351 Nevis Street, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 1 bath
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Morro Bay, California 93442
This Turnkey Coastal Cottage is a Strong Value Opportunity, listed at $709,850—positioned well below the $728,361 Fair Market Value by 2%. This valuation gap offers $18,511 in Instant Equity for the buyer. Featuring a Good Condition Rating with a new roof and electrical system, the home offers a versatile floor plan and a Coastline View. Located 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 coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 351 Nevis Street Subject | $709,850* List Price | 2 | 1 | 1,014 | $718 | - |
A 350 Java Sold | $792,350 | 2 | 2 | 970 | $817 | 0.2 mi |
B 491 Luzon Sold | $690,000 | 2 | 1 | 840 | $821 | 0.1 mi |
C 440 Panay Sold | $735,000 | 2 | 2 | 880 | $835 | 0.1 mi |
D 449 Panay Sold | $839,000 | 3 | 3 | 1,240 | $677 | 0.1 mi |
E 466 Zanzibar Street Sold | $715,000 | 3 | 2 | 1,056 | $677 | 0.4 mi |
F 2631 Hemlock Sold | $912,500 | 3 | 3 | 1,332 | $685 | 0.9 mi |
G 2785 Hemlock Avenue Sold | $770,000 | 2 | 2 | 1,242 | $620 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1956, the property has undergone significant recent capital improvements including a new roof and a new electrical system. The interior is move-in ready with fresh paint, updated fixtures, and new flooring throughout. Although the kitchen cabinetry and tile countertops are dated in style, they are well-maintained and functional, fitting the 'Good' criteria for a renovated older home.
The property features major recent capital improvements, including a new roof and a new electrical system, providing immediate value and reducing future maintenance concerns for the buyer.
Situated in desirable North Morro Bay, the home is less than a 20-minute walk to Morro Strand State Beach and offers close proximity to the waterfront, dining, and scenic trails.
Beyond its two bedrooms, the home includes a large bonus room with vaulted wood ceilings, offering flexible space for a home office, creative studio, or guest retreat.
With only one bathroom available, the property may pose functional challenges for families or those who frequently host guests, potentially impacting long-term utility.
The 2,400-square-foot lot is relatively small, which limits outdoor living space, gardening opportunities, and the potential for future structural expansions.
Welcome to 351 Nevis Street, a rare opportunity to own a beautifully Updated Coastal Cottage in the heart of Morro Bay. Lovingly maintained by the same owner for more than 30 years, this charming residence combines timeless architectural character with major capital improvements that provide exceptional value and peace of mind. Recent upgrades include a NEW roof, NEW electrical system, fresh interior and exterior paint, and updated fixtures throughoutallowing buyers to enjoy the home immediately while minimizing future maintenance expenses. These significant improvements make this property a standout investment in one of California's most sought-after coastal communities. Inside, you'll discover warm coastal charm highlighted by soaring vaulted wood ceilings that create an inviting and spacious atmosphere. The sun-filled kitchen offers a boutique cottage feel with abundant natural light, making it the perfect place to gather with family and friends. The flexible floor plan includes a large bonus room that offers endless possibilities as a home office, creative studio, guest retreat, media room, or potential income-producing space. Location is everything, and 351 Nevis delivers. Situated in desirable North Morro Bay, you'll enjoy easy access to the iconic Morro Bay waterfront, local restaurants, boutique shopping, scenic walking trails, and Morro Rock. Best of all, Morro Strand State Beach is less than a 20-minute stroll away, allowing you to experience the coastal lifestyle that makes Morro Bay one of California's most treasured beach communities. Whether you're searching for a primary residence, vacation home, coastal retreat, or investment opportunity, this turnkey property offers a unique combination of character, location, and modern infrastructure rarely found at this price point. Buyer to participate in Seller's 1031 Exchange at no cost to Buyer. For maximum showing convenience, both CRMLS Sentrilock and Fresno MLS electronic lockboxes are installed. Don't miss this opportunity to own a move-in-ready Morro Bay cottage just moments from the beach, dining, and everything the Central Coast lifestyle has to offer. Seller to consider a credit toward buyers closing costs.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 5.7 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,014 | 1,700 |
| Lot Size | 2,400 | 4,000 |
| Price | $709.9K | $1.01M |
| Price per sq ft | $700 | $655 |
| Built year | 1956 | 1978 |
| HOA | $0 | $0 |
| Days on market | 39 | 78 |
Jun 13, 2026
$709,850
Initial Listing