55
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Listed by Christopher Bath • Coast Realty
$2,490,000
Est. payment /mo
0.54 Acres Lot
Price Dropped by $260K
485 Morro AVE Morro Bay, CA 93442
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC25220419
Style Ranch
Year Built 1930
Lot Size 0.543 Acres
Source California Regional MLS
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. 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
Interior
Heating Wall Furnace
Cooling None
Laundry Other
Exterior
Parking Features Carport , Garage, RV Access, Other
Garage Spaces 2.0
Pool None
View Bay, Other
Roof Type Shingle,Composition
Building
Foundation Raised
Water District - Public
Architectural Style Ranch
Others
Tax ID 066171002
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