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Rare Arroyo Grande Mesa ranchette offering space, usability, and flexibility on just over 2 flat, fully gated acres. One of the property's most unique features is its exceptionally rare access from two separate streets, creating maximum flexibility for future development, additional access points, equipment, animals, or other potential uses. Set on one of the most functional lots in the development, this approximately 1,729 sq. ft. single-level home features a wide-open floor plan, three bedrooms, two full bathrooms, and a rural-residential setting ideal for buyers seeking room to spread out. The spacious primary suite includes its own walk-in shower and upgraded vanity, while the two additional bedrooms share a full bathroom. The open living, dining, and kitchen areas create an easy flow for everyday living, entertaining, and enjoying the indoor-outdoor lifestyle that makes the Mesa so desirable. Outside, the property is where the opportunity truly stands out. The flat, usable land is well-suited for equestrian use, animals, gardens, equipment, storage, or future improvements. With road access from two different streets, the property offers an unusual level of versatility when considering future improvements or how the acreage could ultimately be utilized. An existing horse corral, private well, and approximately 4,000 gallons of water storage provide a strong foundation for a more self-sufficient Central Coast lifestyle. With this much usable acreage, there may also be potential for a workshop, expanded garden area, hobby farm setup, additional storage, or an ADU, subject to buyer investigation and applicable County approvals. Located in a desirable Arroyo Grande Mesa setting with convenient access to the Village, beaches, shopping, dining, wineries, and the Five Cities area, 688 Ralcoa Way offers a rare combination of single-level living, usable acreage, dual-street access, and long-term flexibility. Flat, functional land with this type of access in this location is hard to replace.
Listing agent: Ryan Benson DRE #01949307 ryanbensonrealtor@gmail.com, Listing office: Peak Properties
MLS data updated 10/16/2026, 9:38:53 PM PT
Source: CRMLS, MLS #: SC26103356
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 15, 2026
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This home · nearest recorded event
$1,075,000Asking price recorded · Oct 15, 2026ZIP 93420 · Oct 2026
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