3166 Shearer Avenue, Cayucos, California 93430, Cayucos, 93430 - 4 bed, 3 bath
3166 Shearer Avenue
Cayucos, California 93430
Property Price
SUMMARY
Analysis of 3166 Shearer Avenue, Cayucos, California 93430 reveals a Fairly Priced Property with a current list price of $1,649,500 aligned with the estimated $1,649,500 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 3166 Shearer Avenue Subject | $1,649,500* List Price | 4 | 3 | 2,674 | $617 | - |
A 60 Rapf Avenue Sold | $1,200,000 | 2 | 2 | 1,802 | $666 | 0.3 mi |
B 3486 Davies Avenue Active | $1,289,000 List Price | 3 | 2 | 2,162 | $596 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1997, is well-maintained and move-in ready but retains most of its original finishes. The kitchen and bathrooms feature dated 1990s aesthetics, including white tile countertops, older cabinetry, and white appliances. While it includes premium features like an elevator and newer windows, the lack of modern cosmetic renovations to the primary living areas aligns with the 'fair' condition criteria for homes of this age.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Ocean Views
The top-floor living area features vaulted ceilings and wall-to-wall windows that capture stunning, unobstructed views of Estero Bay, Morro Rock, and the Cayucos Pier.
- Enhanced Accessibility
A rare and highly desirable internal elevator connects all three levels of the home, providing seamless access and long-term utility for all residents and guests.
- Versatile Bonus Spaces
The property includes an enormous finished flex-room and a dedicated turnkey shop/studio, offering exceptional space for a home theater, hobbyist workshop, or secondary living area.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2800, living area = 2674.
- Limited Outdoor Space
With a lot size of only 2,800 sqft, the property offers minimal yard area and a small patio, which may be a drawback for buyers seeking significant private green space.
- Potential for Modernization
While well-maintained, the 1997 construction and original custom finishes may require cosmetic updates to align with contemporary luxury design preferences.
About 3166 Shearer Avenue
This impressive 4BD/2.5BA home in south Cayucos has an extraordinary layout and offers a rare opportunity to customize your dream beach retreat. It stands out with boundless entertaining and living possibilities for indoor and outdoor enthusiasts alike with majestic views, unique living spaces, and rare, custom features throughout the its three levels, all connected via wide staircases or a quiet elevator ride. The expansive main living area on the top floor features vaulted ceilings and wall-to-wall windows that showcase the stunning ocean views of Estero Bay from Morro Rock to the Cayucos Pier and beyond. The kitchen has lots of counter space and storage, a cute breakfast nook, and large island with an adjacent dining room overlooking the ocean or mosey outside to the wide upper deck to relax during the gorgeous sunsets. Throughout the comfortable open living area you’ll find beautiful custom built-ins plus a cozy fireplace. Off the living room is the large primary bedroom ensuite with soaker tub, shower, double vanity, extra large walk-in closet, second closet, and laundry room. On the lower level you will find an enormous finished flex-room to jolt your imagination, to use as a second living area, media room, game room, or more. Plus, hobbyists, collectors, and makers will instantly recognize the utility of the turnkey shop/studio. There are three additional large bedrooms on the main entry level, all with good closet space, partial ocean views, and a full bathroom. There are newer windows throughout, recently upgraded garage doors, an intercom system, and internal vacuuming outlets. And the large 2-car garage offers lots of built-in custom storage and automatic doors to store your four-wheeled beauties. A small entry patio and lower yard area ensures low-maintenance landscaping needs year-round. Conveniently located just a few minutes to downtown shopping and restaurants, stunning beaches, and numerous activities throughout San Luis Obispo County. Bring your creative ideas…this is a truly inspirational opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 2,800 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 | 85% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,674 | 1,716 | 85% |
| Lot Size | 2,800 | 3,671 | 35% |
| Price | $1.65M | $1.38M | 60% |
| Price per sq ft | $617 | $815 | 20% |
| Built year | 1997 | 1978 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 213 | 230 | 50% |
Pricing History
Listed for Sale
Mar 6, 2026
$1,649,500
$1,749,500
-6% Price Drop
Initial Listing
Price Change
Feb 26, 2026
$1,749,500
Initial Listing
Price Change
Aug 6, 2025
$1,849,500
Initial Listing