331 Panay Street
Morro Bay, CA 93442
- 2 beds
- 1 bath
- 442 sqft
- 2,400 sqft lot
- $1,278 per sqft
- 1940 build
- – on site
Incredible investment opportunity! Recently renovated beach bungalow with ocean views in highly desirable North Morro Bay. Perfect for an investment, beach home, or the starting point for a beautifully designed custom home. Included in the sale are renderings of a potential future 2BR / 2BA home (approx 1200 sf) with a garage, attached 700 sf ADU and rooftop deck - taking full advantage of ocean and hillside views. Step inside to discover a thoughtfully updated interior, featuring renovated kitchen & bathroom with painted wood cabinets and beautiful epoxy countertops. The open layout creates a warm and inviting atmosphere, ideal for relaxation. Recent upgrades include all new: roof, windows & doors, electrical, plumbing, flooring, (3) wall heaters, paver patio, paver entry path, deck, gutters, patio cover, storage shed, interior & exterior paint. Whether you're enjoying your morning coffee on the porch or hosting a gathering on the spacious patio, the outdoor spaces are designed to enhance your connection with nature. The fenced front and back yards offer privacy and ample space for gardening or future development. For added convenience, the home includes two outdoor storage sheds (one is built to support a roof top deck - check with the city for potential ADU conversion), washer
Last checked:
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Checking…
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Last updated May 7, 2025
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MLS# CRPI25021064 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1940
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Building Area Units:Square Feet
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Architectural Style:Bungalow
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Stories:1
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Levels:One Story
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Window Features:Double Pane Windows
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Building Area Total:442
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Building Area Source:Assessor Agent-Fill
Interior
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Interior Features:Breakfast Bar
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Kitchen Features:Breakfast Bar
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Flooring:Vinyl
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:442
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Living Area Units:Square Feet
Location
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Directions:From San Luis Obispo: Take hwy 1 North to Morro Ba
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:065051015
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Zoning:R1
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Lot Size Area:0.0551
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Lot Size Acres:0.0551
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Lot Size SqFt:2400
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Lot Size Units:Acres
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View:Mountain(s)
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View:true
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:105.06
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Listing Terms:Other
Heating & Cooling
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Heating:Wall Furnace
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:Sewer Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Laundry Features:Gas Dryer Hookup
Schools
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High School District:San Luis Coastal Unified
The Community
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Association:false
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Association Amenities:Dog Park
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# of Units In Community:1
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Pool Private:false
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Pool Features:None
Parking
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Garage:false
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Parking Total:3
Monthly cost estimate
Asking price
$565,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,025
|
| Taxes | N/A |
| Insurance | $155 |
| Utilities | $123 See report |
| Total | $3,303/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/2/25
May 2, 2025
|
Price Changed | BRIDGE | $565,000 | -5.4% |
|
4/2/25
Apr 2, 2025
|
Price Changed | BRIDGE | $597,000 | -2.8% |
|
3/7/25
Mar 7, 2025
|
Price Changed | BRIDGE | $614,000 | -1.6% |
