San Luis Obispo Land for Sale

San Luis Obispo Land for Sale

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Newest San Luis Obispo Land for Sale

$1,895,000
SC26140624 MLS
Exceptional opportunity to develop a mixed-use project in the heart of Downtown San Luis Obispo. Located at the north end of Higuera Street, this 5,903-square-foot parcel offers the potential for urban living above retail or commercial space, placing future residents and customers within easy reach of the city’s vibrant downtown amenities. The property is currently a vacant parking lot and is surrounded by established retail, government offices, professional services, and popular eateries. Conceptual renderings illustrate one potential vision for the site, while completed surveys provide a starting point for a developer ready to take the project forward. Buyer to verify. With a prominent downtown location and a compelling mix of residential and commercial potential, this is an opportunity to bring new energy and purpose to one of San Luis Obispo’s most central urban sites.

973 Higuera ST, San Luis Obispo

Listing courtesy of Listing Agent: Lindsey Harn (soldbylindseyharn@gmail.com) from Listing Office: Christie's International Real Estate Sereno.
$6,000,000
SC26175854 MLS
Set across expansive acreage in the heart of Edna Valley, the property features sweeping panoramic views of the Cuesta Mountain Range and the iconic Nine Sisters. The ranch is improved with four existing residences, providing immediate utility and income potential. The land is rich with natural features, including three reservoirs, two creeks, mature trees, and rolling terrain that enhances both privacy and scenic appeal. Water resources are supported by three productive wells with approximate yields of 20, 14, and 5 gallons per minute. Two all-weather access roads from Orcutt Road provide convenient and reliable access throughout the property. Strategically positioned adjacent to city limits and within the City’s Sphere of Influence, the property is identified for future annexation—currently anticipated around 2028 per LAFCO guidance—creating a compelling long-term investment opportunity. A prior ownership vision contemplated subdivision into 8–9 legal parcels, with remaining acreage suited for higher-density residential development, including both multifamily and single-family housing.

3970 Orcutt Road, San Luis Obispo

Listing courtesy of Listing Agent: Patrick Smith (n700ps@aol.com) from Listing Office: Avila Beach Realty Inc..
$448,000
AR26159820 MLS
BACK ON THE MARKET! Look at this 6,000 sqft R4 lot priced to SELL! Amazing development opportunity in one of the best cities on the California Central Coast! Flat, accessible land zoned R4 right in the Downtown San Luis Obispo neighborhood. Per the city, density allows for possibly 8 units. In Downtown SLO yet still close to Cal Poly, this location has a Walk Score of 90 out of 100. Bike score is a very bike-able 75. Nearby parks include Mission Plaza, Santa Rosa Park and Mitchell Park. San Luis Obispo has an average Walk Score of 56 and has 45,119 residents. Downtown is absolutely bustling with activity. There are coffee shops, restaurants, tons of retail and commercial, rooftop bars, underground breweries, museums, historic landmarks including Mission San Luis Obispo de Tolosa est. 1772 in Mission Plaza. There are cultural events, not to mention Thursday Farmers Market, and Bubblegum Alley. You can be at Morro Bay or Pismo Beach in ten minutes or get right on the 101 and go wherever you need to go. Whether building for students or busy professionals, this site is perfect for your next project. The City of San Luis Obispo recognizes the need for housing and is excited to work with you. There may be Housing Finance Agencies (HFAs) offering additional credits or soft funding. Buyer to confirm all information and satisfy themselves with regard to all questions of density, building, etc.

879 Walnut Street, San Luis Obispo

Listing courtesy of Listing Agent: Andrew Loeffler (andrew.loefflerteam@gmail.com) from Listing Office: Re/Max Premier Prop SanMarino.
$599,000
PI26114758 MLS
1312 Oceanaire offers a once-in-a-lifetime opportunity to build your dream home on one of the last remaining waterfront lots at beautiful Laguna Lake. Positioned to capture possibly the best views in the neighborhood, this exceptional homesite features unobstructed vistas of Laguna Lake and the iconic Seven Sisters mountains, a setting that embodies the very best of Central Coast living. Build the custom home you’ve always envisioned, with the freedom to design around the views, lifestyle, and neighborhood you’ve been searching for. Wake up to sparkling water, rolling hills, and unforgettable sunsets right from your future backyard. Surrounded by established homes in a highly desirable location, this vacant lot offers the perfect balance of natural beauty and convenience, with ideal orientation for solar. Enjoy easy access to shopping, schools, restaurants, and everyday amenities, with the added benefit of being able to walk or bike to nearby schools and local attractions. Whether you’re dreaming of a modern retreat, luxury estate, or peaceful getaway, opportunities like this are incredibly rare. Don’t miss your chance to create a one-of-a-kind lakefront property in one of the area’s most scenic settings.

1312 Oceanaire, San Luis Obispo

Listing courtesy of Listing Agent: Erica Hinojosa (ehino805@gmail.com) from Listing Office: Berkshire Hathaway Home Services.
$1,750,000
SC26074232 MLS
Perched at the very top of the highly sought-after Baron Canyon Ranch enclave, this extraordinary 38.58-acre raw land parcel offers a rare opportunity to own one of the largest and most private homesites in all of San Luis Obispo County. Tucked within a gated community, this property delivers the best of exclusivity, proximity, in a stunning natural setting. Set at the end of Baron Canyon Ranch Road and Balm Ridge Road, the land enjoys unmatched seclusion, with no through traffic and a true sense of end-of-the-road privacy. Unlike neighboring parcels—typically just 1 to 3 acres—this expansive holding stands apart as a legacy-sized estate opportunity, offering scale, flexibility, and long-term value that is increasingly hard to find along the Central Coast. From its elevated hillside vantage point, the property unfolds into sweeping, unobstructed panoramic views stretching from rolling coastal hills to the distant Pacific Ocean. Sunrises and sunsets here are nothing short of cinematic, with golden light washing across the canyon ridgelines and coastal horizon. It is, quite literally, a front-row seat to some of California’s most breathtaking natural scenery. Despite its serene and secluded setting, the property is located approximately 3 miles from the San Luis Bay Drive freeway exit, providing quick access to San Luis Obispo, Avila Beach, and the broader South County region. It’s a location that masterfully balances privacy with practicality—close enough for everyday access, yet far enough to feel like a private retreat from the world. The possibilities here are as vast as the land itself. Whether envisioned as a private estate, luxury retreat, or long-term land bank investment, this parcel offers a blank canvas of exceptional scale and natural beauty. Private tours can be arranged for qualified buyers seeking to experience the land’s presence, elevation, and views firsthand. Opportunities of this magnitude—large acreage, gated access, panoramic ocean views, and proximity to town—are exceptionally rare in San Luis Obispo County. This is more than land. It’s a foundation for something extraordinary.

6175 Balm Ridge Way, San Luis Obispo

Listing courtesy of Listing Agent: Lindsey Harn (soldbylindseyharn@gmail.com) from Listing Office: Christie's International Real Estate Sereno.
$2,950,000
SC26092384 MLS
The site is located within the San Luis Obispo City limits, across from the SLO Airport. It is a vacant parcel zoned CS (Commercial Service) and sits within Zone 6 of the Airport Land Use Plan. This parcel is located in the East Airport commercial district, a thriving area which benefits from close proximity to the San Luis Obispo County Airport. Other nearby businesses include SRAM, Cal Poly’s new 40,000 SF administrative office, PG&E, the SLO County Farm Bureau, Harris Law, People’s Self Help Housing, ACI Jet, and UCLA Health. The Commercial Service zone allows for many uses, including light industrial, office, retail, recreation, or mixed-use residential. APN #053-412-031

1146 Farmhouse, San Luis Obispo

Listing courtesy of Listing Agent: Derek Senn (derek@anderson-senn.com) from Listing Office: Anderson & Senn Commercial Real Estate.
$4,300,000
SC26067090 MLS
Set among 57 breathtaking acres in the highly coveted Edna Valley, this extraordinary property offers sweeping panoramic views, unmatched privacy, and a rare opportunity to create a spectacular Central Coast estate. Tucked away on the quiet and private Davenport Creek Road, this remarkable property showcases panoramic views of rolling vineyards, open countryside, and the surrounding valley, creating a setting of exceptional beauty, tranquility, and seclusion. Properties of this size and caliber in Edna Valley are incredibly rare. The expansive acreage provides endless possibilities for those seeking to create a private estate, vineyard retreat, or ranch property in one of San Luis Obispo County’s most desirable locations. The land offers ample space and potential for horses, cattle, and a true ranch lifestyle, with room to create the rural estate you’ve been envisioning. The existing residence includes an original structure dating back approximately 100 years, with a significant addition completed in 1968. The home presents an opportunity for a visionary buyer to reimagine, renovate, or design and build a custom estate that fully captures the spectacular setting and sweeping views. Ideally located just minutes from the San Luis Obispo County Regional Airport, the renowned wineries of Edna Valley, and vibrant downtown San Luis Obispo. Enjoy the best of the Central Coast lifestyle with nearby farmers markets, farm-to-table dining, wine tasting, music festivals, and year-round outdoor recreation.

5350 Davenport Creek Road, San Luis Obispo

Listing courtesy of Listing Agent: Robin Mitchell Hee (robin@bhgrehaven.com) from Listing Office: BHGRE HAVEN PROPERTIES.
$4,600,000
SC26047488 MLS
Prime Infill Opportunity in Downtown San Luis Obispo. One of the last largest remaining infill sites in Downtown SLO. This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately. » Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left. » Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities. » City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines. » High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market. » Possibility for Assisted Living.

1390 Walker, San Luis Obispo

Listing courtesy of Listing Agent: Preston Thomas (preston.h.thomas@colliers.com) from Listing Office: Colliers Tingey International Inc..
$6,930,000
SC26005937 MLS
Monterey Place is an exclusive shovel ready mixed-use infill development on one of the last remaining raw land parcels in downtown San Luis Obispo. Fronting San Luis Obispo Creek and its scenic boardwalk, the project offers a vibrant urban setting with an inviting outdoor atmosphere. Located just steps from shops, restaurants, entertainment, Mission San Luis Obispo, the city plaza, and the renowned Thursday Farmers Market, the site is surrounded by the city’s most desirable amenities. Across the street, a new Performing Arts Center and parking structure are underway, further enhancing the area. The development features retail space along Monterey Street, a creekside restaurant with open-air dining, an open-air plaza, secure underground parking, boutique hotel rooms, and elegant creekside residences. Upper floors include for-sale one- to three-bedroom condos designed for modern urban living. Close to beaches, Central Coast wine country, Cal Poly, and nearby open space, Monterey Place offers a rare opportunity to experience a complete downtown lifestyle in a highly walkable, premier location.

655 Monterey Street, San Luis Obispo

Listing courtesy of Listing Agent: Steve Davis (davis@mccartydavis.com) from Listing Office: McCarty Davis, Inc..
$499,000
TR25145572 MLS
2298 Santa Ynez Ave, San Luis Obispo, CA 93405 Located at the edge of San Luis Obispo, this property presents a getaway while being just a brief stroll away from downtown. Situated at the end of a shared driveway, this 18,260 square-foot lot in the desirable Upper Monterey Heights neighborhood is perfectly placed above Cuesta Park, providing stunning views and a pleasant climate. All necessary utilities, including the water meter, are already available at the property line. This is a prime opportunity to construct your dream home on this spacious lot in Upper Monterey Heights, one of San Luis Obispo's most sought-after neighborhoods. With panoramic 200-degree views of downtown and Cuesta Grade, along with easy access to hiking trails, this property offers both natural beauty and convenience, fostering a peaceful lifestyle in close proximity to nature. Seize the opportunity to own a remarkable piece of the Central Coast.

2298 Santa Ynez Avenue, San Luis Obispo

Listing courtesy of Listing Agent: Jonathan Minerick (info@homecoin.com) from Listing Office: Homecoin.com.
$3,900,000
PI25137660 MLS
Lot 9 of San Luis Ranch, a thoughtfully planned community, offers a unique opportunity for a highly visible site from the freeway, centrally located in the highly sought-after area of San Luis Obispo. San Luis Ranch features 580 homes, an additional 299 future units, a 200-room hotel, an organic farm and marketplace, all providing a range of amenities to complement the site. The Prado Road freeway overpass connecting Dalidio Road at San Luis Ranch to Prado Road on the east side of Highway 101, along with other major road connections, also makes this location incredibly accessible. Property: 3.59 Acres Gross (156,380 SF). Maximum Building Size: 75,000 SF. Zoning: Neighborhood Commercial. Allowable Uses: Retail, Office, Medical (see the chart for a full list). Site Condition: Completed offsites and Blue Top pad. Rent: Contact broker for rates. Lease Type: NNN. TI Allowance: Negotiable. * Ownership may be willing to divide into 2 or 3 parcels. * Ground lease options available

2040 Prado Road, San Luis Obispo

Listing courtesy of Listing Agent: Jason Hart (Jason@HartCRE.com) from Listing Office: Hart Commercial Real Estate.
$500,000
PI25128584 MLS
This pristine 77-acre parcel sits tucked into the ridge-line just north of San Luis Obispo. It’s accessible via Old Stagecoach Road from the top-side trailhead or the more rustic back-road from below. Bordering the well-traveled West Cuesta Ridge Trail—a popular run for hikers and mountain bikers—the property offers connection to an established outdoor network.

Stagecoach Road, San Luis Obispo

Listing courtesy of Listing Agent: Dennis Allan (dennis@allanrealestate.com) from Listing Office: Allan Real Estate Investments.
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