541 Yerba Buena Street, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 3 bath
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Morro Bay, California 93442
This Coastal Single Family Residence is a High-Potential Investment Opportunity, listed at $1,150,000—positioned well above the $1,031,959 Fair Market Value by 11%. While the price reflects a premium, the property offers Exceptional Ocean Views, a large deck, and a central vacuum system. With a Condition Rating of 4, the home provides a solid foundation for cosmetic modernization. Located near top-rated schools like Del Mar Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle upgrade.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 541 Yerba Buena Street Subject | $1,150,000* List Price | 3 | 3 | 1,895 | $545 | - |
A 410 Island Street Sold | $950,000 | 3 | 3 | 1,825 | $521 | 0.6 mi |
B 390 Nassau Sold | $875,000 | 3 | 2 | 1,505 | $581 | 0.4 mi |
C 2990 Fir Active | $1,049,000 List Price | 3 | 3 | 1,662 | $631 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this 29-year-old home is approaching the 30-year mark with mostly original features. The kitchen and wet bar contain dated oak cabinetry and tiled countertops typical of the mid-90s. While the property is well-maintained and functional, the age of the systems and the dated interior finishes require updates to meet modern standards.
Situated just three blocks from the shore, the home features expansive seamless windows and a large deck that capture stunning coastline and sunset views.
The inclusion of a chairlift and a central vacuum system provides enhanced convenience and accessibility for multi-level living.
Two separate garages offer significant space for beach gear, while the stucco exterior and tile roof ensure low-maintenance durability in a salt-air environment.
With a lot size of approximately 3,119 square feet, the property offers minimal yard space for gardening or extensive outdoor activities.
Built in 1995, the interior features like tiled countertops and older cabinetry may require modernization to meet current luxury market trends.
Enjoy Beautiful Morro Bay with fabulous White-Water Ocean Views from this Classic Beach Home located just 3 Blocks from the Ocean where you can live the Coastal Lifestyle in this lovely1895 +/- sq. ft. custom crafted 3 Bedroom, 2 Bath Home. The Great Room beautifully captures the Ocean Views with the large seamless windows, including a cozy Fireplace and Wet-Bar with a Slider door out to the large Deck where you can enjoy your morning coffee or a glass of wine to watch the breathtaking evening Sunsets at the sounds of waves! The open floor plan is perfect for entertaining Family & Friends and the large Kitchen is an ideal place to gather with a lovely Dining Area, Center Island, Tiled Countertops, Wood Cabinets, including more great views of the Ocean! The spacious Primary Bedroom Suite is enhanced with two Walk-in Closets, partial Ocean Views and an Ensuite Bath with a double Vanity, Jacuzzi Tub, and custom designed tiled Walk-in Shower. Other great features include a chairlift for convenient access up and down the stairs, including Central Vac system throughout. The two Guest Bedrooms are located on the downstairs entry level with a full Bath. There is plenty of room to store your Beach Gear with two separate Garages. The low maintenance exterior is enhanced with stucco and a tile roof, including an outdoor shower for those fun sandy beach days. Conveniently located close to Schools, Shopping, Restaurants, Golf, Parks, Pickleball, Tennis, Surfing, Kayaking, Bird Estuary, the Dog Park and a short walk to the Beach! A 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,895 | 1,505 | 74% |
| Lot Size | 3,119 | 4,000 | 28% |
| Price | $1.15M | $950.0K | 67% |
| Price per sq ft | $607 | $675 | 39% |
| Built year | 1995 | 1974 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 182 | 7% |
May 15, 2026
$1,150,000
Initial Listing
Jun 7, 2013
$599,000
Public Record