2023 Circle, Cayucos, California 93430, Cayucos, 93430 - 5 bed, 3 bath
2023 Circle
Cayucos, California 93430
Property Price
SUMMARY
Analysis of 2023 Circle, Cayucos, California 93430 is currently available with a list price of $2,395,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Cayucos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and functional as an active vacation rental, but the interior finishes are significantly dated. Built in 1978, the kitchen features older tile countertops and white appliances, and the bathrooms and flooring reflect styles from several decades ago without recent major renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate residences and a rare, active vacation rental license, providing immediate high-yield investment potential or flexible multi-generational living options.
- Panoramic Coastal Views
The main home offers sweeping ocean, coastline, and hill views from an elevated great room with open-beamed ceilings and three private decks designed for indoor-outdoor living.
- Prime Cul-de-Sac Location
Situated on a quiet street with abundant parking and easy access to coastal stairs at 16th and 19th Streets, the property offers a peaceful retreat within walking distance to the beach and town.
CONSRISKS & DEFICIENCIES
- Dated Architectural Era
Built in 1978, the property may require significant cosmetic or structural modernizations to align with contemporary luxury standards and maximize its rental premium.
- High Price Point per Lot Size
At a $2.395M valuation on a standard 5,600 square foot lot, the acquisition cost places a high demand on rental performance and market appreciation.
About 2023 Circle
Rare Cayucos opportunity featuring two separate units, abundant parking, and an active vacation rental license, all just a short walk to town and the beach. The street-side 3BD/2BA main home offers sweeping ocean views from the upper-level great room with open-beamed ceilings and three decks—ideal for coastal living or entertaining. Set beyond a generous parking area is a detached 2BD unit with a three-room bonus space for flexible use, plus a large backyard with peaceful coastal hill views. Located on a quiet cul-de-sac with nearby coastal access stairs at 16th and 19th Streets, this property offers multiple use options and excellent income potential.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1978
- Lot Size
- 5,600 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,720 | 2,057 | 50% |
| Lot Size | 5,600 | 4,107 | 50% |
| Price | $2.40M | $1.80M | 50% |
| Price per sq ft | $881 | $871 | 50% |
| Built year | 1978 | 1971 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 159 | 50% |
Pricing History
Listed for Sale
Jan 30, 2026
$2,395,000
Initial Listing
Sold
Jan 9, 1998
$369,000
Public Record
Sold
Sep 25, 1995
$300,000
Public Record