Just steps from the shopping and restaurants of the Village of Arroyo Grande, this inviting two-bedroom, one-bathroom home features an expansive backyard with a detached carriage house with a flex room, half bathroom, and laundry room. This incredible property has exciting development potential with approved plans for a detached 2-car garage and an ADU along with a 2nd story addition to the existing home, as desired. Originally constructed in the 1940s and recently updated, this incredible home offers hardwood flooring and abundant natural light throughout. Enjoy expansive picture windows, a statement fireplace, and dining area along with an adorable kitchen with beautiful slab countertops, glass subway tile backsplash, and countertop seating for two. Appliances include Northstar retro turquoise gas range and refrigerator/freezer, plus a Bosch dishwasher. A Dutch door offers access to the backyard while an arched entry to the hallway offers built-in storage. The full bathroom features tile flooring and a floating vanity with glass sink bowl plus a luxe bathtub with tile surround. Both bedrooms offer attractive wood flooring, ceiling fans with lighting, and closets with built-in wardrobe bars and shelving for clear organization. Outdoors, the backyard includes a spacious brick patio for easy entertaining, mature palm trees, fruit trees, agave plants, and a storage shed. Beyond the ideal location and generous amenities, the oversized lot even includes wiring for an EV charger. A huge bonus are the fully approved expansion plans architecturally designed by Andrew Goodwin Designs with interior design by Honeycomb Home Design. You don't want to miss this opportunity to make this adorable home on a large lot in the Village of Arroyo Grande your own.