31 N 3rd Street, Cayucos, California 93430, Cayucos, 93430 - bed, bath

31 N 3rd Street
Cayucos, California 93430
Property Price
SUMMARY
Analysis of 31 N 3rd Street, Cayucos, California 93430 reveals a Fairly Priced Property with a current list price of $3,145,000 aligned with the estimated $3,145,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 N 3rd Street Subject | $3,145,000* List Price | 3,110 | $1,011 | - | ||
A 340 D Street Pending | $2,950,000 List Price | 4 | 3 | 2,960 | $997 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property underwent an extensive 80% stud-down rebuild and full renovation of both detached units. It features high-end Bosch appliances, Taj Mahal quartzite countertops, all-new major systems (plumbing, electrical, roofing, HVAC), and modern designer finishes throughout, meeting the highest standards for a turnkey coastal residence.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Residence Versatility
The property features two fully detached, renovated homes with separate utilities, garages, and addresses, offering exceptional potential for rental income or multigenerational living.
- Premium Coastal Location
Situated just half a block from the beach, the property boasts a 40-foot glass-enclosed rooftop deck with panoramic views of the Pacific Ocean and Morro Rock.
- Turnkey Designer Upgrades
The main residence underwent an extensive 80% stud-down rebuild featuring high-end finishes like Taj Mahal quartzite, Bosch appliances, and all-new infrastructure.
CONSRISKS & DEFICIENCIES
- Regulatory Rental Risk
Short-term rental eligibility for the guest home is subject to buyer verification with the county, creating uncertainty for investors relying on that specific income stream.
- High Lot Density
Accommodating two separate residences on a 7,544 square foot parcel results in a higher density layout with more limited private yard space compared to a single-family estate.
About 31 N 3rd Street
Is there a 7 bedroom coastal compound in Cayucos half a block from the sand that is truly turnkey? 31 and 33 North 3rd Street delivers two fully upgraded detached homes on a 7,544 square foot lot with separate utilities, modernized interiors, and completed improvements designed for low maintenance coastal living. Located in one of Cayucos’ most walkable beachside neighborhoods, this dual residence property offers rare flexibility with finished quality throughout. The front home at 31 North 3rd Street, offering four bedrooms and three baths, was taken approximately 80 percent down to the studs and rebuilt with new plumbing, electrical, heating, and systems. It features a new roof, new 40 foot glass enclosed rooftop deck, new front deck, new windows, new flooring, a redesigned kitchen with Taj Mahal quartzite countertops, Bosch appliance suite with dual fuel range, custom wine and coffee bar with wine refrigerator, four new bathrooms, and two laundry centers with included washers and dryers. Ocean views with Morro Rock are enjoyed from the kitchen island, living and game room, and outdoor decks. The second residence at 33 North 3rd Street offers three bedrooms and one bath and has been fully renovated with a new kitchen featuring matte porcelain slab countertops, Master Craft cabinetry, GE Profile appliances, a new bathroom, new windows, new flooring, updated plumbing fixtures and lighting, an attached garage with coated floor, private outdoor space, and a dedicated laundry center with washer and dryer included. Both homes benefit from new landscaping, irrigation, concrete hardscape, fencing, drainage improvements, sewer line scope and scrub, and Section One clearance. Zoned residential with potential short term rental eligibility for the guest home subject to buyer verification with San Luis Obispo County, this is a rare opportunity to secure two fully modernized detached homes near the ocean in Cayucos with long term lifestyle and income flexibility.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 7,544 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | 3.0 | 5% |
| Baths | - | 2.0 | 5% |
| Square foot | 3,110 | 1,716 | 85% |
| Lot Size | 7,544 | 3,805 | 75% |
| Price | $3.15M | $1.38M | 80% |
| Price per sq ft | $1.0K | $838 | 75% |
| Built year | 1966 | 1975 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 247 | 247 | 55% |
Pricing History
Listed for Sale
Feb 26, 2026
$3,145,000
Initial Listing
Price Change
Jul 3, 2025
$3,350,000
Initial Listing










































































