
Cayucos, California 93430
This Hillside Coastal Residence is a Strong Value Opportunity, listed at $1,395,000—positioned well below the $1,458,574 Fair Market Value by 4%. This valuation gap offers $63,574 in Instant Equity for the buyer. While the home maintains a Fair Condition Rating with dated interiors, its Panoramic Coastal Views and Thoughtful Architectural Layout provide a solid foundation for value-add cosmetic updates. This property is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3481 Shearer Avenue Subject | $1,395,000* List Price | 3 | 3 | 1,891 | $795 | - |
A 3372 Shearer Sold | $1,265,000 | 3 | 3 | 1,661 | $762 | 0.1 mi |
B 3129 Studio Drive Sold | $1,470,000 | 3 | 3 | 1,979 | $743 | 0.4 mi |
C 3449 Studio Sold | $1,242,500 | 2 | 2 | 1,492 | $833 | 0.1 mi |
D 2797 Orville Avenue Sold | $1,055,000 | 2 | 2 | 1,360 | $776 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this 26-year-old home falls into the 'Fair' category as it appears to maintain most of its original finishes. While the property is well-maintained and offers exceptional views, the kitchen and interior styling are dated and likely require cosmetic updates and a review of aging systems to meet modern standards.
The property offers exceptional, unobstructed vistas stretching from Point Estero to Morro Rock and Point Buchon, visible from both living levels and multiple private decks.
The home features an excellent separation of space with a top-level primary suite and guest bedrooms on a separate floor, providing privacy and functionality for residents and visitors alike.
Perched high above neighboring homes to the south, the residence's hillside position ensures superior privacy and permanent, breathtaking perspectives of the California coastline.
With a lot size of only 2,800 square feet, the property offers minimal yard or garden space, which may be a drawback for buyers seeking traditional outdoor recreational areas.
The three-story split-entry design requires navigating multiple flights of stairs to access the main living areas and primary suite, which could be a concern for buyers with mobility preferences.
Exceptional Hillside Home with Breathtaking Coastal Views Perched high above the homes to the south, this hillside residence offers a truly special setting, delivering unparalleled coastal vistas from both levels of living space. Sweeping views stretch from Point Estero above Cayucos to Morro Bay and the iconic Morro Rock. The scenery continues southward, capturing the Irish Hills, Cabrillo Estates, and finally, Point Buchon. The home's thoughtful design offers an excellent separation of space. A split entry leads to the oversized 2-car garage on the lower level and up to the main living areas. The second level features two guest bedrooms, each with its own private view deck and a shared full bath. The top level showcases a spacious great room, offering even more of those incredible coastal views, along with the primary suite, which provides additional, unforgettable perspectives of the coast. This stunning setting and beautifully designed residence are not to be missed!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,891 | 1,893.235 |
| Lot Size | 2,800 | 3,694.059 |
| Price | $1.40M | $1.58M |
| Price per sq ft | $738 | $938 |
| Built year | 1998 | 1979 |
| HOA | $0 | $5.5K |
| Days on market | 42 | 97 |
Jul 29, 2026
$1,395,000
Initial Listing
Mar 29, 2022
$532,500
Public Record
Feb 4, 1997
$77,500
Public Record