3372 Shearer, Cayucos, California 93430, Cayucos, 93430 - 3 bed, 3 bath
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Cayucos, California 93430
This Income-Generating Coastal Residence is currently listed at $1,339,250, representing a strategic price point for a property that includes a rare, transferable Short-Term Rental License. While the $1,288,183 Fair Market Value reflects the home's Fair Condition Rating, the significant revenue potential and Ocean and Hillside Views provide a unique competitive edge. Featuring a spacious floorplan with a large viewing deck and soaring ceilings, the home is situated within the Coast Unified School District. This property is a high-utility asset perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a revenue-ready seaside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3372 Shearer Subject | $1,339,250* List Price | 3 | 3 | 1,661 | $767 | - |
A 60 Rapf Avenue Sold | $1,200,000 | 2 | 2 | 1,802 | $666 | 0.1 mi |
B 66 Thalberg Avenue Sold | $1,100,000 | 2 | 2 | 1,392 | $790 | 0.1 mi |
C 3486 Davies Avenue Pending | $1,275,000 List Price | 3 | 2 | 2,162 | $590 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this home is exceptionally well-maintained and move-in ready, but it lacks recent comprehensive renovations. The kitchen and bathrooms feature dated elements such as oak cabinetry, white tile countertops, and older white appliances rather than modern finishes. While the soaring ceilings and stone hearth are attractive features, the overall aesthetic, including the flooring and fixtures, reflects a style from 20-30 years ago, fitting the criteria for a 'fair' condition score due to being functional but outdated.
The property includes a coveted short-term rental license, providing a significant investment advantage and immediate income-generating potential in a popular coastal destination.
Designed to maximize its hillside position, the home features soaring ceilings, skylights, and a large viewing deck that offer sweeping ocean and coastal views.
The interior boasts a spacious floor plan with a massive hearth, a dedicated wet bar, and a generous kitchen, making it an ideal space for hosting and social gatherings.
With a lot size of only 2,800 square feet, the property offers very little usable yard or garden space outside of the elevated deck areas.
The split-level entry and multi-story design may pose challenges for buyers seeking single-level living or those with mobility concerns.
Hillside Haven with the benefit of a short term rental license and spacious floorplan. This lovely Cayucos home provides sweeping coastal views and is situated on a quiet neighborhood street used mostly by local traffic. The 2-car garage is fronted by a wide drive for off-street parking. Stone accents highlight the front. A split entry offers hillside views, and the ocean peeks over nearby houses. The main living area is a half flight up with skylight above soaring ceilings and a massive hearth. There’s a handy wet bar too! Windows and deck supply wide coastal views above the rooflines below. The kitchen has generous size and ample storage with quality appliances, cabinetry and fixtures. A generous dining area has a guest bath nearby and china storage. The outside deck area serves for viewing, but is large enough for dining. Downstairs, the primary suite boasts a shower and tub, plus more generous storage. The lower level has a total of 3 bedrooms, 2 spacious bathrooms and outside access. Spacious design, fine views, and lots of use options. See it soon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,661 | 1,643.5 | 55% |
| Lot Size | 2,800 | 3,541 | 40% |
| Price | $1.34M | $1.31M | 50% |
| Price per sq ft | $806 | $815 | 45% |
| Built year | 1982 | 1975 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 204 | 15% |
Jan 16, 2026
$1,339,250
Initial Listing
Jul 19, 2019
$865,000
Public Record
Aug 11, 2005
$355,000
Public Record