This charming hilltop Arroyo Grande property, set on nearly half an acre, offers space and timeless appeal. Built in 1949, this unique property features a welcoming interior and presents a rare opportunity for creative vision and improvement. Featuring 3 bedrooms and 3 baths in the main home, you'll enjoy ample living and dining areas, an indoor mudroom/dedicated laundry room, and a large basement currently used as a family room with its own access to the front yard - offering flexibility for a variety of uses. Classic architectural details and original built-ins contribute to the home's enduring character. Above the attached 2-car garage is a structurally permitted space built in 1985 with a private entrance and beautiful views. The area includes a kitchen, spacious living area, bedroom, and bathroom and offers flexible use potential. Buyer to verify all permits and allowed uses with the city. The expansive grounds feature mature fruit trees and ample outdoor space, creating a peaceful setting with room for gardening, recreation, or future possibilities. The elevated location provides a pleasant vantage point while maintaining proximity to Highway 101 and the charming historic Village of Arroyo Grande. While the home and lot would benefit from updates and improvements, this presents an excellent opportunity to enhance the residence and unlock additional value to a unique property. Opportunities like this are increasingly rare in today's market - schedule your private showing today! (PROPERTY SHOWN BY APPOINTMENT ONLY - ACCESS PERMITTED WITH LICENSED AGENT AND CONFIRMED SHOWING ONLY.)