Arroyo Grande Homes Under $1M – Which One Fits Your Needs?

If you're house hunting in Arroyo Grande with a budget under $1 million, you've got three very different—but strong—options on the market this week. Each one appeals to a different type of buyer, depending on what you're looking for: space, charm, land, or the ability to customize. Here’s a breakdown of each listing and who it best fits.

515 Woodland Dr — $879,000

4 bed / 2 bath | 1,717 sqft | 10,254 sqft lot

This single-level, move-in ready home is on a quiet street near the Village. You’ve got a clean interior with updated wood floors, a full stainless steel kitchen, indoor laundry, A/C, and a two-car garage. The backyard opens to hillside views with a finished patio and low-maintenance landscaping.

Good Fit For:

• Move-up buyers who need more room for kids, guests, or a home office.
• Retirees or downsizers who want a single-story layout with minimal upkeep.
• Buyers using FHA/VA loans who want something turnkey and easy to finance.
• Anyone wanting peace and privacy but still close to shops and restaurants.

Buyer Watch-Out: This home is in a flood zone and carries an annual insurance cost of about $929 (based on seller’s policy).

715 Bennett Ave — $795,000

2 bed / 1 bath | 904 sqft | 7,500 sqft lot

Charming and compact, this 1950s beach cottage has been updated with new appliances, hard flooring, dual-pane windows, and stucco exterior. The big upside? It’s on a decent-sized lot with enough space to add an ADU or expand the footprint.

Good Fit For:

• First-time buyers looking for affordability in a high-demand location.
• Empty nesters who want something easy to manage with a little character.
• Investors or future Airbnb hosts (verify local short-term rental rules).
• Buyers who want options—like adding a rental unit, garden space, or RV parking.

Buyer Watch-Out: One bathroom may limit future resale flexibility.

2661 Southview Ave — $985,000

3 bed / 2 bath | 1,698 sqft | 1.1 acres

This 1970s ranch sits on just over an acre, tucked away on a quiet dead-end road. You get dual fireplaces, a spacious shop area, and room for animals or projects. It’s clean and livable now but could use some cosmetic updating.

Good Fit For:

• Rural buyers or hobbyists who want elbow room and no HOA.
• Buyers with animals—horses, goats, chickens, you name it.
• Anyone needing workshop space or garage space (4-car garage included).
• Buyers who want to customize a home over time but need it livable now.

Buyer Watch-Out: No A/C and older finishes may require upfront investment.

Final Take: Who Gets What?

• Want to upgrade from your starter home? Woodland checks the boxes.
• Need something small, stylish, and expandable? Bennett fits that lane.
• Looking for land and long-term potential? Southview is your best bet.

If any of these sound like your next move, let’s talk about showings, comps, and how to make a strong offer.