
Morro Bay, California 93442
This Coastal Residential Property is a High-Potential Investment Opportunity, listed at $1,699,000—positioned above the $1,594,888 Fair Market Value. While priced at a premium, the home offers Panoramic Coastal Views and a Versatile Floor Plan with a main-level primary suite. With a Fair Condition Rating and original 2001 finishes, the property serves as an exceptional canvas for cosmetic modernization. Located in the San Luis Coastal Unified district, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a custom coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2811 Juniper Avenue Subject | $1,699,000* List Price | 4 | 3 | 2,573 | $622 | - |
A 2845 Ironwood Avenue Sold | $1,462,450 | 4 | 3 | 2,346 | $623 | 0.1 mi |
B 3020 Ironwood Avenue Sold | $1,925,000 | 4 | 4 | 3,020 | $637 | 0.3 mi |
C 2621 Maple Avenue Sold | $1,370,000 | 3 | 3 | 2,508 | $546 | 0.2 mi |
D 2740 Ironwood Active | $1,398,000 List Price | 4 | 3 | 2,816 | $496 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, this 23-year-old property is well-maintained but features original dated finishes. The kitchen and bathrooms contain oak cabinetry, tile countertops with grout lines, and brass-tone fixtures typical of its era. While functional and move-in ready, it meets the criteria for 'Fair' due to being over 20 years old without significant modern renovations.
The property offers commanding, unobstructed views of Morro Rock, the bay, and the Pacific Ocean from nearly every room and multiple expansive decks.
The layout features a desirable main-level primary suite and a secondary lower-level living area, providing excellent flexibility for multi-generational living or guest privacy.
A rare attached three-car garage combined with an expansive driveway offers significant parking capacity and storage, which is highly valued in coastal neighborhoods.
The backyard's reliance on stairs and a detached viewing platform suggests a sloped terrain, which may limit traditional flat yard space for recreation or gardening.
Built in 2001, the home is described as an 'exceptional canvas,' implying that buyers may want to invest in cosmetic modernizations to align with contemporary luxury standards.
Commanding panoramic views of Morro Rock, the bay, ocean, and coastline, this exceptional home offers an extraordinary coastal living experience. From the moment you arrive, the home makes a lasting impression. An expansive driveway, ample parking, and an attached three-car garage welcome you, while glimpses of Morro Rock from the approach hint at the spectacular vista views that await inside. The front entry makes way into a light-filled open-concept living space where sweeping views take center stage. Vaulted cathedral ceilings and a cozy fireplace anchor the living room, while walls of windows frame Morro Rock, the sparkling bay, and the Pacific beyond. The adjoining dining area opens directly to a view deck, creating a seamless indoor-outdoor setting for entertaining, dining, or simply enjoying the ever-changing coastal scenery. The spacious kitchen is thoughtfully designed with a large center island with bar seating, a walk-in pantry, and breathtaking views that make meal preparation and gathering with family and friends a truly memorable experience. Conveniently located on the main level, the primary suite serves as a private retreat, continuing the home's stunning visual connection to the coastline. The ensuite bath features a soaking tub, dual-sink vanity, walk-in shower, and generous walk-in closet. The lower level offers remarkable flexibility with a large second living room that enjoys the same spectacular views and opens directly to another ocean-view deck. Stairs lead down to the backyard, where a detached viewing platform provides the perfect setting for outdoor gatherings, sunset watching, or taking in the iconic beauty of Morro Rock and the bay. Also on the lower level are three additional bedrooms, including a bedroom with direct deck access, along with a full bath, half bath, and an expansive laundry room with abundant storage. Each space is generously sized and thoughtfully positioned to maximize comfort and functionality. The home has been well maintained and offers an exceptional canvas to create a custom coastal retreat in one of Morro Bay's most captivating settings.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 5.0 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,573 | 1,700 |
| Lot Size | 6,200 | 4,000 |
| Price | $1.70M | $1.01M |
| Price per sq ft | $660 | $655 |
| Built year | 2001 | 1978 |
| HOA | $0 | $0 |
| Days on market | 35 | 78 |
Jun 17, 2026
$1,699,000
Initial Listing
Sep 8, 1999
$75,000
Public Record