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$ 2,750,000
Est. payment /mo
Active
485 Morro Avenue Morro Bay, CA 93442
2 Beds
3,242 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,242 sqft
Price per Sqft $848
MLS Listing ID CRSC25220419
Bedrooms 2
HOA Y/N No
Year Built 1930
Lot Size 0.543 Acres
Acres 0.54
Property Sub-Type Duplex
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 potential. 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
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Inside
Exterior
View Y/N true
View Bay, Other
Total Parking Spaces 2
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 066171002
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Listed by Christopher Bath • Coast Realty
