
Morro Bay, California 93442
This Turnkey Coastal Condo is a High-Potential Investment Opportunity, listed at $549,000—positioned above the $445,748 Fair Market Value. While the list price exceeds the current valuation, the property offers a Turnkey Condition Rating with high-end kitchen upgrades and a new roof. Its prime location near the Embarcadero provides significant lifestyle value for those seeking a low-maintenance retreat. This property is an ideal acquisition for Second-Home Buyers or Coastal Lifestyle Seekers looking for a move-in ready, well-managed retreat in Morro Bay.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 490 Morro Subject | $549,000* List Price | 1 | 1 | 530 | $841 | - |
A 645 Morro Avenue 2c Sold | $464,500 | 1 | 1 | 631 | $736 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1978, the interior has undergone a high-end, recent renovation making it turnkey. The kitchen features modern custom cabinetry and premium Electrolux induction appliances, and the bathroom is fully updated with a walk-in shower. Major building systems have also been addressed with a new roof and recent exterior paint.
Situated just a one-minute walk from the Embarcadero, the property offers exceptional proximity to the waterfront, dining, and recreational activities like kayaking and coastal trails.
The interior is in excellent condition with a high-end kitchen featuring Electrolux induction appliances and custom cabinetry, while the HOA has recently completed major exterior updates including a new roof and paint.
Despite its size, the unit provides significant convenience with an in-unit washer/dryer, a walk-in closet, a designated covered carport, and private storage for beach and outdoor gear.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =530, other record lot size in square feet = 1120. Living area discrepancy between mls listing and other public or private record. mls listing living area = 530, other record living area = 1122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
At only 530 square feet, the compact footprint may be restrictive for full-time residents or those requiring additional space for guests and home office needs.
The property offers 'peek-a-boo' views rather than full, unobstructed vistas of the bay or Morro Rock, which may impact its competitive appeal compared to premium waterfront units.
Set on the edge of the Embarcadero, this turnkey Morro Bay condo puts you just a one-minute walk from the waterfront and minutes from the best of Morro Bay. Step out to the front of the complex and take in beautiful views of Morro Rock, with Franklin Riley Park across the street, Tidelands Park and playground nearby, and easy access to the harbor, waterfront dining, coffee shops, art galleries, kayaking, paddleboarding, coastal trails, the Main Street Farmers Market, Morro Bay Golf Course, Morro Bay State Park, and the Museum of Natural History. Inside, this 1-bedroom end-unit condo is bright, inviting, and in excellent condition, with abundant natural light and peekaboo views of the bay and Black Hill. The living area features an electric fireplace, creating a comfortable place to unwind after a day by the water. The kitchen is well appointed with custom cabinetry, soft-close drawers, a large single-basin sink, and an Electrolux range with induction cooktop. The bedroom includes a walk-in closet, while the bathroom features a large walk-in shower and a stacked washer and dryer for everyday convenience. The condo also includes a designated covered carport directly below the unit, offering easy access, plus private storage space for beach gear, golf clubs, bikes, or weekend essentials. The HOA has been well managed, with recent exterior improvements including fresh paint, a new roof, new railings, and other updates throughout the property. Whether you’re looking for a low-maintenance coastal getaway, a convenient second home, or a quiet Morro Bay retreat to escape the heat of the valley or the pace of the city, this condo is ready to enjoy from day one.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 18% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 530 | 1,080 | 9% |
| Lot Size | 530 | 1,080 | 9% |
| Price | $549.0K | $585.0K | 36% |
| Price per sq ft | $1.0K | $572 | 91% |
| Built year | 1978 | 1984 | 36% |
| HOA | $300.0 | $464 | 9% |
| Days on market | 0 | 148 | 9% |
May 28, 2026
$549,000
Initial Listing
Apr 28, 2015
$450,000
Public Record
Jul 15, 1999
$195,000
Public Record