399 Mitchell, Los Osos, CA 93402
399 Mitchell, Los Osos, CA 93402
Property Description
Nestled on a quiet peninsula in the highly desirable Cuesta by the Sea neighborhood, 399 Mitchell Drive offers a rare opportunity to experience true bay-front living in Los Osos. This beautifully maintained 2-bedroom, 3-bath residence enjoys an exceptional waterfront setting where panoramic Back Bay views, abundant wildlife, and spectacular sunsets become part of everyday life. Completely remodeled down to the studs in 2023, the home blends timeless coastal style with modern craftsmanship and quality throughout. The extensive renovation included a stunning new kitchen with new cabinetry, quartz countertops, a breakfast bar, generous pantry space, and all-new appliances, along with beautifully redesigned bathrooms featuring contemporary finishes. The exterior was refreshed with new cedar siding in 2023. In 2025, the home received a new roof, along with new trim and fascia that were professionally replaced and painted, providing exceptional curb appeal and peace of mind for years to come. Designed to maximize natural light and the surrounding scenery, the open-concept floor plan features vaulted ceilings, luxury vinyl flooring, and seamless indoor-outdoor living. The spacious living and dining areas frame the spectacular bay views, creating an inviting space for everyday living and entertaining. Step outside onto the expansive low-maintenance hardwood deck that wraps around two sides of the home—an ideal setting for morning coffee, entertaining guests, or simply enjoying the peaceful coastal environment. Launch your kayak or paddleboard directly from your backyard and explore the estuary, where egrets, herons, seals, and otters are frequent visitors. Additional highlights include a finished one-car garage equipped with a Rivian Level 2 EV charger, professionally landscaped grounds with drip irrigation, and a serene cul-de-sac location just minutes from Montana de Oro State Park, Morro Bay, hiking and biking trails, and the shops and restaurants of downtown Los Osos. Whether you're seeking a full-time residence, weekend retreat, or coastal sanctuary, this one-of-a-kind waterfront property offers an extraordinary lifestyle where exceptional craftsmanship, modern updates, and California's Central Coast beauty come together.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Los Osos · Single Family Residence
Listed 106.5% above the median closed sale of $799,000. Price per sqft ($1,121) is a 87% premium to closed comps ($599). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 549 Los Osos Valley Road | Los Osos | 1972 | 3 | 2 | 1,425 | 5,500 | $448 | $639,000 | 4 | 62 |
| 1000 Santa Maria | Los Osos | 1972 | 2 | 2 | 1,200 | 6,250 | $549 | $659,000 | 5 | 54 |
| 590 Skyline Drive | Los Osos | 1982 | 3 | 2 | 1,470 | 8,450 | $667 | $980,000 | 40 | 54 |
| 1392 7th | Los Osos | 1959 | 3 | 2 | 1,250 | 6,250 | $656 | $820,000 | 79 | 51 |
| 1050 Pismo Ave | Los Osos | 1977 | 3 | 3 | 1,859 | 8,125 | $508 | $945,000 | 39 | 49 |
| Total: 5 · Average | 2.8 | 2.2 | 1,440.8 | 6,915 | $565.6 | $808,600 | 33.4 | |||
| Median | 1,425 | $820,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1416 16th | Los Osos | 1984 | 09/04/2026 | 2 | 2 | 1,545 | 3,125 | $799,000 | $799,000 | $517 | 1.00 | 35 | 77 |
| 309 Binscarth | Los Osos | 1977 | 10/02/2026 | 2 | 3 | 1,560 | 4,000 | $1.09M | $1.05M | $673 | 0.96 | 44 | 76 |
| 341 Binscarth | Los Osos | 1977 | 09/18/2026 | 2 | 2 | 1,659 | 4,000 | $990,000 | $995,000 | $600 | 1.00 | 27 | 73 |
| 325 Lilac Drive | Los Osos | 1971 | 09/30/2026 | 2 | 2 | 1,401 | 5,450 | $799,900 | $771,500 | $551 | 0.96 | 54 | 63 |
| 1884 10th | Los Osos | 1974 | 08/28/2026 | 2 | 2 | 1,064 | 4,687 | $689,000 | $695,000 | $653 | 1.01 | 25 | 63 |
| Total: 5 · Average | 2.0 | 2.2 | 1,445.8 | 4,252.4 | $862,100 | $862,100 | $598.8 | — | 37 | ||||
| Median | 1,545 | $799,000 | $799,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.