2023 Circle, Cayucos, California 93430, Cayucos, 93430 - 5 bed, 3 bath
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Cayucos, California 93430
This Dual-Unit Coastal Income Property is listed at $2,395,000, representing a stable asset valued close to its $2,220,082 Fair Market Value when accounting for the rare, Active Vacation Rental License. Featuring Panoramic Ocean Views and a Condition Rating of 4, the property offers immediate revenue with significant "value-add" potential through interior modernization. Located within the Coast Unified district on a quiet cul-de-sac, the layout includes a 3BD main house and a detached 2BD unit with three decks. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2023 Circle Subject | $2,395,000* List Price | 5 | 3 | 2,720 | $816 | - |
A 31 8th Street Active | $2,475,000 List Price | 7 | 6 | 3,432 | $721 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Built in 1978, the property may require significant cosmetic or structural modernizations to align with contemporary luxury standards and maximize its rental premium.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| 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 | 82 | 204 | 50% |
Jan 30, 2026
$2,395,000
Initial Listing
Jan 9, 1998
$369,000
Public Record
Sep 25, 1995
$300,000
Public Record