
Morro Bay, California 93442
This Spacious Coastal Residence is a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,226,718 Fair Market Value by 6%. This valuation gap provides $76,718 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the home features a Gourmet Kitchen with professional-grade appliances and a Rooftop Deck offering iconic views of Morro Rock and the Pacific. Located in the prestigious San Luis Coastal Unified district, this property balances financial upside with a turnkey lifestyle. It is an ideal match for Owner-Occupants or Lifestyle Buyers seeking immediate coastal value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 594 Kings Subject | $1,150,000* List Price | 3 | 3 | 2,059 | $596 | - |
A 987 Allesandro Sold | $950,000 | 4 | 3 | 1,724 | $551 | 0.2 mi |
B 590 Downing Street Sold | $965,000 | 3 | 3 | 1,890 | $511 | 0.8 mi |
C 226 Bradley Sold | $1,400,000 | 3 | 4 | 2,393 | $585 | 0.6 mi |
D 1341 Clarabelle Drive Sold | $950,000 | 3 | 3 | 1,673 | $568 | 1.0 mi |
E 1340 Prescott Drive Sold | $815,000 | 3 | 2 | 1,291 | $631 | 1.0 mi |
F 1000 Ridgeway Active Under Contract | $1,250,000 List Price | 3 | 3 | 2,017 | $620 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2009, this property falls within the 10-20 year age range for a 'good' condition rating. The home is move-in ready and exceptionally well-maintained, featuring a gourmet kitchen with a professional-style gas range, granite countertops, and stainless steel appliances. While the finishes like the slate backsplash and wood cabinetry are high-quality and functional, they reflect the original construction era rather than a recent full-scale renovation required for an 'excellent' score.
The property features a rooftop deck that provides exceptional views of Morro Rock, the Pacific Ocean, and the coastline, a highly sought-after feature in this market.
The kitchen is a standout highlight, featuring a professional-style gas range, breakfast bar, and ample storage, making it ideal for both daily use and entertaining.
Situated in the desirable Morro Heights area, the home offers convenient proximity to downtown Morro Bay, the Embarcadero, and local beaches.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5664, other record lot size in square feet = 3044.
The outdoor space is designed for low maintenance, which may be a drawback for buyers seeking a traditional backyard, garden, or significant private green space.
With a rooftop deck and a layout that separates living areas from bedrooms, the home likely involves multiple staircases, which may not suit buyers with mobility concerns.
Spacious Morro Bay home offering over 2,000± sq ft with a layout that works well for both everyday living and time spent with family or guests. The home features good natural light and a functional separation between living areas and bedrooms. The kitchen is a standout feature—spacious and well-equipped with a professional-style gas range, breakfast bar, and ample storage. It connects easily to the main living space, creating a practical flow without feeling closed off. A rooftop deck adds another layer to the home, offering views of the ocean, Morro Rock, and the stacks Outdoor space is simple and easy to maintain, making it a good fit for buyers looking for something low maintenance. Located with convenient access to downtown Morro Bay, the Embarcadero, and local beaches.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 2,059 | 1,482 | 76% |
| Lot Size | 5,664 | 4,000 | 76% |
| Price | $1.15M | $950.0K | 63% |
| Price per sq ft | $559 | $677 | 29% |
| Built year | 2009 | 1972 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 186 | 2% |
Apr 13, 2026
$1,150,000
Initial Listing
Aug 28, 2015
$280,000
Public Record