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Browse All Morro Bay CA Above $1M Properties for Sale

$1,600,000
SC23037389 MLS
Multi-Unit Property consisting of 3 buildings, 5 units total, currently netting over $70K with a cap rate of 4.4. The original structure is a 1951 single level, approx. 640 sq ft Cottage featuring 1 bedroom, 1 bath, updated with all new electrical, plumbing, drywall, LED recessed lighting, bamboo flooring, antique interior doors with new hardware and dual paned windows. The bathroom has been updated with tile floors, new shower enclosure, faucets and antique medicine cabinet and is renting for $1500/month. The 2nd structure built in 1976 consists of 2 units, each 2 stories with 2 bedrooms 1.5 baths, approx 950 sq ft each, featuring a deck, bamboo flooring, tile in the bath, dual paned windows, and each have a single car garage and additional assigned parking space and both rent for $1950/month each. The 3rd structure also built in 1976 consists of an upstairs single level 2 bedroom 1 bath unit approx 750 sqft, featuring a view deck, bamboo floors, dual paned windows, tile in the bath and a garage and rents for $2100/month. An unpermitted Studio was added by the former owner, featuring approx 300 sq ft with a new stove, noise reduction ceiling work, and rents for $1250/month. The middle garage was converted to shared laundry plus storage for the tenants in that structure. Too many upgrades and improvements to mention! Great investment opportunity, or live in one unit and rent out the others for income potential. Ideal location just minutes to the beach, the Embarcadero, great seafood and shopping.

2077 Sunset, Morro Bay

$1,299,000
2 Beds 3 Baths SC23029275 MLS
Location, location, location! Only seconds from the beach entrance, this 2-bedroom, 2.5-bathroom Beach Tract gem is in a coveted spot making it ideal for full time living or a vacation home. The panoramic views of the ocean, rolling hills, and the famous Morro Rock in the distance create an idyllic backdrop for outdoor entertaining or quiet relaxation. The interior boasts a spacious and well-designed layout, featuring 1500+ sq ft of living space, high ceilings, large windows, and an abundance of natural light that creates an airy and welcoming atmosphere. The main living area is the heart of the home, offering a seamless flow between the living room, dining area, and kitchen. This open concept design allows for easy entertaining and provides panoramic views of the surrounding natural beauty. The living room features a cozy fireplace, perfect for cozying up on cooler evenings. The master suite shares the same double-sided fireplace from the living room and has a large bathroom and closet, as well as a private deck off the side of the house. The open front patio, low maintenance landscaping, and oversized 2-car garage are ideal outdoor features. The property's location provides easy access to Morro Bay's renowned attractions, including beautiful beaches, hiking trails, and charming downtown shops and restaurants. Schedule your showing before this one is​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ gone!

165 Azure Street, Morro Bay

$2,095,000
3 Beds 4 Baths SC23072331 MLS
Brand-new hillside custom home with breathtaking views of the Pacific Ocean and the iconic Morro Rock. This home is the only brand-new residential property available within the City of Morro Bay, a pristine and highly-coveted seaside community conveniently located within a short drive of historic San Luis Obispo, luxurious Paso Robles wine country, the quaint surfing breaks of Cayucos Beach, and world-famous Hearst Castle! Boasting an ideal layout comprised of 2,485 sq ft of living space plus a 2-car garage, this home embodies upscale “California Coastal” living with a 3-stop elevator, two ensuites, and a fully-appointed Accessory Dwelling Unit (ADU). The top level is comprised of an open floor plan for the living, kitchen, and dining areas, with exceptional views throughout the entire space. The kitchen is outfitted with a quartz island, high-end fixtures and cabinetry, and a walk-in pantry. The balcony off the living room allows for an outdoor entertainment area with unobstructed coastline views. The primary bedroom is a luxurious oversized retreat with a scenic sitting area. The master bath is wheelchair accessible and features a free-standing oversized soaker tub with sweeping views of the hills and a large walk-in shower, with exquisite attention to detail throughout (both in form and function). Seller will provide credit for custom cabinetry in the primary walk-in closet to tailor to the buyer’s preferences. The middle level includes a spacious guest suite featuring an ocean view and an attached 3/4 bath with walk-in shower. This floor also contains a spacious laundry room loaded with storage cabinets and a 2-car garage with ample storage space. The lower level is a fully-loaded ADU with a separate entrance and elevator access. The elevator includes an access setting to only operate between the top two floors, if desired. The 1-bedroom ADU features a full kitchen, full bath, stackable W/D, separate A/C and heating unit, and an open living/dining area. There is also a 180 sq ft separate concrete space beneath the 2nd floor that can serve as a wine cellar or as additional storage space. The home is fully loaded with all modern amenities: a 4-station A/C, 2 tankless water heaters, solar panels, custom self-closing cabinet drawers, low-maintenance landscaping, oversized doors for wheelchair access, a gas hookup for a BBQ unit, and much more! DON’T MISS ON THIS RARE OPPORTUNITY TO LIVE THE CALIFORNIA DREAM!

556 Blanca St., Morro Bay

$1,199,000
4 Beds 3 Baths NS23029908 MLS
ENJOY COASTAL LIVING...in this Beautiful 4 Bedroom, 3 Bath Home with an Outstanding Location West of Hwy. 1, where you can conveniently walk to Downtown Shops, Fine Restaurants, the Embarcadero, the Beach & much more. Being the original Model Home for Sundancer Village Estates, you will find many custom quality features & upgrades displayed throughout. The Tuscany Style Gourmet Kitchen is a Cook's Delight appointed with Stainless Steel Appliances that are only 2 years old, Custom Cabinetry, Limestone Countertops & Walk-in Pantry including Copper Pendant Lighting over the Breakfast Bar. Another wonderful feature is the Whole House Water Filtration System that has so many health benefits to enjoy for the entire family for drinking water, cooking, bathing or washing clothes & more. The Great Room features solid engineered Wood Floors, Plantation Shutters, and a lovely Brick Fireplace with a raised hearth to warm yourself by the fire. On those Summer Days, you can enjoy a BBQ out on the Deck that is enhanced with Brazilian Hardwood & plumbed with natural gas. The Open Floorplan makes this home perfect for entertaining Family & Friends. The Spacious Master Suite features Crown Molding, Wood Floors & Walk-in Closet. The fabulous EnSuite Bath enjoys a Luxurious free-standing French Soaking Tub that is architecturally centered in front of a translucent Glass Block Window that filters in natural light, including a separate large Tiled Shower, Double Vanity Sinks, Linen Closet & Skylight. The Laundry is conveniently located upstairs, including a Guest Bedroom that is currently being used as an Office, and a beautiful large Guest Bath. The recently installed Stannah Chair lift makes it convenient for easy access. Downstairs are two more lovely Bedrooms & full Bath, including a 2 Car Garage, & Ring Doorbell System for Security. Enjoy low maintenance Landscaping with a new drip irrigation system. Other major improvements include a Solar System installed & fully paid for in 2020 where you will reap the benefits of great savings as our utilities continue to rise. Live by the Sea in Beautiful Morro Bay where you can spend Another Day in Paradise enjoying the beauty of the great outdoors with Boating, Fishing, Golf, Pickleball, Surfing, Birding or just a relaxing walk on the Beach watching our most Spectacular Sunsets! Seller is Motivated!! Call Your Realtor Today to Tour this Beautiful Well Loved Home!!

1225 Main Street, Morro Bay

$1,025,000
4 Beds 2 Baths SC23031835 MLS
With beaches for miles, coastal California weather, friendly residential neighborhoods, and a cute little commercial downtown area, it’s no wonder Morro Bay attracts people from all over. Here at 2426 Elm, you’ll enjoy convenient, walkable access to many local offerings including schools, groceries, fresh produce, and award-winning Mexican food! Not only does this 4-bedroom, 2-bathroom home on a quiet street serve as a launching pad to outdoor activities up and down the coast, but the 1,689 s. f. retreat on a 6,000 s. f. parcel also features upgrades you’ll want to see for yourself. From street level, first appreciate the mature front yard trees and tasteful landscaping leading up to an expansive, terracotta-tiled front porch before heading inside, where an open-concept kitchen and family living space greets you with a warm atmosphere ripe for conversation. Modern finishings, new Whirlpool appliances (2021), new furnace (2021) and an abundance of custom storage make 2426 Elm a turnkey opportunity perfect for buyers eager to move right in. Three well situated bedrooms line the main hallway and all three of which take full advantage of an oasis-like bathroom that you and your guests may never want to leave. Breezing through the well-lit kitchen once more, you will arrive at the south “wing” of the home that not only offers separate living, family, or multi-purpose space downstairs with beautiful, exposed wood ceilings, but also an easy flight upstairs to a private master suite featuring peek-a-boo views of our famous Morro Rock! Like the front yard, 2426 Elm’s backyard offers a relatively clean canvas for creative gardeners, hobbyists, and party hosts, and the 2-car garage with additional driveway parking should be more than enough to satisfy your storage, parking, and laundry needs. Whether you’re a longtime fan of Morro Bay or have been meaning to take a drive along scenic Highway 1, jump on this springtime opportunity to check out 2426 Elm for yourself. It might just be the perfect fit to call home!

2426 Elm Avenue, Morro Bay

$1,265,000
2 Beds 2 Baths SC22252253 MLS
The opportunity is now, single level beach living West of Hwy 1. A short walk to the sand every day sounds good doesn't it?! It is time to invest in a home in Morro Bay's Beachtract! An excellent offering here with fenced yard space on both sides of the home! An important note is the front yard is a perfect spot to enjoy your mornings and throughout the day with lovely southern sun exposure and the added benefit of the home blocking the Northwest winds keeping your outdoor space appealing and joyful. The interior of this home offers multiple family rooms and two spacious bedrooms! The Primary bedroom at some point had a wall removed in the middle to create a large room vs. two small bedrooms. The Bonus family room off the kitchen creates an open living area to the kitchen and back yard too! Speaking of the kitchen there is plenty of space to move about but a nice bonus is the top notch Wolf range and Sub Zero fridge! For the remodeler, opening up the wall to the front from the kitchen would be massively impactful down the road (pro-tip!) This being a corner lot has created a very large parking area adjacent the street plus area for your floating money pit aka the boat! The Morro Bay Beachtract is an amazing neighborhood that offers level streets for easy walking, biking and of course the gateway to the beach where you can hit the sand for miles and miles! Catch a sunset at your leisure anytime. Look at this property with the sense of both indoor and outdoor living and you'll understand the opportunity within. The property is currently a licensed vacation rental, but due to Morro Bay's current regulations the license is not transferable to a new owner, you would have to get on "the list". Rentals of 30 days or more do not need a license and this property can be sold fully furnished!

199 Sienna Street, Morro Bay

$1,095,000
3 Beds 3 Baths NS22235636 MLS
OWN A SLICE OF PARADISE...In Beautiful Morro Bay in this Lovely Custom Built Home located just 3 Blocks from the Beach! This spacious 3 Bedroom, 2.5 Bath Home features a nice Open Floor plan that flows into the large Gourmet Kitchen that is perfect for entertaining Family & Friends! Featuring Stainless Steel Appliances, Center Island, Tile Counters, and beautifully crafted Cherry Wood Cabinets. The Great Room opens up to an Outdoor Balcony where you can enjoy BBQ's or relax with a glass of wine. You can also snuggle up by the fire and enjoy the ambiance of the lovely Fireplace with Special Lighting designed to accent your favorite Artwork! Including a Wet-Bar, easy care Wood Laminate Flooring with wiring installed for Surround Sound & Mood Music. The spacious Master Suite is also enhanced with a Dual Fireplace, Accent Lighting and Prewired for Mood Music. Including 2 Walk-in Closets & Wood Laminate Flooring with a peek of the Ocean. The Fabulous Master Bath features a large Jetted Tub, beautiful tile Vanity and a large separate Shower. There is also a half Bath & separate Laundry Room upstairs. Downstairs you have two large Guest Bedrooms that are both Pre-wired with Ethernet & Mood Music including a lovely tiled full Bath, and storage under the stairs. Please look at Supplements to see the many fabulous Electrical Upgrades throughout the home & garages. Enjoy low Maintenance yards with room for a large Dog Run, it's own Sandbox, and front Garden Deck. Including two separate single Garages that are fully finished with plenty of room for storage, including special wiring for Mood Music & even Surround Sound in the west Garage. A Fabulous Location close to the Ocean, Shopping, Restaurants, and Parks with plenty of outdoor activities to enjoy such as Surfing, Golf, Hiking, Kayaking, Fishing, Birding, Pickleball, Tennis or just a relaxing walk on the Beach to enjoy the Sunset! Call Your Realtor for an Appt. Freshly Painted Exterior! Seller is Motivated! Bring an Offer and Live in Your Home by the Sea...in 2023!

520 Yerba Buena Street, Morro Bay

$1,339,000
3 Beds 2 Baths NS22227604 MLS
Fabulous turnkey home in the highly desirable Beach Tract of Morro Bay! Welcome to 195 Andros Street. Located just 2 blocks from the beach, this meticulously maintained property features an open and bright floor plan with lots of windows bringing in the light. As you enter this lovely home, you will immediately notice the beautiful luxury vinyl flooring. The comfortable living room opens nicely to the kitchen and dining area, perfect for gatherings or just relaxing by the fireplace. The well appointed kitchen features tile countertops, wood cabinetry and stainless steel appliances. The slider just off the dining area opens to a trex deck offering extended space for guests, a great place to dine alfresco or just soak up the sun. You will love the extra space this home has to offer located just off the dining area and living room. Currently used as a den, this area lends itself to many uses including an office, craft room, extra space for guests or? So many possibilities! The spacious main bedroom suite features a full bath and large closet. Down the hall you will find two more nice size bedrooms and a full guest bath with stackable washer and dryer. Another huge bonus to this property is the fantastic corner lot giving you more yard space and room for guest and RV parking. The outdoor space of this home offers you low maintenance landscaping and a fenced yard with gas stubbed in for an outdoor firepit. You will appreciate the renovations and upgrades made to this home in 2020 including plumbing, electrical, flooring, doors, trim and baseboards, smooth ceilings with recessed lighting throughout the house, new interior and exterior paint. roof and gutters as well as a new heater. The 2-car garage completes the package! The house is being offered fully furnished! Just minutes to downtown Morro Bay, The Embarcadero with its restaurants, wine-tasting, shops and art galleries and Morro Bay Golf course as well as a short drive to downtown San Luis Obispo, Cambria, Hearst Castle and the Elephant seals! Make an appointment with your favorite Realtor today to take a look at all this amazing property has to offer! You won't be disappointed! The Good Life starts here!

195 Andros Street, Morro Bay

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