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935 Madonna Rd #303, San Luis Obispo, CA, 93405

3beds
2baths
1,100sqft
$699,000
$635price/sqft
$4,719/moest. monthly cost
$188,760/yrincome needed

About This Home

Welcome to this beautifully located condo in the heart of San Luis Obispo’s highly desirable Laguna Lake neighborhood. Situated at 935 Madonna Road, Unit #303, this inviting home offers the perfect blend of comfort, convenience, and Central Coast lifestyle. Step inside to find a bright and airy living space filled with natural light, complemented by an open floor plan that seamlessly connects the living, dining, and kitchen areas—ideal for both relaxing and entertaining. Enjoy your morning coffee or evening unwind on your private balcony, where you can take in serene views of the surrounding hills. The community offers well-maintained grounds and amenities designed for easy living, making it a great option for full-time residents, second-home buyers, or investors. Located just minutes from Laguna Lake Park, outdoor enthusiasts will appreciate nearby walking trails, open space, and scenic lake views. Golf lovers will enjoy quick access to Laguna Lake Golf Course, while shoppers and foodies will love being close to Madonna Plaza Shopping Center, featuring popular retailers, dining, and everyday conveniences. Commuters and students alike benefit from easy access to California Polytechnic State University and nearby Highway 101, connecting you to downtown San Luis Obispo, local beaches, and the best of the Central Coast. Whether you're looking for a peaceful retreat or a centrally located home base, this condo offers an exceptional opportunity to enjoy all that San Luis Obispo has to offer.

Getting Around

63
WalkingSomewhat Walkable
30
TransitSome Transit
63
BikeBikeable

Schools

9/10
Laguna Middle SchoolGrades 7-80.8 mi
10/10

Construction

Condition

  • Year built: 2024

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Laundry features: Laundry Closet

Bedroom

  • Features: All Bedrooms Up

Bedrooms & Bathrooms

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

Cooling

  • Cooling features: Electric

Features

  • All Bedrooms Up
  • Fireplace features: None
  • Common walls with other units/homes: 2+ Common Walls,No One Above

Interior Area

  • Total interior livable area: 1,100 sqft

Property

Details

  • Parcel number: 053601027
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 3rd floor
  • Pool features: Association
  • Has view: Yes
  • View description: Hills

Lot

  • Lot size: 1,100 sqft

Parking

  • Parking features: Assigned,Guest

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

  • Inland Flooding
    Inland FloodingVery High
  • Earthquake
    EarthquakeModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Wildfire

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 $3,534$42,408
Home Insurance *$102$1,224
Property Taxes $685$8,220
Electricity $398$4,786
Total$4,719$56,628
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$161,794/yr
40% on housing$141,570/yr
45% on housing$125,840/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

$635This listing

vs Other Active Listings

Avg $/sqft

ZIP 93405$607
San Luis Obispo County$560

vs Homes Sold Last Month

Median $/sqft

ZIP 93405$632
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)

Price History

DateEventPrice
2026-04-19Listed for sale$739,900
2024-01-29Sold$633,500

For Sale by Agent

AgentJack Hernandez
BrokerageLPT Realty, Inc.

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