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 city’s 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.
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.
Current real estate data for Land in San Luis Obispo as of Mar 10, 2026
20
Land Listed
205
Avg DOM
$2,600,672
Avg List Price
Property Details
Price:
$7,700,000
MLS #:
SC26005937
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Jan 9, 2026
Lot Size:
26,308 sqft / 0.60 acres (approx)
Schools
Interior
Exterior
Community Features
SDW, STM, SL, URB, HIKI, BIKI
Financial
Map
Contact Us
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Community
- Address655 Monterey ST San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Subdivisions in San Luis Obispo
Property Summary
- Located in the San Luis Obispo(380) subdivision, 655 Monterey ST San Luis Obispo CA is a Land for sale in San Luis Obispo, CA, 93401. It is listed for $7,700,000 and features 1 acres.
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Courtesy of McCarty Davis, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 655 Monterey ST
San Luis Obispo, CA
