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879 Islay St, San Luis Obispo, CA, 93401

2beds
3baths
1,960sqft
$1,390,000
$709price/sqft
$8,916/moest. monthly cost
$356,640/yrincome needed

About This Home

Best value for a newer construction home near downtown SLO. Built in 2011, this 2-bedroom + den (easily functions as a 3rd bedroom) offers nearly 2,000 sq ft with high-end finishes, no HOA, and an attached 2-car garage—just blocks from downtown. Designed with quality and comfort in mind, the home features radiant solar heating with warm floors throughout, along with stunning large-plank hardwood flooring in 7", 5", and 3" widths. The gourmet kitchen is equipped with high-end Thermador appliances, including a 6-burner range with island hood, quartz countertops, and custom cabinetry. High-end plumbing fixtures and custom tile work are showcased throughout the home, complemented by both an indoor gas fireplace and an outdoor gas fireplace with a real rock mantle—perfect for entertaining or relaxing year-round. A spacious den with double French doors offers flexibility and could easily function as a third bedroom, office, or guest space. Additional highlights include an attached two-car garage, no HOA, and no common walls. Enjoy the best of SLO living with close proximity to downtown shops, restaurants, and amenities.

Getting Around

91
WalkingWalker's Paradise
37
TransitSome Transit
92
BikeBiker's Paradise

Schools

6/10
9/10
Laguna Middle SchoolGrades 7-82.3 mi
10/10

Construction

Condition

  • Year built: 2011

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Features

  • Utility Room,Walk-In Closet(s)
  • Flooring: Wood
  • Fireplace features: Living Room,Outside
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Radiant
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,960 sqft

Other

  • Features: Walk-In Closet(s)

Property

Details

  • Parcel number: 003637025
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 4,093 sqft
  • Features: Level,Near Public Transit

Parking

  • Total spaces: 2
  • Parking features: Direct Access,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding

FEMA Declared Disasters in San Luis Obispo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,028$84,336
Home Insurance *$181$2,172
Property Taxes $1,287$15,444
Electricity $420$5,043
Total$8,916$106,992
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$305,691/yr
40% on housing$267,480/yr
45% on housing$237,760/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$709This listing

vs Other Active Listings

Avg $/sqft

ZIP 93401$852
San Luis Obispo County$559

vs Homes Sold Last Month

Median $/sqft

ZIP 93401$660
San Luis Obispo County$522

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-05Price change$1,390,000
2026-04-10Price change$1,449,900
2026-03-20Listed for sale$1,499,000
2024-02-26Listing removed--
2024-02-06Listed for rent$3,800
2012-05-08Sold$700,000
2008-08-04Sold$485,000
2006-01-20Sold$575,000

For Sale by Agent

AgentPaul Buschur
BrokerageBuschur Realty

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