508 Mesa View Dr, Arroyo Grande, CA, 93420
About This Home
Welcome to 508 Mesa View, an exceptional coastal estate offering panoramic ocean views, expansive living spaces, and unmatched versatility on 1 acres in the heart of Arroyo Grande. This property features a stunning 3,960 sq ft main residence with 4 bedrooms and 3 bathrooms, designed for comfort, entertaining, and enjoying the serene coastal landscape. Large windows capture sweeping views and natural light throughout the home, while spacious living areas create an inviting atmosphere for gatherings. In addition, the estate includes a separate 1,100 sq ft apartment with 2 bedrooms, 1 bathroom and laundry room perfect for multigenerational living, guests, or rental income. Car enthusiasts and hobbyists will love the oversized garage, complete with its own bathroom, offering an ideal space for storage, workshop use, or additional flex space. A rare opportunity to own a spacious ocean-view estate with exceptional value. Schedule your private showing today! -Some photos have been virtually staged.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1991
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher
- Laundry features: Laundry Chute,Inside,Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 2
- Main level bedrooms: 2
Cooling
- Cooling features: Whole House Fan
Family Room
- Features: Separate Family Room
Features
- Balcony,Ceiling Fan(s)
- Flooring: Carpet,Laminate,Tile
- Fireplace features: Family Room,Great Room,Primary Bedroom
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Interior Area
- Total interior livable area: 5,000 sqft
Property
Details
- Parcel number: 075191041
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Front door
- Pool features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Lot size: 1 Acres
- Features: 0-1 Unit/Acre
Parking
- Total spaces: 3
- Parking features: Door-Multi,Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
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
- Drought
- Inland Flooding
- Earthquake
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Luis Obispo County and California
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,119 | $133,428 |
| Home Insurance * | $326 | $3,912 |
| Property Taxes | $1,928 | $23,136 |
| Electricity | $1,072 | $12,866 |
| Total | $14,445 | $173,340 |
Income You'd Need if You Spent...
California FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $2,199,000 |
| 2026-04-07 | Listing removed | $1,649,000 |
| 2026-01-19 | Price change | $1,649,000 |
| 2025-12-01 | Price change | $1,699,000 |
| 2025-11-20 | Listed for sale | $2,299,000 |
| 2025-10-03 | Sold | $825,000 |
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