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Exploring Morro Bay Real Estate: Current Listings and Buyer Insights

  • Writer: Justin Stoner
    Justin Stoner
  • Jan 12
  • 3 min read

If you’re exploring real estate in Morro Bay, you’re in for a treat. With a mix of coastal charm, stunning views, and a variety of property options, the market here has something for everyone. Here’s a closer look at four current listings, along with key insights for buyers.


Morro Bay real estate investment potential

  1. Details:

    • Price: $799,000

    • Bedrooms/Bathrooms: 2/1

    • Square Footage: 806 sq ft

    • Lot Size: 4,500 sq ft

    • Price per Sq Ft: $991.32

    • Year Built: 1958

  2. Highlights:

    • Updated interiors with luxury vinyl flooring, new gas range, and modernized HVAC and electrical systems.

    • Large lot with potential for expansion in the desirable Morro Heights neighborhood.

    • Panoramic ocean views and proximity to Cerrito Peak, trails, parks, and the Embarcadero.

  3. Buyer Insights:

    • Ideal for those seeking a move-in-ready home with the possibility of future additions.

    • Premium pricing emphasizes the unbeatable views and location rather than property size.



  • Details:

    • Price: $950,000

    • Bedrooms/Bathrooms: 3/2

    • Square Footage: 1,782 sq ft

    • Lot Size: 2,400 sq ft

    • Price per Sq Ft: $533.11

    • Year Built: 1994

  • Highlights:

    • Two-story home with custom features, including a master suite with balcony views of Morro Rock and the Pacific.

    • Low-maintenance landscaping with drought-tolerant plants.

    • Recently tented for termites; fireplace needs repairs.

  • Buyer Insights:

    • A great option for families or buyers seeking space with ocean views.

    • Competitive pricing per sq ft reflects the home’s size and features.

    • Ensure inspection and budgeting for minor repairs before purchase.



  • Details:

    • Price: $879,000

    • Bedrooms/Bathrooms: 3/2.5

    • Square Footage: 1,584 sq ft

    • Price per Sq Ft: $554.92

    • Year Built: 1991

    • HOA Fees: $576.15/month

  • Highlights:

    • Located in the Bayshore Village community, offering amenities like a pool, spa, and clubhouse.

    • Adjacent to Morro Bay State Park, golf course, and kayaking opportunities.

    • Popular floorplan with garage access to the kitchen.

  • Buyer Insights:

    • Perfect for those seeking a community-focused living experience with luxurious amenities.

    • Proximity to outdoor activities adds appeal for active buyers.

    • Higher HOA fees should be considered in the overall budget.



  • Details:

    • Price: $599,000

    • Bedrooms/Bathrooms: 2/1

    • Square Footage: 745 sq ft

    • Lot Size: 745 sq ft

    • Price per Sq Ft: $804.03

    • Year Built: 1977

    • HOA Fees: $330/month

  • Highlights:

    • Condo just steps from the Embarcadero, downtown, and water activities.

    • Features a private yard and one carport parking space.

    • Offers privacy in a central location.

  • Buyer Insights:

    • Affordable option for first-time buyers or as a vacation retreat.

    • Compact size and shared walls may not suit those seeking more space or privacy.

    • Excellent location for walkability and access to recreational activities.


What This Means for Buyers

Morro Bay’s real estate market showcases diverse options, from cozy bungalows to spacious family homes and community-centric condos. Here are some key takeaways:

  • Budget vs. Lifestyle: Premium price per square foot in Morro Bay reflects the value of ocean views and proximity to the coast. Buyers should align their priorities with their budgets.

  • Condition and Repairs: Always inspect properties thoroughly. Listings like 380 Rennell St with known issues may require additional investments.

  • Future Potential: Properties such as 560 Olive St offer opportunities for expansion, making them great long-term investments.

  • HOA Considerations: For listings with HOA fees, like 177 Sandpiper Ln and 490 Morro Ave, assess whether the amenities add value to your lifestyle.


Ready to explore Morro Bay properties further? Contact me to schedule a tour and find your dream coastal home!

 
 
 

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House Hunting with Justin

REALTOR® Central Coast CA | Central Valley CA

CENTRAL COAST SOTHEBY'S INT'l REALTY

DRE #02208362

(805) 440-8104

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