Obispo

1255 Orcutt Road Unit B13, San Luis Obispo

$159,950

2 Beds ⋅ 2 Baths ⋅ WS26208284 MLS ⋅ Active Status

Welcome to this bright and spacious manufactured home located in the desirable Colonial Manor Manufactured Home Community in San Luis Obispo. This thoughtfully designed double-wide offers 2 bedrooms and 2 bathrooms with a bright, functional layout that maximizes both comfort and space. The kitchen is equipped a convenient island, creating a modern and inviting space perfect for everyday living and gathering. Indoor laundry hookups add convenience, while the overall design offers a clean, low-maintenance lifestyle. Enjoy the ease of living in a well-maintained community with affordable space rent of just $995 per month—an excellent opportunity to own a brand new home in a prime coastal location.

1255 Orcutt Road Unit B13, San Luis Obispo

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.