Just steps from the water and minutes from the Morro Bay Embarcadero, this one-of-a-kind property offers luxury living across three unique homes with breathtaking ocean and bay views. Whether you're seeking an expansive family retreat or investment potential, this exceptional estate delivers it all. Spanning 4,000 +/- sq. ft., the custom-built primary home boasts five bedrooms, three full and one-half bathrooms. The main living area offers ultra-high vaulted ceilings, engineered oak wood flooring, and floor-to-ceiling windows that flood the space with natural light and showcase sweeping bay and ocean views. In the great room, cozy up by the gas fireplace, framed with stone tile and a wooden hearth, and enjoy stunning vistas from three Juliet balconies. A charming brick façade accent wall complements the chandelier-lit dining space, with built-in storage behind decorative French doors. The gourmet kitchen is equipped with high-end appliances such as a Wolf 10-burner range, and GE Monogram refrigerator. The kitchen also features marble and butcher block countertops, custom cabinetry, and built-in pantry shelving. Unwind in the primary bedroom retreat with a gas fireplace, dual walk-in closets, and luxurious carpet flooring. The ensuite bath includes a soaking tub with marble surround, a seated vanity, and a custom-tiled shower. Upstairs, a versatile bonus room with beamed ceilings offers sweeping views of the bay and ocean. Built-in desks, shelves, and drawers make it perfect for a home office or lounge area. Two additional bedrooms feature beamed ceilings and plenty of storage. The lower level includes two more guest bedrooms, each with brick façade accents and gas fireplaces, plus a mudroom with a built-in sink. French doors open to a private patio with low-maintenance landscaping and mature trees. Two additional homes each offer two bedrooms and one bathroom in 1,000 +/- sq. ft. of living space. Both homes feature engineered oak wood flooring, gas fireplaces, ocean views, upgraded kitchens, and enclosed backyards. The property was completely rebuilt in 2008 with steel post and beam construction, sound barriers, and PEX plumbing. Additional highlights include a dumbwaiter, German technology tilt & turn windows and doors, copper exterior details, plus three single-car garages. With stunning views, premium finishes, and close proximity to Morro Bay’s best attractions, this estate offers a unique opportunity for luxurious coastal living.
Price reduced! Historical photos added! This can be your opportunity to purchase 12 residential apartment units and a rentable storage garage in Morro Bay just blocks from the beach. This is a single level building that requires low maintenance, has a shared laundry facility, a dedicated carport parking space for 11 of the 12 units, and it's incredibly convenient location, make this complex desirable for owners and tenants alike. The complex is in close proximity to parks, trails, restaurants, a gas station, grocery stores, schools, and public transportation, which makes it easy for residents to enjoy the Central Coast lifestyle. Monthly income has remained steady and predictable for years, as these units rent very quickly. There are eleven studio apartments and one 1-bedroom apartment in the complex, and there is also an additional, rentable garage unit (currently rented), which combine to generate solid monthly revenue across the 12 units. Each residential unit is equipped with a separate kitchen, medium-sized refrigerator, range oven, full bathroom, beam ceiling, and a wall heater. Zoned Commercial-Visitor Serving (C-VS) but fully occupied with long-term tenants, this conveniently located parcel sits on Atascadero Road within the city limits of Morro Bay, providing easy access to Highway 41, Highway 101, and scenic Highway 1. Buyers seeking a well located, turnkey income opportunity can look forward to years of successful ownership, while opportunities abound for those considering redevelopment in the near or distant future. As always, please check with Morro Bay Community Development for zoning and building allowances, and act fast. Easy, multi-unit complexes like this one don't last long! New Water Heater installed on 5/22/2024.
Morro Bay is located in California. Morro Bay, California has a population of 10,785. Morro Bay is less family-centric than the surrounding county with 24.49% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Morro Bay, California is $80,808. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Morro Bay is 51.3 years.
The average high temperature in July is 69.8 degrees, with an average low temperature in January of 44.3 degrees. The average rainfall is approximately 19 inches per year, with 0 inches of snow per year.
