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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the San Luis Obispo metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. Orcutt (San Luis Obispo, CA)

1053 Tiburon Way, San Luis Obispo, CA 93401
- List price: $844,888
- Beds: 3 | Baths: 2.5 | Square feet: 1,619
- See 1053 Tiburon Way, San Luis Obispo, CA 93401 on

1057 Tiburon Way, San Luis Obispo, CA 93401
- List price: $839,900
- Beds: 3 | Baths: 2.5 | Square feet: 1,651
- See 1057 Tiburon Way, San Luis Obispo, CA 93401 on

3662 Rock Garden Ln, San Luis Obispo, CA 93401
- List price: $1,135,000
- Beds: 3 | Baths: 2.5 | Square feet: 1,887
- See 3662 Rock Garden Ln, San Luis Obispo, CA 93401 on

4008 Hillside Dr, San Luis Obispo, CA 93401
- List price: $1,795,000
- Beds: 4 | Baths: 3.25 | Square feet: 2,584
- See 4008 Hillside Dr, San Luis Obispo, CA 93401 on

#2. Highland (San Luis Obispo, CA)

133 N Tassajara Dr, San Luis Obispo, CA 93405
- List price: $1,150,000
- Beds: 3 | Baths: 3 | Square feet: 1,694
- See 133 N Tassajara Dr, San Luis Obispo, CA 93405 on

150 Los Robles Ct, San Luis Obispo, CA 93405
- List price: $4,295,000
- Beds: 6 | Baths: 5.5 | Square feet: 7,378
- See 150 Los Robles Ct, San Luis Obispo, CA 93405 on

#3. Cypress Ridge (Callender, CA)

2275 Plover Ct, Arroyo Grande, CA 93420
- List price: $1,347,777
- Beds: 4 | Baths: 3 | Square feet: 2,796
- See 2275 Plover Ct, Arroyo Grande, CA 93420 on

2303 Sanderling Ct, Arroyo Grande, CA 93420
- List price: $1,299,000
- Beds: 3 | Baths: 3.5 | Square feet: 2,955
- See 2303 Sanderling Ct, Arroyo Grande, CA 93420 on

740 Avocet Way, Arroyo Grande, CA 93420
- List price: $1,265,000
- Beds: 3 | Baths: 4 | Square feet: 2,644
- See 740 Avocet Way, Arroyo Grande, CA 93420 on

824 Jacana Ct, Arroyo Grande, CA 93420
- List price: $1,395,000
- Beds: 4 | Baths: 2.5 | Square feet: 2,771
- See 824 Jacana Ct, Arroyo Grande, CA 93420 on

#4. Stoneridge (San Luis Obispo, CA)

3059 Rockview Pl, San Luis Obispo, CA 93401
- List price: $950,000
- Beds: 3 | Baths: 2.25 | Square feet: 1,598
- See 3059 Rockview Pl, San Luis Obispo, CA 93401 on

3335 Broad St, San Luis Obispo, CA 93401
- List price: $600,000
- Beds: 2 | Baths: 1.5 | Square feet: 1,190
- See 3335 Broad St, San Luis Obispo, CA 93401 on

#5. Old Town Historic District (San Luis Obispo, CA)

1263 Pismo St, San Luis Obispo, CA 93401
- List price: $1,599,000
- Beds: 5 | Baths: 4 | Square feet: 2,550
- See 1263 Pismo St, San Luis Obispo, CA 93401 on

1405 Beach St, San Luis Obispo, CA 93401
- List price: $1,488,000
- Beds: 3 | Baths: 3 | Square feet: 1,672
- See 1405 Beach St, San Luis Obispo, CA 93401 on

717 Islay St, San Luis Obispo, CA 93401
- List price: $849,000
- Beds: 3 | Baths: 3 | Square feet: 1,525
- See 717 Islay St, San Luis Obispo, CA 93401 on

880 Buchon St, San Luis Obispo, CA 93401
- List price: $1,475,000
- Beds: 2 | Baths: 2 | Square feet: 1,174
- See 880 Buchon St, San Luis Obispo, CA 93401 on