364 Mccarthy Avenue, Oceano, California 93445, Oceano, 93445 - 4 bed, 4 bath

364 Mccarthy Avenue, Oceano, California 93445 home-pic-0

364 Mccarthy Avenue

Oceano, California 93445

ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,772Sq Ft
4,300Lot Size

Property Price

LIST PRICE$2,099,000
EST. MARKET VALUE
$2,209,949
5% BelowMARKET VALUE

SUMMARY

Analysis of 364 Mccarthy Avenue, Oceano, California 93445 reveals a Prime Investment Opportunity with a current list price of $2,099,000—significantly undercutting the $2,209,949 Fair Market Value by 5%. This valuation gap indicates a +$110,949 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Oceano Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,209,949 +$110,949 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oceano.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
364 Mccarthy Avenue
Subject
$2,099,000*
List Price
442,772$797-
A
1652 Strand Way
Sold
$2,300,000452,832$8120.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This is a brand-new 2026 custom-built coastal home featuring high-end modern finishes, including a chef's kitchen with quartz countertops, professional-grade appliances, and a butler's pantry. The property includes premium wide-plank flooring, designer light fixtures, and modern systems such as owned solar, tankless water heating, and a heat pump HVAC system, meeting the highest quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Brand-New Custom Construction

    Completed in 2026 by Beach Front Builders, this home features high-end finishes, owned solar, and modern mechanicals, offering a turnkey luxury experience with contemporary aesthetics.

  • Exceptional Outdoor Living

    The property boasts a private rooftop deck with peekaboo ocean views and a seamless indoor-outdoor flow to a stamped concrete patio, maximizing the coastal lifestyle.

  • Versatile & Future-Proof Design

    With a ground-floor guest en suite and a dedicated interior space for a future elevator, the home is thoughtfully designed for multigenerational living and long-term accessibility.

CONSRISKS & DEFICIENCIES

  • Limited Ocean Vistas

    Despite its proximity to the shore, the ocean views are primarily 'peekaboo,' which may be a drawback for buyers expecting panoramic water views at a $2M+ price point.

  • Compact Lot Size

    The 4,300 sq. ft. lot is relatively small for a luxury residence, which limits private yard space and results in closer proximity to neighboring homes.

About 364 Mccarthy Avenue

Experience the pinnacle of coastal living in this brand-new custom home, just completed by Beach Front Builders and ideally located in an exclusive neighborhood at the gateway to Pismo State Beach, with beach access just down the street. Set on an oversized 4,300± sq. ft. lot with 43 feet of road frontage, the property offers exceptional functionality, including a stamped concrete driveway, generous parking, and a dedicated side area equipped with an RV waste line. The main living level is designed as a cohesive, open-concept space connecting the living room, dining area, and kitchen. Wide-plank flooring, a coffered ceiling with wood beam accents, recessed lighting, and a modern gas fireplace create a refined yet comfortable atmosphere. Two large sliding doors open to the backyard and stamped concrete patio, allowing for seamless indoor–outdoor living. The kitchen is both elegant and functional, featuring double wall ovens, a six-burner gas cooktop with pot filler, quartz countertops, bar seating, custom cabinetry, and an oversized sink with professional-style faucet. A thoughtfully designed butler’s pantry provides additional counter space and storage, with room for small appliances and a wine fridge. The lower level includes a private bedroom with en suite bath and a separate guest bathroom, making it ideal for guests or multigenerational living. A large interior space was intentionally constructed to accommodate a future elevator, offering flexibility for long-term use. Upstairs, a spacious family room with a wet bar opens to a balcony and enjoys views overlooking the lagoon and dunes. Three additional bedrooms are located on this level, including the primary suite, which features his-and-hers walk-in closets, a private balcony, and a dedicated makeup and vanity area. The primary bath includes a generous soaking tub, dual sinks, and a walk-in shower. An additional upstairs guest bathroom mirrors the home’s elevated finish level. A standout feature is the private rooftop deck, offering an elevated outdoor space ideal for entertaining, relaxing, and enjoying the surrounding coastal setting, including peekaboo ocean views. Additional features include owned solar, tankless hot water, and modern mechanicals with heat pump HVAC. Located minutes from Pismo Beach, shopping, golf courses, and the Central Coast’s renowned wineries, this property offers a rare opportunity to own a thoughtfully designed coastal retreat.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2026
Lot Size
4,300 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
65%
Baths4.02.0
87%
Square foot2,7721,490
91%
Lot Size4,3004,500
39%
Price$2.10M$813.0K
91%
Price per sq ft$757$552
91%
Built year20261988
96%
HOA$0$0
50%
Days on market21136
4%

Pricing History

Listed for Sale

Feb 14, 2026

$2,099,000

Initial Listing

Sold

Nov 18, 2021

$400,000

Public Record

Sold

Jun 3, 2014

$150,000

Public Record

Browse Properties by State Browse housing market trends by state