245 Driftwood Street, Morro Bay, California 93442, Morro Bay, 93442 - 4 bed, 3 bath
245 Driftwood Street
Morro Bay, California 93442
Property Price
SUMMARY
Analysis of 245 Driftwood Street, Morro Bay, California 93442 reveals a property with a current list price of $1,700,000, which is 4% above the estimated $1,632,677 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Morro Bay 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 Driftwood Street Subject | $1,700,000* List Price | 4 | 3 | 2,674 | $611 | - |
A 431 Main Street Sold | $1,499,000 | 4 | 3 | 2,560 | $586 | 0.2 mi |
B 444 Kings Avenue Active | $1,995,000 List Price | 4 | 3 | 2,904 | $687 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2007, this property is move-in ready and falls within the 10-20 year age bracket for a 'good' condition rating. The home features high-end finishes including a gourmet kitchen with Dacor appliances, custom cabinetry, and granite countertops. The interior shows well-maintained wood and tile flooring, tall ceilings, and a master suite with a jacuzzi tub and walk-in shower. While the Mediterranean style is consistent with its original build date rather than a recent modern renovation, the addition of a Stiltz Lift and the overall lack of deferred maintenance justify this score.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Ideally situated within walking distance to the Embarcadero and Morro Rock, providing immediate access to world-class dining, boutique shopping, and waterfront recreation.
- Enhanced Accessibility & Versatility
The inclusion of a Stiltz Lift and a ground-floor bedroom with a private entrance offers rare accessibility and excellent potential for multi-generational living or guest privacy.
- Gourmet Chef's Kitchen
The high-end kitchen features premium Dacor appliances, custom cabinetry, and a large granite center island, designed specifically for sophisticated entertaining and coastal living.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The 4,519 square foot lot is relatively compact for a home of this size, which may limit options for buyers seeking extensive private yard space or large gardens.
- Vertical Living Configuration
The two-story Mediterranean layout places primary living areas on the upper floor to capture views, which may not appeal to buyers who prefer a traditional single-level flow.
About 245 Driftwood Street
Welcome to 245 Driftwood Street in the beautiful beach town of Morro Bay. This 4 bedroom, 2.5 bath home is close distance to the Embarcadero where you can shop, dine, wine taste, kayak and walk the beach to enjoy the beautiful view of the famous Morro Rock. This two-story home features tall ceilings, wood flooring and tile throughout, stainless steel appliances and landscaping all around. This Mediterranean style home is set back from the street providing extra privacy. The bottom bedroom has its own separate entrance and a covered patio. The great room is the perfect place to sit next to the fireplace and take in the views from the large windows. The kitchen is great for entertaining with its large granite center island, Dacor stove and custom cabinetry. Off the kitchen is one of two balconies where you can enjoy the sunshine and coastal breezes. The spacious master suite has a fireplace, balcony and a large bathroom complete with a walk-in shower, jacuzzi tub, dual sinks and a separate vanity with plenty of storage space. There is even a Stiltz Lift which is an alternative to using the stairs to the second story. You won't want to miss the opportunity to own a home close to the ocean in the charming town of Morro Bay! OPEN HOUSE 7/12. 11:00 am-1:00 pm
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 4,519 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 | 88% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,674 | 1,484 | 91% |
| Lot Size | 4,519 | 4,000 | 60% |
| Price | $1.70M | $970.0K | 89% |
| Price per sq ft | $636 | $714 | 40% |
| Built year | 2007 | 1975 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 276 | 169 | 82% |
Pricing History
Listed for Sale
Jun 4, 2025
$1,700,000
Initial Listing
Sold
Aug 18, 2016
$950,000
Public Record
Sold
Aug 23, 2013
$759,000
Public Record