
Morro Bay, California 93442
This property presents a High-Potential Investment Opportunity with a List Price of $1,125,000—positioned well above the $963,200 Fair Market Value by 16%. While the property requires significant capital expenditure due to its Condition Rating of 5, the street-to-street lot and coastal location in the Beach Tract provide a solid foundation for value-add renovations. The single-story layout and peek-a-boo ocean views offer long-term appeal. This is a strategic acquisition for Buy-and-Hold Investors or Contractors focused on coastal equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 160 Terra Street Subject | $1,125,000* List Price | 3 | 2 | 1,636 | $589 | - |
A 2581 Juniper Sold | $865,000 | 3 | 2 | 1,464 | $591 | 0.6 mi |
B 2990 Fir Sold | $955,000 | 3 | 3 | 1,662 | $575 | 0.3 mi |
C 489 Sunset Court Sold | $1,175,000 | 2 | 2 | 1,986 | $592 | 0.9 mi |
D 182 Luzon Active | $1,248,000 List Price | 3 | 2 | 1,489 | $838 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1967 and described as 'mostly original,' this 59-year-old home exceeds the 30-50 year threshold for major rehab. The kitchen and bathrooms feature original cabinetry, tile, and flooring that are significantly dated, and while the windows have been replaced, the overall interior requires a full renovation to address aging systems and finishes.
Situated in the highly desirable Beach Tract, the property is within walking distance to Morro Strand State Beach and the Embarcadero, offering an ideal coastal lifestyle.
The rare street-to-street lot features gated backyard access, providing enhanced privacy and flexible options for vehicle storage or future landscaping.
The classic single-level floor plan offers long-term functional appeal and ease of movement, a highly sought-after feature in the Morro Bay market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6195, other record lot size in square feet = 6520.
With a largely original 1967 interior, the home requires significant updates and repairs to meet modern aesthetic and functional standards.
The property offers only 'peek-a-boo' views, which may be a drawback for buyers expecting more expansive ocean or Morro Rock vistas at this price point.
Charming 3-Bedroom Coastal Home in Morro Bay’s Sought-After Beach Tract Welcome to 160 Terra Street, a classic single-level home in Morro Bay’s desirable Beach Tract—just a short stroll from the sand, Morro Strand State Beach, and iconic views of Morro Rock. This 3-bedroom, 2-bath residence offers the quintessential Central Coast lifestyle with easy access to the Embarcadero’s restaurants, shops, and waterfront, plus nearby parks, trails, and the protected Morro Bay estuary. The home sits on a unique street-to-street lot with gated access to the backyard, providing privacy and flexibility. Inside you’ll find a largely original layout that includes a skylight in the dining area for natural light and a private bathroom in the primary bedroom. Windows have been replaced, while the rest of the home remains mostly original—offering a solid foundation for updates and personalization. This property needs a little work, making it an excellent opportunity for buyers looking to customize a coastal home and build equity in one of Morro Bay’s most convenient beach-close neighborhoods. Single-story living is the long-term character of the Beach Tract, helping preserve the open feel and ocean proximity that define this area. Enjoy mild year-round weather, morning beach strolls, sunsets over the Pacific, and the relaxed pace of Central Coast living. Whether as a primary residence, vacation home, or renovation project with strong long-term potential, 160 Terra Street delivers location, lifestyle, and opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,636 | 1,586 |
| Lot Size | 6,195 | 4,168.955 |
| Price | $1.12M | $1.03M |
| Price per sq ft | $688 | $618 |
| Built year | 1967 | 1983 |
| HOA | $0 | $135 |
| Days on market | 9 | 57 |
Aug 31, 2026
$1,125,000
Initial Listing
Jan 12, 1999
$15,000
Public Record