
Morro Bay, California 93442
This Turnkey Coastal Condominium is a High-Potential Investment Opportunity, listed at $525,000—positioned well below the $613,107 Fair Market Value by 14%. This valuation gap offers $88,107 in Instant Equity for the buyer. Featuring a 2-Condition Rating with recent modern upgrades, this home offers a Primary Suite with Ocean Views and a Private Balcony. Located near Top-Rated Schools in the San Luis Coastal Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready seaside lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3329 Panorama Dr Subject | $525,000* List Price | 2 | 2 | 1,080 | $568 | - |
A 3330 Tide Avenue 11 Sold | $615,000 | 2 | 2 | 1,080 | $569 | 0.1 mi |
B 3058 Main Street Sold | $584,000 | 2 | 2 | 1,080 | $541 | 0.6 mi |
C 472 Whidbey Way Active Under Contract | $515,000 List Price | 2 | 2 | 833 | $618 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1972, the property underwent a comprehensive interior refresh within the last two months (<5 years). Upgrades include new LVP flooring, fresh paint, updated bathroom vanities/toilets, and new light fixtures. The kitchen features modern stainless steel appliances and updated cabinetry, making it move-in ready with no immediate maintenance required.
Ideally situated less than half a mile from Morro Strand State Beach, this unit features a primary suite balcony with iconic views of the Pacific Ocean and Morro Rock.
The interior has been significantly refreshed within the last two months with new LVP flooring, fresh paint, updated vanities, and modern fixtures, providing a move-in-ready aesthetic.
Priced at $525,000, this property represents one of the most competitive entry points for a two-bedroom coastal residence currently available on the Central Coast.
The property relies on a communal community laundry room rather than having private in-unit hookups, which may be a convenience drawback for some buyers.
Monthly HOA dues of $480 are a significant recurring cost, and key amenities like the indoor pool and spa are currently unavailable due to ongoing resurfacing.
Welcome to this beautifully refreshed corner-unit condo offering coastal charm and everyday comfort just moments from the beach. Ideally situated in North Morro Bay, this 2-story, 2 bedroom, 2 bathroom home invites you to enjoy a relaxed seaside lifestyle, where easy access to the shoreline and breathtaking sunsets can be part of your everyday routine. Both bedrooms are located upstairs, including a serene primary suite with a private balcony showcasing views of the ocean and iconic Morro Rock—an ideal spot to unwind with your morning coffee or take in the coastal breeze at the end of the day. The primary bedroom is further enhanced by a convenient wet bar and mini-fridge, creating a private retreat-like setting. The second bedroom enjoys peaceful hillside views, offering a natural backdrop where cows and the occasional deer graze. The functional layout includes a full bathroom on each level, providing convenience and flexibility for guests and everyday living. Recent upgrades completed within the past two months bring a fresh, modern feel throughout, including new LVP flooring, light/fan fixtures, interior paint, updated bathroom vanities and toilets, custom cabinet doors (ordered and on the way), and refreshed landscaping. Enjoy close proximity to some of the Central Coast’s most loved destinations: less than half a mile to Morro Strand State Beach, just over a mile to the Morro Bay Dog Beach in Cayucos, approximately three miles to downtown Morro Bay’s shops and waterfront dining, and only 4.5 miles to the Cayucos Pier. The community offers a clubhouse, laundry room, and indoor spa and pool (currently being resurfaced). HOA dues of $480/month cover community amenities, exterior maintenance, management, and trash service. Opportunities like this are rare—this is one of the best values currently available on the Central Coast.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 6.0 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,080 | - |
| Lot Size | 1,080 | - |
| Price | $525.0K | $710.4K |
| Price per sq ft | $486 | $577 |
| Built year | 1972 | 0 |
| HOA | $480.0 | $0 |
| Days on market | 6 | 134 |
Jul 16, 2026
$525,000
Initial Listing
Mar 18, 2016
$315,000
Public Record
Jun 10, 2014
$225,000
Public Record
Sep 29, 1998
$85,000
Public Record