480 Zanzibar, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 2 bath
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Morro Bay, California 93442
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $899,000—positioned well below the $940,412 Fair Market Value by 4%. This valuation gap offers $41,412 in Instant Equity for the buyer. Featuring a Gourmet Kitchen with cherry cabinetry and granite, the home maintains a Condition Rating of 3, ensuring a move-in ready experience. Located in the San Luis Coastal Unified district, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a peaceful, high-quality coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 480 Zanzibar Subject | $899,000* List Price | 3 | 2 | 1,756 | $536 | - |
A 390 Panay Sold | $857,000 | 3 | 2 | 1,584 | $541 | 0.3 mi |
B 390 Nassau Sold | $875,000 | 3 | 2 | 1,505 | $581 | 0.4 mi |
C 410 Island Street Sold | $950,000 | 3 | 3 | 1,825 | $521 | 0.6 mi |
D 541 Yerba Buena Street Active | $1,150,000 List Price | 3 | 3 | 1,895 | $607 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1977, the home features a significant renovation likely completed within the last 10-15 years. The gourmet kitchen includes cherry wood cabinetry and granite countertops, and the overall interior is well-maintained and move-in ready with updated flooring and windows.
The heart of the home features high-quality cherry wood cabinetry and granite countertops, seamlessly connecting to the living area for a modern, social atmosphere.
Situated in a desirable North Morro Bay neighborhood, the property offers excellent proximity to beaches, Morro Rock, and local outdoor recreation.
The inclusion of a bedroom and bathroom on the main level provides essential flexibility for guests, home offices, or those seeking long-term accessibility.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2400, living area = 1756.
At 2,400 square feet, the lot is relatively compact for a single-family home, which may restrict private outdoor yard space and gardening potential.
While the property offers views of Morro Rock, they are characterized as 'peek-a-boo,' which may not meet the expectations of buyers seeking full, unobstructed ocean vistas.
Discover the best of coastal living in this beautifully crafted 3-bedroom, 2-bath home located in one of North Morro Bay's most desirable neighborhoods. Offering approximately 1,756± square feet of thoughtfully designed living space, this home combines comfort, quality, and timeless style. The heart of the home is the gourmet kitchen, featuring rich cherry wood cabinetry, granite countertops, abundant workspace, and an inviting dining area that seamlessly opens to the spacious living area—perfect for entertaining family and friends or enjoying everyday coastal living. The flexible floor plan includes one bedroom and a ¾ bath on the main level, with two additional bedrooms upstairs. A view of the Morro Bay Rock from additional bedroom upstairs.A spacious two-car garage provides ample storage for vehicles and all your beach gear. Clean curb appeal reveals the low-maintenance stucco exterior. Located in the charming town of Morro Bay, you'll be just minutes from sandy beaches, fresh seafood restaurants, boutique shops, and the iconic Morro Rock. This peaceful coastal community offers the perfect balance of small-town charm and outdoor adventure, from kayaking in the bay and surfing to hiking scenic coastal trails, golfing, birdwatching, pickleball, and tennis. Nestled in a quiet neighborhood, this property offers a peaceful retreat while keeping you close to all the Central Coast has to offer. Whether you're searching for a full-time residence, vacation getaway, or investment opportunity, this exceptional North Morro Bay home offers thoughtful design, quality finishes, and the coastal lifestyle you've been dreaming of. Schedule your private showing today and discover your own slice of paradise in beautiful Morro Bay!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 6.1 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,756 | 1,700 |
| Lot Size | 2,400 | 4,000 |
| Price | $899.0K | $1.01M |
| Price per sq ft | $512 | $655 |
| Built year | 1977 | 1978 |
| HOA | $0 | $0 |
| Days on market | 27 | 78 |
Jun 25, 2026
$899,000
Initial Listing