
Morro Bay, California 93442
This 3-bedroom, 2-bath Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,450,000—positioned above the $1,308,684 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and prime Morro Heights location offer significant upside. Featuring panoramic ocean and Morro Rock views, a private deck, and original architectural character, the home provides a unique canvas for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a coastal asset in a premier neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 409 Tulare Avenue Subject | $1,450,000* List Price | 3 | 2 | 2,132 | $614 | - |
A 594 Kings Sold | $1,100,000 | 3 | 3 | 2,059 | $534 | 0.3 mi |
B 331 Fresno Sold | $1,550,000 | 4 | 4 | 2,880 | $538 | 0.2 mi |
C 436 Morro Sold | $1,800,000 | 3 | 3 | 2,875 | $626 | 0.7 mi |
D 245 Driftwood Street Active | $1,700,000 List Price | 4 | 3 | 2,674 | $636 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952 with interior renovations (kitchen cabinetry, tile counters, and flooring) that appear to be 20-30 years old. While the home is very well-maintained and move-in ready, the finishes are dated, and the listing explicitly notes the opportunity for updates and improvements.
The property offers striking, unobstructed views of Morro Rock and the Pacific Ocean, highlighted by large picture windows in the primary suite and multiple private balconies.
Situated in the highly sought-after Morro Heights neighborhood, the home benefits from a prestigious coastal setting known for its desirability and established community feel.
Retaining its 1952 charm, the residence features distinctive elements such as wood-beamed ceilings, original wood flooring, and custom stained glass windows that provide significant personality.
The home is in largely original condition and will likely require a substantial investment in updates to the kitchen, bathrooms, and systems to meet modern luxury standards.
With only a single-car garage, the property may not meet the needs of multi-vehicle households or those requiring significant enclosed storage space.
With beautiful ocean views and a location in Morro Bay’s desirable Morro Heights neighborhood, this 3-bedroom, 2-bath home offers a wonderful combination of character, space, and potential. Originally built in 1952, the home retains the warmth and personality of its era while offering an opportunity to update and create a home that reflects your own style. The main level centers around a generous living room, kitchen, and dining area, with large windows bringing in natural light and coastal views. Tile flooring runs throughout the main living spaces, while the kitchen opens naturally to the dining area, creating an inviting setting for everyday living and gatherings. Just beyond the dining area, an outdoor deck with a windbreak provides a peaceful place to enjoy the ocean outlook. Upstairs, three well-appointed bedrooms feature wood flooring and wood-beamed ceilings, each with its own character. The primary bedroom is filled with abundant natural light through full picture windows, offering striking views of Morro Bay and Morro Rock, along with a walk-in closet. Another bedroom features a stained glass window and opens to a private balcony with ocean views, while the third offers additional stained glass windows and abundant storage. A full bathroom and dedicated office complete the upper level. Outside, a landscaped backyard and paved patio create additional space for gardening, gathering, or simply enjoying the coastal setting. A single-car garage, additional parking space, and basement storage add practical value. With its ocean views, established Morro Heights setting, character-filled spaces, and room to make thoughtful improvements, this is an opportunity to create something special in one of Morro Bay’s most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,132 | 1,586 |
| Lot Size | 5,000 | 4,168.955 |
| Price | $1.45M | $1.03M |
| Price per sq ft | $680 | $618 |
| Built year | 1952 | 1983 |
| HOA | $0 | $135 |
| Days on market | 5 | 57 |
Sep 4, 2026
$1,450,000
Initial Listing
Feb 14, 2006
$835,000
Public Record
Nov 4, 2003
$610,000
Public Record
Oct 17, 2000
$457,000
Public Record