Morro Bay, CA 93442,485 Morro AVE
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Morro Bay, CA 93442,485 Morro AVE
Morro Bay, CA 93442,485 Morro AVE
Morro Bay, CA 93442,485 Morro AVE
Morro Bay, CA 93442,485 Morro AVE
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Shakayla Gibson

Shakayla Gibson

Shakayla Gibson Real Estate

+1(213) 507-5392
$ 2,490,000
Est. payment /mo
Price Dropped by $260K

485 Morro AVE Morro Bay, CA 93442

3 Beds

3 Baths

3,242 SqFt


Open House

Sat Dec 13, 12:00pm - 3:00pm

Sun Dec 14, 12:00pm - 3:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,242 sqft

Price per Sqft $768

Subdivision Embarcadero(750)

MLS Listing ID SC25218818

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1930

Property Sub-Type Single Family Residence

Property Description

A Legacy Central California Coastal Property. Rare opportunity for investors, developers, or boutique builders to secure over half an acre (.54 acres / 23,632 sq. ft.) in the heart of Morro Bay with prime build-out possibilities. Potential for two separate lots, next to a City Park plus the option of acquiring an adjacent abandoned city street, create room for an expanded development footprint.

The 1930s residence offers 3,242 sq. ft. across two units, each with separate electric and gas meters. The main home includes 2 bedrooms and 2 baths with sweeping views of the bay and Morro Rock, while the secondary unit enjoys south-facing vistas across the park and waterfront.

Known locally as The Red House, the property is crowned by the storied crow's nest, one of Morro Bay's most recognizable architectural features. Whether redeveloped or preserved as a private estate, this is a once-in-a-lifetime opportunity blending history, views, and exceptional potential on California's Central Coast.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Rooms

Main Level Bedrooms 2

Interior

Interior Features Multiple Primary Suites

Heating Wall Furnace

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside

Exterior

Parking Features Carport, Garage, RV Access/Parking, See Remarks

Garage Spaces 2.0

Garage Description 2.0

Fence None

Pool None

Community Features Biking, Fishing, Marina

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Back Bay

Roof Type Composition,Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type House

Story 2

Entry Level Two,One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories Two, One

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 066171002

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

Virtual Tour https://shotsofspots.com/485-Morro-Ave-1/idx


CRMLS – RECore
Listed by Christopher Bath Coast Realty 805-801-0268
Shakayla Gibson
Shakayla Gibson

Agent | License ID: 02248854

+1(213) 507-5392 | shakaylagibsonrealestate@gmail.com

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485 Morro AVE