
Morro Bay, California 93442
This Modern Coastal Compound represents a High-Potential Investment Opportunity, listed at $2,950,000—positioned well above the $2,611,615 Fair Market Value by 12%. Featuring a Brand-New 2026 Construction with an Excellent Condition Rating, this property includes two 3BR/2.5BA duplex units and two 1BR/1BA ADUs. With Owned Solar, Separate Metering, and Partial Ocean Views, it offers significant operational efficiency. This turnkey asset is ideal for Buy-and-Hold Investors seeking high-yield income or Owner-Occupants desiring a versatile, multi-generational coastal legacy property.
Property is new construction or fully renovated.
This is a brand-new 2026 construction project. It features modern coastal finishes including quartz countertops, soft-close cabinetry, and contemporary kitchens. Systems are state-of-the-art, including owned solar and fire sprinkler systems, requiring no maintenance.
As a 2026 build, the property features modern coastal finishes, owned solar, and separate utility metering, ensuring low maintenance costs and high energy efficiency for owners.
The four-unit configuration consisting of two 3BR duplex units and two detached 1BR ADUs provides exceptional flexibility for multi-generational living or a high-yield investment portfolio.
Situated moments from downtown Morro Bay, the property offers partial ocean and coastline views from second-story balconies, capturing the highly desirable Central Coast lifestyle.
With an estimated completion date of June 2026, buyers face a significant waiting period before occupancy or income generation, along with typical risks associated with new construction delays.
Accommodating four separate units on a 6,300 square foot lot results in high density, which may limit private outdoor space and appeal to buyers seeking more traditional yard areas.
This rare, newly constructed coastal compound offers an exceptional opportunity to own a versatile four-unit property just moments from Main Street in the heart of beautiful Morro Bay. Designed for modern coastal living, multi-generational flexibility, or owner-occupied income potential, this turnkey property blends lifestyle, investment opportunity, and brand-new construction in one of the Central Coast’s most sought-after communities. The centerpiece is a stunning two-story duplex featuring two spacious residences of approximately 1,768 sq ft and 1,654 sq ft, each offering 3BR/2.5BA with thoughtfully designed open-concept floor plans ideal for everyday living and entertaining. Expansive kitchen, dining, and living spaces flow seamlessly together, while second-story balconies capture partial coastline views, ocean breezes, and beautiful sunsets. Interior finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and sleek contemporary kitchens with modern coastal styling throughout. Complementing the duplex are two detached 1BR/1BA ADUs, each approximately 526 sq ft, providing exceptional flexibility for guests, extended family, executive retreats, or rental income. Both ADUs feature second-story balconies, with one offering partial ocean views from both the bedroom and deck. Built with efficiency and peace of mind in mind, each unit is separately metered for utilities and water, includes owned solar, and is equipped with an individual fire sprinkler system reporting directly to the fire department. Located just minutes from downtown Morro Bay, local dining, shopping, and the waterfront, this unique property offers a rare chance to own a modern coastal legacy property with outstanding flexibility and income-producing potential. Estimated completion is June 2026. Photos will be updated as construction progresses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 5.0 | 50% |
| Baths | 8.0 | 4.0 | 75% |
| Square foot | 4,474 | 3,858 | 50% |
| Lot Size | 6,300 | 14,966 | 50% |
| Price | $2.95M | $2.12M | 75% |
| Price per sq ft | $659 | $600 | 50% |
| Built year | 2026 | 1930 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 223 | 25% |
Apr 30, 2026
$2,950,000
Initial Listing
Mar 4, 2013
$23,000
Public Record
Dec 27, 1996
$65,000
Public Record