
Cayucos, California 93430
This Coastal Multi-Unit Residence represents a Strong Value Opportunity, listed at $1,999,000—positioned well below the $2,134,408 Fair Market Value by 6%. This valuation gap offers $135,408 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and an expansive Ocean View Deck. The versatile layout, including a separate lower-level apartment, provides significant income potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3585 Studio Subject | $1,999,000* List Price | 4 | 3 | 2,052 | $1,040 | - |
A 3595 Shearer Avenue Active | $2,250,000 List Price | 3 | 3 | 1,947 | $1,156 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1971, the property has undergone significant renovations likely within the 5-15 year range. The main kitchen is updated with granite countertops and premium appliances, and the exterior features modern glass railings and a fresh color palette. While the lower-level kitchen appears more dated, the overall home is well-maintained and move-in ready.
Situated on the highly coveted Studio Drive with immediate beach access, this property offers a premium location in one of Cayucos' most desirable and quiet coastal neighborhoods.
The lower level includes a completely separate 1-bedroom, 1-bathroom apartment with its own kitchen and living area, providing excellent potential for rental income or guest privacy.
An expansive second-level deck featuring glass railings provides unobstructed, sweeping views of the Pacific Ocean, significantly enhancing the home's entertaining capacity.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2275, living area = 2052.
With a lot size of only 2,275 square feet, the property offers very little private yard space and limited potential for future footprint expansion.
The conversion of one garage bay into an entertainment retreat reduces the available indoor parking and storage space for vehicles and beach equipment.
Experience the best of coastal living in this beautifully updated beach home, ideally located on coveted Studio Drive, one of Cayucos' most desirable streets. Just across from beach access, this exceptional property offers three bedrooms, three bathrooms, and a light-filled floor plan on the second level designed for comfortable living and effortless entertaining. The well-appointed kitchen features premium appliances, granite countertops, abundant storage, and generous workspace. The spacious living and dining areas flow seamlessly to an expansive ocean view deck where glass railings showcase sweeping Pacific views, creating the perfect setting for outdoor dining, sunset gatherings, or simply enjoying the sound of the waves. The primary suite provides a peaceful retreat with an ensuite bath, while the additional bedrooms offer comfortable accommodations for family and guests. A versatile lower level bonus room adds a completely separate 1 bedroom, 1 bath kitchen and living area apartment. One bay of the garage offers an entertainment retreat with flexibility for a media room, game room, home office, or additional living space. A chair lift between levels provides added convenience and accessibility. Studio Drive is cherished for its quiet coastal setting, easy beach access, and proximity to everything that makes Cayucos so special. Whether you're searching for a full time residence or the perfect coastal getaway, this exceptional home offers an opportunity to enjoy the very best of Central Coast living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,052 | 1,442.5 |
| Lot Size | 2,275 | 3,925 |
| Price | $2.00M | $1.56M |
| Price per sq ft | $974 | $966 |
| Built year | 1971 | 1968 |
| HOA | $0 | $0 |
| Days on market | 13 | 100 |
Jul 9, 2026
$1,999,000
Initial Listing