
Morro Bay, California 93442
This Single-Level Residential Asset presents a Strong Value Opportunity, listed at $1,650,000—positioned well above the $1,507,848 Fair Market Value by 9%. While the property requires modernization, its Fair Condition Rating is offset by Spectacular Bay Views and a spacious 2,370 sqft floor plan. The home features original craftsmanship, including cedar-lined closets and a unique indoor barbecue. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to renovate a classic coastal home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 Alta Court Subject 3 bd · 2 ba · 2,370 sqft · $636 | $1,650,000* List Price | 3 | 2 | 2,370 | $636 | - |
A 331 Fresno Sold 4 bd · 4 ba · 2,880 sqft · $538 · 0.1 mi | $1,550,000 | 4 | 4 | 2,880 | $538 | 0.1 mi |
B 1000 Ridgeway Sold 3 bd · 3 ba · 2,017 sqft · $645 · 0.4 mi | $1,300,000 | 3 | 3 | 2,017 | $645 | 0.4 mi |
C 436 Morro Sold 3 bd · 3 ba · 2,875 sqft · $626 · 0.5 mi | $1,800,000 | 3 | 3 | 2,875 | $626 | 0.5 mi |
D 409 Tulare Avenue Active 3 bd · 2 ba · 2,132 sqft · $680 · 0.3 mi | $1,450,000 List Price | 3 | 2 | 2,132 | $680 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968 (56 years old) and appearing to be in mostly original condition, the property is well-maintained but significantly dated. Interior photos show original wood paneling, popcorn ceilings, vintage light fixtures, and 1960s-era stone masonry. While functional and clean, the kitchen and bathrooms require full modernization to meet current market expectations for this price point.
The property features expansive windows that frame breathtaking views of Morro Bay from the kitchen, dining area, living room, and primary suite, providing a premium coastal living experience.
Offering 2,370 square feet of living space on a single level, the home provides an accessible and functional floor plan highlighted by vaulted ceilings in the family room and a private front courtyard.
The home boasts enduring construction details including cedar-lined closets throughout, a classic fireplace, and a unique indoor barbecue, reflecting a level of character and permanence often missing in modern builds.
Built in 1968 and retaining its 'original charm,' the home likely requires cosmetic updates and modernization in the kitchen and bathrooms to meet the expectations of contemporary luxury buyers.
While the front courtyard is a highlight, the backyard space is described as a convenient area for pets, suggesting a smaller or narrower outdoor footprint that may limit extensive landscaping or large-scale entertaining.
Tucked away on a quiet cul-de-sac in Morro Bay, this spacious single-level home offers timeless character, quality craftsmanship, and breathtaking views of the bay. The home retains its original charm, with generous living spaces, expansive windows, and a sense of warmth and permanence that is increasingly hard to find. A welcoming front courtyard creates a lovely first impression and provides a peaceful outdoor retreat. Inside, large windows frame spectacular bay views from the kitchen, dining area, and living room, bringing the beauty of the coast into everyday life. A fireplace anchors the living room, while an indoor barbecue adds a distinctive touch of vintage character. The thoughtful floor plan offers comfortable spaces for both gathering and quiet relaxation. The family room is a standout feature, with vaulted ceilings, direct courtyard access, and some of the most impressive views in the home. The spacious guest bathroom features dual sinks and a generously sized shower, while another bedroom offers backyard access and beautiful views. The primary suite enjoys lovely bay views, two cedar-lined closets, and a private three-quarter bath. Cedar-lined closets throughout the bedrooms are another thoughtful detail that reflects the home’s quality construction. Additional highlights include a dedicated laundry room, substantial attic storage, and an attached two-car garage. A convenient outdoor area along the back of the home provides space for pets, complemented by a lemon tree. With its classic architecture, spacious single-level design, and remarkable views, 740 Alta Court is a special opportunity to enjoy the enduring beauty and relaxed lifestyle of Morro Bay.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 2.4 |
| Square foot | 2,370 | 1,617.875 |
| Lot Size | 6,400 | 3,978.5 |
| Price | $1.65M | $1.02M |
| Price per sq ft | $696 | $625 |
| Built year | 1968 | 1979 |
| HOA | $0 | $135 |
| Days on market | 9 | 62 |
Oct 15, 2026
$1,650,000
Initial Listing
Mar 17, 2000
$445,000
Public Record