New Homes in San Luis Obispo (Update)

San Luis Obispo New Construction Gets Revamped

Even during the real estate run up, there were few new housing developments in San Luis Obispo coming on the market. That’s just the way we are here. Now that the real estate market is again on the upswing (please God not like last time!) and builder confidence is good, there is a new development ready to be built in an area just south of town near the Damon Garcia Sports complex.

Serra Meadows. A Planned Neighborhood in San Luis Obispo

Serra Meadows is a planned neighborhood of about 177 homes, a park and walking paths, and will border some nice open space known as South Hills.

The planning and building got underway and while hiking the South Hills, for several months I watched the streets being carved and a couple of homes partially constructed to the siding and roof phase …. and…. then….it stopped. For a few months. Nothing. What is the deal? Well this morning  the paper reported that there has been a shift and Resmark has hired a new builder, Mangano Homes, who has done some nice homes over at Bowden Ranch near the High School.

Andy Mangano has also worked with RRM Design to tweak the floor plans to make them more open and to add solar to each of  the homes. Sounds like they are going to be even better than before. I do like the cottage style architecture and the neighborhood design with the walking paths and the front porches.

They should be ready early next year. Let me know if you would like more information.

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Meadow Park, A Beautiful San Luis Obispo Spot

Meadow Park, San Luis Obispo

Meadow Park is the largest city park in San Luis Obispo. With over 18 acres of lawn with trees and walking paths, playground toys, a little creek, this park is lovely. There is also a community garden, and playing fields.
King Court Condos and Exposition Condos border this park. These condos are about 1000 sq ft to 1200 sq ft and feature 2 bedrooms and 2 baths. Some with single car garages, and some with two car garages.

Right now they are running just under $300K. There is one for sale right now, but the owners want to retain the right to back out of the deal at any time!!!. That means they could pull the plug without recourse even if the buyer has paid for inspections and appraisal. The only King Ct Condo available, but I sure would not get into escrow with these sellers!
There are also single family homes nearby that back to the park  .
Living off Meadow Park in San Luis Obispo is like having a huge backyard that you don’t have to mow!

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San Luis Obispo New Construction, Moylan Terrace

New home construction is making a slow measured comeback to San Luis Obispo. We like it that way. San Luis Obispo government is pretty careful in approving new residential construction.

This new development, named Moylan Terrace consists of 80 townhomes of various sizes. There are six spacious floor plans with a choice of one, two or three bedrooms, ranging in size from 809 to 1,675 square feet.

Of the 80 units, about 19 of the units will be sold under San Luis Obispo’s Affordable Housing Program. Final numbers of affordable units will be forthcoming.

Here is a short video clip showing how close the development is to Sinsheimer Park and building progress)

Moylan Terrace is just a couple minutes’ drive time to San Luis Obispo’s famous downtown district with its wonderful shops, restaurants, and atmosphere. Sinsheimer Park and the Blues Baseball Stadium is right across the railroad tracks, a nice stroll from the development. Shopping, (Staples, Vons, and some great little restaurants, and Lemos, the pet supply store)  is nearby, as well as the bus stop.

The construction is top notch green too. In fact, Moylan Terrace construction is more energy efficient than the new Green building Code for California.

We do not have the prices yet. Call me if you would like more information on these new condos.

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