November 23, 2021

SLO’s San Luis Ranch is taking shape. Get a look at the homes and see how much they cost.

Homeowners are starting to move into San Luis Ranch, a new mixed-use development in San Luis Obispo County.
The housing project, which broke ground in 2020, is taking shape on a 131-acre site on Madonna Road, bordered by Highway 101 and Dalidio Drive. Several single-family houses and attached-wall housing units are now visible from the nearby roadway.

Although builders have approval to construct 577 homes, fewer than 100 have been built so far. They will be sold in phases as buyers pre-qualify and work with project sales teams to line up their new digs.

Home costs are expected to range from the high $300,000s or low $400,000s for the smallest units to the $900,000s for the largest homes. That’s higher than initial estimates a few years ago, which put prices at the $300,000s to $600,000s.

At the peak of the current price scale are three- and four-bedroom single-family residences with high-end finishes, some in prime locations with views of surrounding hills, said Josh Bivin, a representative of Merced, a Minnesota-based real estate firm that is financing large portions of San Luis Ranch.  A total of 68 homes are designated as affordable housing units with cost restrictions under the city’s inclusionary housing.

See the homes at the San Luis Ranch website.

by Nick Wilson - San Luis Obispo Tribune