
Los Osos, California 93402
This Single Family Residence is a Strong Value Opportunity, listed at $1,195,000—positioned above the $1,080,045 Fair Market Value. While the property carries a premium, its Good Condition Rating and meticulous maintenance justify the price for those prioritizing lifestyle. Featuring a Back Bay view, private decks, and a recirculating hot water system, the home offers a turnkey coastal sanctuary. Located in the San Luis Coastal Unified district, this property is an ideal acquisition for lifestyle-focused buyers or owner-occupants seeking immediate access to the Morro Bay Estuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 Binscarth Subject | $1,095,000* List Price | 2 | 3 | 1,560 | $640 | - |
A 1408 3rd Street Sold | $884,000 | 3 | 2 | 1,137 | $777 | 0.9 mi |
B 319 Mar Vista Sold | $1,065,000 | 3 | 3 | 1,715 | $621 | 0.6 mi |
C 380 Lilac Sold | $769,000 | 2 | 1 | 1,036 | $742 | 0.6 mi |
D 1726 7th Sold | $795,000 | 2 | 1 | 1,128 | $705 | 0.9 mi |
E 589 Mar Vista Sold | $825,000 | 3 | 2 | 1,075 | $767 | 0.8 mi |
F 341 Binscarth Active Under Contract | $990,000 List Price | 2 | 2 | 1,659 | $597 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a significant remodel in 2012 (12 years ago), which fits the 5-15 year renovation window for a 'Good' rating. Key systems and features have been updated, including a newer roof, double-pane windows, a recirculating hot water system, and a full exterior repaint. While some interior finishes like the bathroom tile and lighting are beginning to look dated, the home is meticulously maintained, functional, and move-in ready.
Situated directly across from the Cuesta Inlet and Morro Bay Estuary, the property offers immediate access to kayaking, paddle-boarding, and protected natural recreation areas.
The home has been exceptionally well-kept, featuring a 2012 remodel, newer roof, updated fascia, and a recirculating hot water system, reducing the need for immediate capital improvements.
The open floor plan with clerestory windows and multiple sliding glass doors leading to front and rear decks maximizes natural light and captures the scenic Back Bay views.
With only two primary bedrooms, the home may have limited appeal for larger families or buyers requiring multiple dedicated guest rooms.
The 4,000 square foot lot is relatively small, which may be a drawback for buyers seeking extensive private yard space or room for significant outdoor expansion.
Welcome to Your Home by the Bay! Across the street from Cuesta Inlet and the Morro Bay Estuary, this two-bedroom, two-and-a-half-bath home with bonus room sits in one of Cuesta-by-the-Sea's most desirable pockets. Upstairs the bright and open floor plan under clerestory windows flows through sliding glass doors to front and rear decks. A custom rail created by a local artist gives the front deck a unique, one of a kind accent. Sliding glass doors from the primary and guest bedrooms open onto a private backyard with low-maintenance landscaping. Remodeled in 2012 with oak and tile flooring, double-pane windows and sliders, and a gas fireplace insert, the home also features a full exterior repaint, new fascia board and back deck, recirculating hot water system, and newer roof. This home has been meticulously maintained throughout the years. Just minutes from Sea Pines Golf Course, Montaña de Oro State Park, Monarch Grove Elementary School, local restaurants, the Farmers Market, and Sweet Springs Nature Preserve. In late 2025, the community rallied to permanently protect the adjacent 13-acre Cuesta Inlet, keeping it open to the public for generations to come. Paddlers can launch right from the inlet for easy kayaking and paddle-boarding in the bay, while nature lovers will enjoy the many nearby birding and outdoor recreation opportunities. Don’t miss this rare find - call your Realtor today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,560 | 1,489.077 |
| Lot Size | 4,000 | 6,263.462 |
| Price | $1.09M | $900.8K |
| Price per sq ft | $702 | $664 |
| Built year | 1977 | 1975 |
| HOA | $0 | $0 |
| Days on market | 22 | 40 |
Aug 28, 2026
$1,095,000
$1,195,000
-8% Price Drop
Initial Listing
Aug 18, 2026
$1,195,000
Initial Listing
Feb 1, 1994
$230,000
Public Record