321 Tolosa Way
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This is the beautifully updated, single-level, three-bedroom home with detached office/workspace that you’ve been waiting for! Located in the established neighborhood near Bishop's Peak, this newly renovated property offers 1,652sf of living space on a 7,333sf lot. The open floor plan includes three spacious bedrooms, two remodeled bathrooms, a welcoming living room, dining area, and a family room featuring a wood-burning fireplace with brick surround, wood-beamed ceiling, built-in cabinetry, and direct access to the backyard.
Picture windows, multiple skylights, and newer dual-pane windows fill the home with light, while laminate flooring extends through much of the interior. The updated kitchen features soapstone countertops, tile accents, and refinished mahogany cabinetry. Both bathrooms have been beautifully remodeled, with marble flooring in the three-quarter bath and tile flooring in the full bath.
The primary bedroom includes a glass door opening directly to the rear yard. Extensive improvements include an owned solar system with battery storage, upgraded electrical panel, Tesla/EV charger, air conditioning and heating, PEX plumbing, newer water heater, newer composition shingle roof, updated lighting, appliances, windows, flooring, and fixtures. Outdoor spaces include a brick front patio, two newer decks, wood perimeter fencing, mature landscaping, and a backyard featuring lemon, orange, and Fuyu persimmon trees.
The upper backyard showcases views of Bishop Peak, while a detached shed/workspace with double glass-door entry provides flexible space for an office, studio, gym, or hobbies. Additional improvements include newer gutters and a French drain system, plus an attached single-car garage. Ideally located near some of San Luis Obispo’s best hiking trails, with downtown, shopping, dining, and everyday amenities just minutes away, this property offers a rare combination of extensive upgrades, indoor-outdoor living, flexible workspace, and an exceptional SLO location.
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Local & Market Information
Property & Market Context
This 3-bedroom, 2-bath San Luis Obispo single-family home offers 1,652 sq ft of living area on a 7,333 sq ft lot.
For context, its sold price of $1,350,000 is about 8% above the 2026 year-to-date through October 9, 2026 median closed single-family home price of $1,249,500 in San Luis Obispo.
Built in 1951, the home is approximately 75 years old, compared with a median home age of 38 years for closed single-family homes in San Luis Obispo during the same period.
Local Market Tidbit
Through October 9, 2026, 42% of closed single-family homes in San Luis Obispo were single-story, ranking San Luis Obispo 11th among 14 SLO County communities.
The information in this section is independently compiled or calculated by SLO County Homes and is not provided by the listing broker or CRMLS. Market comparisons use saved SLO County Homes statistics for the period shown and are for general informational purposes only.
IDX Information
Based on information from CRMLS as of October 2, 2026 at 4:14 PM PDT.
The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information is deemed reliable but is not guaranteed and should be independently reviewed and verified for accuracy. Property information is supplied by the listing broker and/or other sources and may be subject to errors, omissions, or changes without notice.
Properties displayed on this website may be listed by a real estate brokerage other than SLO County Homes.