
Morro Bay, California 93442
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $869,000—positioned well below the $898,861 Fair Market Value by 3%. This valuation gap offers $29,861 in Instant Equity. Featuring a Condition Rating of 2, this home offers a premium lifestyle with 15-foot ceilings, Italian-inspired decor, and scenic valley views. Located in the San Luis Coastal Unified district, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, move-in ready coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1851 Ironwood Subject | $869,000* List Price | 2 | 2 | 1,410 | $660 | - |
A 1887 Ironwood Avenue Active | $1,095,000 List Price | 2 | 3 | 1,696 | $646 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2015, this property is under 10 years old and remains in mint condition. The kitchen and bathrooms feature modern finishes, stone countertops, and contemporary cabinetry. Systems are high-end and relatively new, including a tankless water heater and energy-efficient Milgard windows.
The property is offered fully furnished including high-end Italian decor, appliances, and recreational gear, allowing for immediate move-in or vacation use upon closing.
Built in 2015, this corner unit features 15-foot ceilings, clerestory windows, and energy-efficient construction, providing a bright, spacious, and contemporary living environment.
As a corner unit, the home offers enhanced privacy and features balconies with expansive views of the Morro Creek valley, orchards, and surrounding hillsides.
The current vacation rental license cannot be transferred to a new owner per city regulations, which may limit immediate income potential for investment-focused buyers.
Because the home is an active vacation rental, access for tours is limited, which could complicate the due diligence and viewing process for prospective purchasers.
Welcome to the beautifully designed, single level and fully furnished townhome in the charming, 14-unit Morro del Mar Village. Everything is included: furniture, fixtures, appliances,TVs, décor, all kitchen supplies, bedding, washer, dryer, bicycles, beach toys and more. You can start vacationing in Morro Bay the day you close escrow! This corner unit offers privacy, quality construction with all rooms on a single level (two-car garage is downstairs.) The property has been professionally decorated with style and grace and features many items purchased in Italy. The living and dining areas have a wonderful open feel with 15-feet ceilings and clerestory windows. More features to love: Fireplace, queen size sofa sleeper, tankless water heater, Milgard windows, skylights, sound-reducing and energy-efficient construction, central heating, custom railings, electric grill and guest parking. The balcony off the living room and primary bedroom have incredible views of the Morro Creek valley, orchards and surrounding hillsides. And yet, it is quick hop to the beach, the Embarcadero and Highway One. The patio off the second bedroom opens to the lush, Mediterranean-style courtyard with a fountain and fire-pit in the shared common area. Exterior repainted 2026. Check out the 3-D home tour! This home is currently an active vacation rental so showing availability may be limited, contact your Realtor to schedule a showing. Short term rental license cannot to be transferred to a new owner. Information is deemed reliable but not guaranteed. Buyers should conduct their own due diligence to verify all details. Per the City of Morro Bay, the vacation rental license cannot be transferred to a new owner.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 4.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,410 | 1,586 |
| Lot Size | 1,702 | 4,168.955 |
| Price | $869.0K | $1.03M |
| Price per sq ft | $616 | $618 |
| Built year | 2013 | 1983 |
| HOA | $268.0 | $135 |
| Days on market | 63 | 57 |
Jul 8, 2026
$869,000
Initial Listing
Jul 31, 2015
$549,000
Public Record