
Los Osos, California 93402
Rare Bayview Heights Estate with Panoramic Ocean & Bay Views Rarely does an opportunity like this come along in Los Osos. Nestled among majestic old-growth oak and manzanita trees, this private estate sits on over an acre in the sought-after Bayview Heights area, offering sweeping panoramic views of the Pacific Ocean, Estero Bay, Morro Bay, and the Los Osos Valley. The property features two custom-built homes, providing exceptional flexibility for extended family, guests, multi-generational living, or potential rental opportunities. The main residence offers approximately 2,700+ square feet, with 3 bedrooms, 3 bathrooms, a dedicated office, and an attached two-car garage. The second home offers approximately 1,700+ square feet, with 3 bedrooms, 2 bathrooms, and its own two-car garage. While the homes are ready for updating, this is an extraordinary opportunity to bring your vision and unlock the tremendous potential of this one-of-a-kind property. The expansive acreage, two substantial residences, mature trees, privacy, and spectacular coastal views create a setting that is exceptionally difficult to duplicate. Located in Bayview Heights, this elevated location often sits above the coastal fog, allowing you to enjoy more sunshine while taking in the ever-changing beauty of the Central Coast. Two homes. Over an acre. Panoramic ocean and bay views. Privacy. Potential. This is a rare Los Osos estate waiting for someone to make it truly extraordinary.
Property is extensive renovation needed.
Built in 1987 (37 years old) and appears to be in entirely original condition. The interior features dated 1980s finishes including pink bathroom fixtures, extensive wallpaper, and mauve carpeting. The listing explicitly states the homes are 'ready for updating,' which aligns with the criteria for a property over 30 years old requiring a full interior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52708, living area = 4496.
The property features two substantial custom-built homes totaling over 4,400 square feet, offering rare flexibility for multi-generational living, guest accommodations, or significant rental income potential.
Situated in the elevated Bayview Heights area, the estate provides breathtaking, unobstructed views of the Pacific Ocean, Morro Bay, and the Los Osos Valley, often sitting above the coastal fog line.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4496, other record living area = 2736. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
Both residences are noted as being ready for updating, suggesting that a buyer will need to budget for significant cosmetic or structural renovations to bring the 1987-built interiors to modern standards.
With a list price of $2.6 million and nearly 4,500 square feet of living space requiring updates, the total capital required to realize the property's full potential may be prohibitive for some buyers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 2.8 |
| Baths | 5.0 | 2.0 |
| Square foot | 4,496 | 1,493.5 |
| Lot Size | 52,708 | 6,331.944 |
| Price | $2.60M | $925.8K |
| Price per sq ft | $578 | $645 |
| Built year | 1987 | 1976 |
| HOA | $0 | $0 |
| Days on market | 44 | 43 |
Sep 10, 2026
$2,600,000
Initial Listing
May 30, 2001
$885,000
Public Record