390 Panay, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 2 bath
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Morro Bay, California 93442
This Renovated Seaside Residence is a Strong Value Opportunity, listed at $859,000—positioned well below the $892,254 Fair Market Value by 3%. This valuation gap provides $33,254 in Instant Equity. Boasting an Immaculate Condition Rating, the home features a high-end Quartzite Kitchen, luxury vinyl flooring, and a Converted Attic for expanded living space. With Peek-A-Boo Ocean Views and access to Top-Rated Schools like Del Mar Elementary, this turnkey property is a premier choice for Owner-Occupants or Lifestyle-Driven Buyers seeking a coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 390 Panay Subject | $859,000* List Price | 3 | 2 | 1,584 | $563 | - |
A 449 Panay Sold | $839,000 | 3 | 3 | 1,240 | $677 | 0.1 mi |
B 2637 Laurel Avenue Sold | $970,000 | 3 | 3 | 1,600 | $606 | 1.0 mi |
C 2695 Hemlock Avenue Sold | $905,000 | 3 | 3 | 1,477 | $613 | 0.9 mi |
D 410 Island Street Active Under Contract | $965,000 List Price | 3 | 3 | 1,825 | $529 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1970, the property has undergone extensive recent renovations, featuring a high-end remodeled kitchen with Quartzite countertops, custom cabinetry, and stainless steel appliances. The interior is in immaculate condition with newer luxury vinyl flooring, fresh carpeting, and a converted attic, meeting the standards for a fully renovated home.
The home features a high-end remodeled kitchen with Quartzite countertops and custom cabinetry, complemented by newer luxury vinyl flooring and fresh carpeting throughout.
The property offers desirable ocean and hillside views and is ideally situated just minutes from the beach, downtown Morro Bay, and Cayucos.
A converted attic provides valuable additional interior square footage, offering more functional space than a standard 1970s layout.
With a lot size of only 2,400 square feet, the outdoor space is quite compact, which may limit gardening or expansion opportunities.
The property's proximity to Highway 1 provides convenient access but may result in audible traffic noise that could affect the serenity of the coastal retreat.
North Morro Bay Sanctuary: Ocean Views & Modern Comfort! Welcome to your private coastal retreat in North Morro Bay. This immaculate 3-bedroom, 2-bathroom home captures the relaxed Central Coast lifestyle, offering ocean and hillside views just minutes from the beach. Inside, you'll find a beautifully remodeled kitchen complete with Quartzite countertops, custom cabinetry, and stainless steel appliances. Newer luxury vinyl flooring and fresh carpeting run throughout the living spaces, and the attic has been converted to provide additional interior space. Ideally situated for peace and quiet, the property sits back from the road to provide a serene setting while maintaining quick access to Highway 1. Spend your evenings unwinding with sunsets that paint the sky or enjoying the cool coastal fog. The low-maintenance yard is designed for ease, leaving you plenty of time to explore Morro Bay’s dog beach, downtown, and nearby Cayucos. Whether you’re looking for a weekend getaway or a permanent seaside sanctuary, this home offers the best of coastal living in a truly tranquil package.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 5.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,584 | 1,482 | 59% |
| Lot Size | 2,400 | 4,000 | 29% |
| Price | $859.0K | $950.0K | 45% |
| Price per sq ft | $542 | $677 | 25% |
| Built year | 1970 | 1972 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 186 | 6% |
Mar 4, 2026
$859,000
Initial Listing
Mar 24, 1998
$169,000
Public Record