401 Tahiti, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 2 bath
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401 Tahiti
Morro Bay, California 93442
ACTIVE
CONDITION: GOOD
2Beds
2Baths
720Sq Ft
3,000Lot Size
Property Price
LIST PRICE$824,900
EST. MARKET VALUE
$790,400
4% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $824,999—positioned slightly above the $790,062 Fair Market Value. While the property carries a premium, its Condition Rating of 3 reflects significant cosmetic updates, including modern flooring and cabinetry. The home features a versatile bonus room and stunning Mountain and Ocean Views, complemented by a Deck and Patio. Located near Del Mar Elementary (Rating 7), this property is an ideal fit for first-time buyers or coastal lifestyle seekers prioritizing a move-in ready home in Morro Bay.
Estimated Market Value
$790,400
Based on Realkey algorithm analyzing recent comparable sales in Morro Bay.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 401 Tahiti Subject | $824,900* List Price | 2 | 2 | 720 | $1,098 | - |
A 440 Luzon Sold | $759,000 | 2 | 1 | 748 | $1,015 | 0.3 mi |
B 440 Panay Sold | $735,000 | 2 | 2 | 880 | $835 | 0.2 mi |
C 350 Java Sold | $792,350 | 2 | 2 | 970 | $817 | 0.4 mi |
D 436 Yerba Buena Active Under Contract | $654,000 List Price | 2 | 1 | 680 | $962 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1962, the property has undergone significant cosmetic renovations including updated wood-look tile flooring, refreshed kitchen cabinetry, and modern bathroom tiling. The interior appears well-maintained, functional, and move-in ready, fitting the 5-15 year renovation profile.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Coastal Views
The property boasts desirable views of the ocean and mountains, providing a quintessential Morro Bay atmosphere that adds significant aesthetic and market value.
- Versatile Living Space
The inclusion of a flexible bonus room allows for a home office, guest area, or hobby space, maximizing the functional utility of the floor plan.
- Prime Coastal Location
Situated in North Morro Bay, the home offers excellent proximity to local beaches, waterfront dining, and outdoor recreation, ideal for a coastal lifestyle.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With only 720 square feet of living space, the home is quite compact, which may feel restrictive for buyers accustomed to larger residential layouts.
- High Price per Square Foot
The list price reflects a premium valuation exceeding $1,100 per square foot, which may be a concern for value-driven buyers given the property's 1962 vintage.
About 401 Tahiti
Welcome to beautiful Morro Bay! This charming 2-bedroom, 2-bathroom home offers a flexible floor plan with a bonus room that can serve as a home office, guest room, hobby space, or den. Enjoy comfortable coastal living with bright living spaces, a functional layout, and endless possibilities to fit your lifestyle. Conveniently located near Morro Bay's beaches, waterfront, shopping, restaurants, and outdoor recreation, this home is an excellent opportunity to enjoy the Central Coast. Don't miss your chance to make this versatile property your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Morro Bay Unified Schools
Del Mar Elementary School
Grades K-5 • 0.7 mi
7/10
Los Osos Middle School
Grades 6-8 • 6.0 mi
7/10
Morro Bay High School
Grades 9-12 • 1.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 720 | 1,586 |
| Lot Size | 3,000 | 4,168.955 |
| Price | $824.9K | $1.03M |
| Price per sq ft | $1.1K | $618 |
| Built year | 1962 | 1983 |
| HOA | $0 | $135 |
| Days on market | 49 | 57 |
Pricing History
Listed for Sale
Aug 22, 2026
$824,900
$824,999
+0% Price Increase
Initial Listing
Price Change
Jul 22, 2026
$824,999
Initial Listing
Sold
Nov 20, 2013
$355,500
Public Record
Sold
Feb 9, 1999
$155,000
Public Record