
Cayucos, California 93430
This Turnkey Coastal Condo is a Prime Investment Opportunity, listed at $1,199,000—positioned well below the $1,223,564 Fair Market Value by 2%. This valuation gap offers $24,564 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, the home boasts a remodeled kitchen, panoramic ocean views, and a private garage. Located steps from the beach in the Coast Unified district, this property is an ideal sanctuary for lifestyle-focused buyers or coastal investors seeking a move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 561 Lucerne Subject | $1,199,000* List Price | 2 | 2 | 1,396 | $876 | - |
A 557 Lucerne St. Active | $1,239,000 List Price | 2 | 2 | 1,396 | $888 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1980, the property is described as a turnkey, move-in ready home with a remodeled kitchen and updated finishes. Visual evidence of the bathroom shows a modern renovation with subway tile and a vessel sink, suggesting high-quality updates within the last 5 years that align with the 'Excellent' criteria.
The property boasts a front-row panorama of Estero Bay, Morro Rock, and the Cayucos Pier, offering high-value coastal scenery from the main living areas and a generous southwest-facing deck.
This move-in ready condo features a remodeled kitchen with modern finishes and professional management, ensuring a low-maintenance transition for the new owner.
Located within walking distance to both the beach and downtown Cayucos, the unit includes a rare combination of a private single-car garage plus an additional reserved parking space.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The two-story configuration with stairs may be a drawback for buyers with mobility concerns or those seeking the convenience of single-level living.
The $500 monthly association fee adds a significant ongoing cost to the property's carrying expenses, which may impact the overall affordability for some buyers.
Wake up each day to a front row panorama of Estero Bay, where the coastline from the Cayucos Pier to Morro Rock unfolds right outside your window. Just moments from the beach and a quick stroll to downtown Cayucos, this move in ready coastal two-story condo offers effortless living in one of the most scenic corners of San Luis Obispo County. From your elevated vantage point, the Pacific becomes part of your daily rhythm with rolling waves, sea breezes, and the glow of sunset stretching across the bay. The main living level is designed to showcase the view, with southwest facing windows that fill the space with natural light. A generous ocean view deck extends the living area outdoors, creating an ideal spot for morning coffee or evening meal. Inside, the living and dining spaces flow together around a gas fireplace, offering a warm retreat after beach walks or exploring nearby trails. The remodeled kitchen brings a fresh, modern feel with updated finishes, bar seating, and ample pantry storage while offering glimpses of Morro Rock. Downstairs, two comfortable bedrooms provide privacy and quiet, with full bathrooms conveniently located on each level. Great storage throughout the home ensures everything stays organized, whether you’re settling in full time or enjoying a coastal getaway. Each residence in this well kept six unit community includes a single car garage with indoor laundry plus an additional reserved parking space. The charming entryway welcomes you home and shared community landscaping is covered by the monthly HOA. With professional management overseeing the entire property, you can relax knowing the grounds and common areas are cared for year-round. Experience the best of Cayucos-by-the-Sea with this turnkey home, close to the ocean and your next adventure.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,396 | 996 | 67% |
| Lot Size | 1,616 | 996 | 67% |
| Price | $1.20M | $1.19M | 67% |
| Price per sq ft | $859 | $859 | 50% |
| Built year | 1980 | 1980 | 50% |
| HOA | $500.0 | $500 | 50% |
| Days on market | 19 | 101 | 33% |
May 18, 2026
$1,199,000
Initial Listing
Jul 14, 2006
$840,000
Public Record