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

31 N 3rd Street, Cayucos, California 93430 home-pic-0

31 N 3rd Street

Cayucos, California 93430

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,110Sq Ft
7,544Lot Size

Property Price

LIST PRICE$3,145,000
EST. MARKET VALUE
$3,145,000

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

$3,145,000
Based on Realkey algorithm analyzing recent comparable sales in Cayucos.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
31 N 3rd Street
Subject
$3,145,000*
List Price
3,110$1,011-
A
340 D Street
Pending
$2,950,000
List Price
432,960$9970.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds-3.0
5%
Baths-2.0
5%
Square foot3,1101,716
85%
Lot Size7,5443,805
75%
Price$3.15M$1.38M
80%
Price per sq ft$1.0K$838
75%
Built year19661975
45%
HOA$0$0
50%
Days on market247247
55%

Pricing History

Listed for Sale

Feb 26, 2026

$3,145,000

Initial Listing

Price Change

Jul 3, 2025

$3,350,000

Initial Listing

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