tomo logo

$2,575,000

Beds
5
Baths
5.5
sq ft
4,391

2840 Kip Ln, Arroyo Grande, CA 93420

2840 Kip Ln

Arroyo Grande, CA 93420

  • Pending
    • Price drop $75,000↓
Welcome to your private gated Mediterranean sanctuary, where luxury meets tranquility on this exclusive 2.5-acre estate featuring two homes. Nestled at the end of a secluded road, this exceptional property offers panoramic views of the ocean, dunes and sparkling skyline with owls and hawks. Approaching the estate, you are greeted by a meticulously landscaped garden in the roundabout, adorned with an artistic hand-laid stone path that guides you through the vibrant blooms. The main home entrance features grand double wrought iron doors, hinting at the elegance and craftsmanship found within. Inside, the main residence exudes warmth and sophistication with gleaming Koa wood floors that lead you through spacious living areas filled with natural light from the expansive wall of windows. The kitchen is equipped with newer appliances, prep sink, granite countertops, walk in pantry and a center island, ideal for culinary enthusiasts and entertainers alike.The master suite is a haven of luxury with a see through fireplace offering serene vistas and a spa-like bathroom retreat. Enter the office/media room through an artfully carved wood door from Turkey. This room provides a tranquil space to unwind or work at the built-in desk. This space is flexible and could be used as an additional guest room. Downstairs, discover a self-contained living space with its own entrance. A roomy bedroom, full bath, and living room complete with wine cellar and kitchenette offers flexibility for guests or extended family. Each room enjoys spectacular views, blurring the lines between indoor comfort and outdoor splendor. A highlight of this property is the charming 2-bedroom, 2-bath guest house, providing comfortable accommodations with its own kitchen, living area, private patio, garden and two car garage with laundry hookups. Outdoors, multiple patios and terraces provide inviting spaces for outdoor living and entertaining. An outdoor kitchen enhances the experience, allowing for seamless alfresco dining while enjoying the coastal breeze and stunning sunsets. The expansive grounds offer endless opportunities, making it a haven for outdoor enthusiasts and entertainers alike. This Mediterranean masterpiece combines privacy, luxury, and unparalleled views, offering a rare opportunity to own a secluded retreat in a coveted location. Whether you seek a tranquil oasis or an entertainer's paradise, this estate promises the lifestyle of your dreams on the California coast.

Details

Property type

Single Family Residence

Est. home value

$2,173,330

Lot size

2.5 acres

Price per sq ft

$587

Year built

1991

HOA

No

Price History

11/02/2024
CRMLS

CRMLS #SC24121517

Pending
$2,575,000
10/04/2024
CRMLS

CRMLS #SC24121517

Price change
$2,575,000
-2.83%
06/27/2024
CRMLS

CRMLS #SC24121517

Listed
$2,650,000
+10.42%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Arroyo Grande

High school district: 

Lucia Mar Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

U S Financial Mtg Corp

Loan start date

December 2002

Original loan amount

$101,000

Est. remaining balance

Not provided

Interest rate

6.13%

Loan type

Credit Line (Revolving)

Seller

Douglas A Koel and Gloria C Mcgehee Koel

Lender

U S Financial Mtg Corp

Loan start date

December 2002

Original loan amount

$272,800

Est. remaining balance

$0

Interest rate

5.51%

Loan type

Not Provided, 16 year

Seller

Douglas A Koel and Gloria C Mcgehee Koel

Lender

Bank Of America

Loan start date

February 2000

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

8.15%

Loan type

Credit Line (Revolving)

Seller

Douglas A Koel and Gloria C Mcgehee Koel

Lender

Western Sunrise

Loan start date

October 1998

Original loan amount

$227,000

Est. remaining balance

$0

Interest rate

6.43%

Loan type

Not Provided, 15 year

Seller

Douglas A Koel and Gloria C Mcgehee Koel

Lender

Greater Suburban Mtg Grp

Loan start date

June 1995

Original loan amount

$240,000

Est. remaining balance

$14,001

Interest rate

8.26%

Loan type

Not Provided, 30 year

Seller

Douglas A Koel and Gloria C Mcgehee Koel

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 11/03/2024 at 4:55 AM

Listing updated: 11/01/2024 at 7:30 PM

Listed by: Alice Frawley Bicksler, Navigators Real Estate Phone #: (805) 591-9931

MLS: CRMLS #SC24121517

CRMLS logo

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