0.jpg
1 / 58

273 Mercedes Lane, Arroyo Grande, CA 93420

$1.85M4bd · 2ba · 2,492 sqft
Lot 20,038 sqft•Single Family Residence•
Active
•18d on market•MLS# SC-26144964

Property Description

Set on a large, beautifully landscaped lot in Arroyo Grande East, this single-level four-bedroom home pairs expansive ocean and city-light views with the kind of spaces that make even ordinary days feel just that much more special. Minutes from the Village of Arroyo Grande, the setting offers a wonderful balance of connection, privacy, and coastal ease. From the street, the home makes a beautiful first impression with lush lawns, swaying palms, and an attached three-car garage with a dedicated RV bay. Inside, abundant natural light fills the living room, where a fireplace and ceiling fan create a warm, comfortable place to gather. The living room opens directly to an incredible pergola shaded patio, creating an inviting outdoor space where ocean views are front and center. The kitchen is designed for both cooking and conversation, with a generous island, breakfast bar, pantry, abundant cabinetry, stainless steel appliances, gas cooktop, and double wall ovens. A bright breakfast nook looks out toward the neighborhood and the views beyond, while the formal dining room adds built-in storage and a more traditional setting for entertaining. The primary suite is a true highlight, with its own fireplace insert, backyard access, walk-in closet, and spacious ensuite featuring a walk-in shower and accessibility features. Three additional bedrooms and a full bathroom offer flexibility for family, guests, an office, or whatever life calls for. Hallway storage and a dedicated laundry room with cabinetry and utility sink add the practical touches that make this home work beautifully day to day. Owned solar with a battery bank adds energy independence and the freedom of having your own reliable power source. Outside, the landscaped backyard rises gently toward a sitting area at the top of the property, creating yet another place to pause and take in the panoramic ocean and city-light views. From morning coffee to evening sunsets, the setting keeps reminding you why living on the Central Coast is so special. A welcoming home, a generous lot, and views that never get old. This is Arroyo Grande living with a distinctly coastal point of view.

Features & Amenities

FeeBuilt 1996

Property Details

Land Type
Fee
Year Built
1996
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
3
Heating
Forced Air
Cooling
None
View
City Lights, Ocean, Panoramic
City
Arroyo Grande
Zip Code
93420
County
San Luis Obispo
Listed byUnknown Office, Lindsey Harn

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$9,354.61
Principal & Interest
Loan Amount
$1,480,000
Total Interest
$1,887,658
Total Payment Over 30 Years
$3,367,658
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

273 Mercedes Lane, Arroyo Grande, CA 93420

Arroyo Grande · Single Family Residence

$1.85M
Luxury Tier
Beds
4
Baths
2
Sqft
2,492
Lot
20,038 sqft
Year
1996
$/Sqft
$742
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed 25.0% above the median closed sale of $1,480,000. Price per sqft ($742) is a 18% premium to closed comps ($631). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.85M· $742/sqft
Total list price
Closed comps
vs closed median $1.48M
+$370K (+25.0%)
Active comps
vs active median $1.75M
+$101K (+5.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $776
−$34 (−4.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
562 Crown Hill StreetArroyo Grande1995442,5846,750$538$1.39M9577
979 NoyesArroyo Grande1986432,2121,166,972$1,040$2.30M9568
264 Cobble Creek WayArroyo Grande2026542,63416,437$656$1.73M12367
1096 Robin CircleArroyo Grande1986432,82211,450$620$1.75M3465
10530 La RanchitaArroyo Grande2012452,9152,919,391$1,027$3.00M1062
Total: 5 · Average4.23.82,633.4824,200$776.2$2.03M71.4
Median2,634$1.75M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2888 NorthviewArroyo Grande199509/03/2026332,78720,152$2.10M$2.10M$7531.004692
170 RodeoArroyo Grande198907/02/2026322,28612,800$1.60M$1.68M$7331.052185
571 Traffic WayArroyo Grande194907/13/2026442,47520,050$989,000$900,000$3640.9114174
576 Via La BarrancaArroyo Grande197908/17/2026432,20621,001$1.48M$1.48M$6711.006174
815 Via Las AguilasArroyo Grande199807/13/2026332,13120,038$1.35M$1.35M$6361.004573
Total: 5 · Average3.43.02,37718,808.2$1.50M$1.50M$631.4—62.8
Median2,286$1.48M$1.48M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.