655 Monterey, San Luis Obispo, CA 93401 - Photo 1 of 5, San Luis Obispo, CA
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$7,700,000

655 Monterey, San Luis Obispo, CA 93401

0Beds
0
95Days Listed
1Lot Sq Ft

Listed by Steve Davis, McCarty Davis, Inc. | 805-704-5727 | MLS# SC26005937

About This Property

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 citys 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.

Property Details

Property Type
Land
Bedrooms
0
Bathrooms
0
Building Area
0 Sqft
Living Area
0 sqft
Year Built
0
Status
Active
Days on Market
95
Cumulative Days on Market
1
Original Price
$7,700,000
MLS Number
SC26005937

Location & Neighborhood

What's nearby 655 Monterey, San Luis Obispo, CA 93401

Lifestyle Summary

** Living in this neighborhood provides a harmonious blend of comfort, convenience, and community spirit. Residents enjoy the ease of access to schools, parks, and an array of dining options, all contributing to a fulfilling lifestyle. With a welcoming atmosphere, excellent transit options, and a vibrant local scene, this area truly embodies the best of San Luis Obispo living.

🏘️Neighborhood Vibe

** Nestled in the heart of San Luis Obispo, this neighborhood exudes a vibrant yet relaxed atmosphere, where historic charm meets modern convenience. The friendly community is characterized by its welcoming streets, local shops, and a strong sense of pride among residents, making it an ideal place to call home. **COMMUTER_SUMMARY:** With multiple bus stops just a short walk away, including Nipomo at Higuera and Marsh at Broad, commuting in and around San Luis Obispo is a breeze. Whether you’re heading to work or exploring the wider region, you’ll appreciate the ease of access to public transit options that connect you to key destinations without the hassle of driving. **FAMILY_SUMMARY:** Families will find this neighborhood particularly appealing due to its proximity to reputable schools like Mission College Prep High School and Old Mission School, both within walking distance. Additionally, the area offers a variety of family-friendly activities and parks, making it a nurturing environment for children to grow and thrive. **DINING_ENTERTAINMENT:** Food lovers will relish the diverse dining options available nearby. From the smoky flavors of Old San Luis BBQ Co to the cozy ambiance of Linnaea’s Cafe, there’s something for every palate. With a range of casual eateries like Burger Village and unique spots like UBATUBA for acai bowls, residents enjoy a culinary adventure right at their doorstep. **OUTDOOR_RECREATION:** Nature enthusiasts will appreciate the easy access to nearby parks and recreational spaces, including the picturesque San Luis Obispo Creek Walkway just 46 meters away. For a leisurely stroll or picnic, Mission Plaza and Emerson Park offer serene green spaces to unwind. The abundance of outdoor options encourages an active lifestyle, perfect for families and individuals alike. **OVERALL_LIFESTYLE:** Living in this neighborhood provides a harmonious blend of comfort, convenience, and community spirit. Residents enjoy the ease of access to schools, parks, and an array of dining options, all contributing to a fulfilling lifestyle. With a welcoming atmosphere, excellent transit options, and a vibrant local scene, this area truly embodies the best of San Luis Obispo living.

🚗Commuting

** With multiple bus stops just a short walk away, including Nipomo at Higuera and Marsh at Broad, commuting in and around San Luis Obispo is a breeze. Whether you’re heading to work or exploring the wider region, you’ll appreciate the ease of access to public transit options that connect you to key destinations without the hassle of driving. **FAMILY_SUMMARY:** Families will find this neighborhood particularly appealing due to its proximity to reputable schools like Mission College Prep High School and Old Mission School, both within walking distance. Additionally, the area offers a variety of family-friendly activities and parks, making it a nurturing environment for children to grow and thrive. **DINING_ENTERTAINMENT:** Food lovers will relish the diverse dining options available nearby. From the smoky flavors of Old San Luis BBQ Co to the cozy ambiance of Linnaea’s Cafe, there’s something for every palate. With a range of casual eateries like Burger Village and unique spots like UBATUBA for acai bowls, residents enjoy a culinary adventure right at their doorstep. **OUTDOOR_RECREATION:** Nature enthusiasts will appreciate the easy access to nearby parks and recreational spaces, including the picturesque San Luis Obispo Creek Walkway just 46 meters away. For a leisurely stroll or picnic, Mission Plaza and Emerson Park offer serene green spaces to unwind. The abundance of outdoor options encourages an active lifestyle, perfect for families and individuals alike. **OVERALL_LIFESTYLE:** Living in this neighborhood provides a harmonious blend of comfort, convenience, and community spirit. Residents enjoy the ease of access to schools, parks, and an array of dining options, all contributing to a fulfilling lifestyle. With a welcoming atmosphere, excellent transit options, and a vibrant local scene, this area truly embodies the best of San Luis Obispo living.

👨‍👩‍👧‍👦Family Living

** Families will find this neighborhood particularly appealing due to its proximity to reputable schools like Mission College Prep High School and Old Mission School, both within walking distance. Additionally, the area offers a variety of family-friendly activities and parks, making it a nurturing environment for children to grow and thrive. **DINING_ENTERTAINMENT:** Food lovers will relish the diverse dining options available nearby. From the smoky flavors of Old San Luis BBQ Co to the cozy ambiance of Linnaea’s Cafe, there’s something for every palate. With a range of casual eateries like Burger Village and unique spots like UBATUBA for acai bowls, residents enjoy a culinary adventure right at their doorstep. **OUTDOOR_RECREATION:** Nature enthusiasts will appreciate the easy access to nearby parks and recreational spaces, including the picturesque San Luis Obispo Creek Walkway just 46 meters away. For a leisurely stroll or picnic, Mission Plaza and Emerson Park offer serene green spaces to unwind. The abundance of outdoor options encourages an active lifestyle, perfect for families and individuals alike. **OVERALL_LIFESTYLE:** Living in this neighborhood provides a harmonious blend of comfort, convenience, and community spirit. Residents enjoy the ease of access to schools, parks, and an array of dining options, all contributing to a fulfilling lifestyle. With a welcoming atmosphere, excellent transit options, and a vibrant local scene, this area truly embodies the best of San Luis Obispo living.

🍽️Dining & Entertainment

** Food lovers will relish the diverse dining options available nearby. From the smoky flavors of Old San Luis BBQ Co to the cozy ambiance of Linnaea’s Cafe, there’s something for every palate. With a range of casual eateries like Burger Village and unique spots like UBATUBA for acai bowls, residents enjoy a culinary adventure right at their doorstep. **OUTDOOR_RECREATION:** Nature enthusiasts will appreciate the easy access to nearby parks and recreational spaces, including the picturesque San Luis Obispo Creek Walkway just 46 meters away. For a leisurely stroll or picnic, Mission Plaza and Emerson Park offer serene green spaces to unwind. The abundance of outdoor options encourages an active lifestyle, perfect for families and individuals alike. **OVERALL_LIFESTYLE:** Living in this neighborhood provides a harmonious blend of comfort, convenience, and community spirit. Residents enjoy the ease of access to schools, parks, and an array of dining options, all contributing to a fulfilling lifestyle. With a welcoming atmosphere, excellent transit options, and a vibrant local scene, this area truly embodies the best of San Luis Obispo living.

🌳Outdoor Recreation

** Nature enthusiasts will appreciate the easy access to nearby parks and recreational spaces, including the picturesque San Luis Obispo Creek Walkway just 46 meters away. For a leisurely stroll or picnic, Mission Plaza and Emerson Park offer serene green spaces to unwind. The abundance of outdoor options encourages an active lifestyle, perfect for families and individuals alike. **OVERALL_LIFESTYLE:** Living in this neighborhood provides a harmonious blend of comfort, convenience, and community spirit. Residents enjoy the ease of access to schools, parks, and an array of dining options, all contributing to a fulfilling lifestyle. With a welcoming atmosphere, excellent transit options, and a vibrant local scene, this area truly embodies the best of San Luis Obispo living.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

Coffee & Cafes

POI data updated 1/31/2026

San Luis Obispo Market Snapshot

132

Active Listings

$937K

Median Price

105

Avg Days on Market

Last updated: Jan 10, 2026

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$7,700,000