San Luis Obispo (SLO) Homes under $2 million

Welcome to San Luis Obispo, California—a hidden gem nestled in the heart of the Central Coast. Known for its stunning natural beauty, vibrant culture, and welcoming community, SLO is the perfect place to call home. With its picturesque rolling hills, charming downtown, and year-round mild climate, this city offers an unparalleled quality of life that attracts residents from all walks of life.

San Luis Obispo boasts a rich history and a thriving arts scene, with local galleries, theaters, and music festivals that celebrate creativity and community spirit. The famous Thursday night farmers' market is a must-visit, where you can indulge in fresh produce, local delicacies, and live entertainment. Outdoor enthusiasts will revel in the abundance of nearby hiking trails, beaches, and parks, making it easy to enjoy the great California outdoors.

For those looking to settle down in this idyllic region, you'll be pleased to know that there are a variety of homes available for under $2 million. From charming bungalows in the historic district to modern family homes in family-friendly neighborhoods, SLO offers diverse options to suit every lifestyle and budget. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you’ll find a welcoming community that feels just right for you.

Embrace the San Luis Obispo lifestyle, where sunshine meets serenity, and make your dream of homeownership a reality in this captivating city. Your perfect home awaits in SLO!

Newest San Luis Obispo (SLO) Homes under $2 million

$1,050,000

3 Beds ⋅ 4 Baths ⋅ PI26217154 MLS ⋅ Active Status

New Construction ready for move in. Welcome to The Collective at Righetti — a limited collection of four thoughtfully designed live/work residences in the heart of Righetti. Blending modern living with flexible street-level professional office space, these homes are ideal for entrepreneurs, creatives, and professionals seeking the convenience of living and working under one roof. Each residence offers 3 bedrooms and 2.5 baths across the second and third levels, plus a versatile ground-floor office, studio, or optional 4th bedroom with a full bath. Designed with contemporary finishes throughout, the interiors feature quartz countertops in kitchens and baths, full-height tile backsplashes in kitchens, LG stainless steel appliances, Melamine Thermo Composite (MTC) flooring in the main living areas, carpeted bedrooms, and designer tile in baths and laundry areas.

1194 Tiburon Way, San Luis Obispo

$1,395,000

5 Beds ⋅ 2 Baths ⋅ SC26193351 MLS ⋅ Active Status

Exceptional opportunity just blocks from downtown San Luis Obispo and close to Cal Poly. This updated 5-bedroom, 2-bathroom home offers a rare combination of location and versatility that appeals to both investors and owner-occupants. Completely renovated in 2020, improvements include flooring, countertops, bathrooms, windows and window coverings, appliances, washer and dryer, heating system and roof. Generous living spaces, a huge backyard and plenty of off-street parking further enhance the property. The flexible 5-bedroom layout provides plenty of options for full-time living, additional workspace, guests, or rental income. Ideally situated for enjoying the best of SLO, with easy access to prime dining, shopping, entertainment, and an array of local amenities.

895 Lincoln Street, San Luis Obispo

$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

$1,500,000

4 Beds ⋅ 3 Baths ⋅ PI26209633 MLS ⋅ Active Under Contract Status

Welcome to 667 & 671 Howard Street. Two beautifully renovated homes on one property in the heart of San Luis Obispo. The approximately 1,140 sq. ft. 3-bedroom, 2-bath Craftsman both residences were taken down to the studs and meticulously rebuilt in 2024, including updated plumbing and electrical, stylish modern finishes, Samsung Quantum 2.0 mini-split heating and cooling throughout, and a high-end Fireplace Xtrordinair gas fireplace. The fully detached, permitted 1-bedroom, 1-bath ADU offers its own living room, laundry hookups, private yard and excellent separation from the main home. Currently leased through July 31, 2027 at $2,845/month, it provides immediate rental income and added flexibility for an investor, extended family or future guest space. Walking distance to Cal Poly and downtown SLO’s restaurants, shops and entertainment, with easy freeway access, ample off-street parking and a large carport. R-2 zoning adds another layer of long-term potential. Two turnkey residences, one exceptional San Luis Obispo location and a rare opportunity to combine lifestyle, flexibility and income.

667 671 Howard, 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

$1,399,000

3 Beds ⋅ 2 Baths ⋅ PI26208406 MLS ⋅ Active Status

Enjoy the freedom of approximately 5 acres, where privacy, flexibility, and country-style living come together just minutes from the heart of San Luis Obispo. With room to spread out, create, work, and gather, this unique property offers a rare combination of peaceful surroundings and convenient access to shopping, dining, schools, and everyday amenities. The property features a main residence, a separate detached ADU, and a substantial detached barn/shop with garage and upper-level storage, offering exceptional versatility for multi-generational living, guests, a home office, hobbies, projects, storage, or additional parking. The main residence offers approximately 1,505 square feet with 3 bedrooms and 2 bathrooms, along with an attached 2-car garage. The separate detached ADU provides approximately 1,260 square feet with 3 bedrooms, 2 bathrooms, its own kitchen and living areas, and a separate entrance—creating valuable additional living space and flexibility. Outside, the approximately 1,137-square-foot detached barn/shop provides generous space for vehicles, equipment, projects, hobbies, or storage, with an upper-level storage area and additional covered parking adding even more functionality. Whether you’re looking for a little more breathing room, space for family and friends, room to pursue your hobbies, or simply a quieter way of life without giving up the conveniences of town, this property offers the space and flexibility to make it your own. Properties offering approximately 5 acres, two separate living spaces, and substantial shop and storage space this close to San Luis Obispo are rarely available. Come experience the space, possibilities, and lifestyle this special property has to offer. All information is deemed reliable but not guaranteed and should be independently verified by the buyer and buyer’s agent. Square footage, lot size, room dimensions, permitted uses, zoning, and other property details are approximate and subject to verification.

4695 Thread Lane, 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

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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.