Under Contract Open Saturday 06/13 2 PM-5 PM

487 & 489 Estero

Morro Bay, CA 93442
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Bed 6

Bed

Bath 4

Bath

SqFt2,700

Sqft

SqFt6,000

Sqft(Lot)

Morro Bay Coastal Retreat: Views and Versatility Prepare to be mesmerized by views of iconic Morro Harbor and Rock with the panoramic backdrop of the Pacific Ocean. Are you dreaming of a lucrative multi-family income property or a spacious single-family coastal compound? Look no further! This masterfully crafted gem offers unparalleled flexibility, serving perfectly as three private living retreats or one comfortable main residence paired with a high-end ADU. Situated on an impressively oversized lot with a clever downhill orientation on a quiet street with similarly sized properties. Parking is a breeze with plenty of off street space and an oversized two-car garage. Hardscape pavers and lovely landscape provide an inviting entry and front patio courtyard. The ground level entry opens to a bedroom, stairs to primary living space and hallway entrance to the optional ADU. The second level is truly the heart of the home—a lovely light-filled space with a wall of windows frames the ocean views to be enjoyed from living, dining, kitchen and even the master ensuite. A second bedroom/bath suite provides additional sleeping space.The spacious and sun drenched deck extends living space and is the icing on the cake. At the rear of the property, discover a charming, approximately 700 sq. ft. two-bedroom ADU with its own address and separate utility meters—ideal for guests or rental income. This private haven includes its own yard, laundry, and a versatile outbuilding perfect for a quiet home office or a creative art studio. New owners will benefit by the addition of solar provided through a Power Purchase Agreement. Furnishings may be included and are negotiable. Perfectly situated near the vibrant downtown, easy HWY 1 access, and the majestic State Park, this property is a rare crown jewel of the coast. Don’t miss your chance to own this slice of paradise—see it today!

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Detail Ic Property Details

Property Type : Residential

Price : $1,495,000

AD Id : 79841548

MLS Id : SC26117151

Beds : 6

Lot Size : 6,000 Sqft

Living Area Size : 2,700

Year Built : 1980

Garage : 2

County : San Luis Obispo

Open House Open House

  • 06/13 2 PM-5 PM
  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: Ceiling Fan(s),Bedroom on Main Level,Walk-In Closet(s) Windows: Double Pane Windows Property Appliances: Dishwasher,Electric Oven,Electric Range,Microwave,Refrigerator,Trash Compactor,Dryer,Washer Fireplace: Living Room
  • Cooling Features

    None Air Conditioning

    Heating Source

    Electric Has Heating

    Fireplace

    Fireplace Features: Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1980
  • Pool Features

    None

    Laundry Features

    Inside,Laundry Room

    Patio And Porch

    Deck

    Fencing

    Privacy,Wood

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1377
  • Lot Size Source: Assessor Lot Size Square Feet: 6000

  • Listing Price Information

    Original List Price: 1,495,000 Listing Contract Date: 2026-06-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 066191027

  • Garage and Parking

    Garage Description: Door-Multi,Driveway,Garage Faces Front,Garage,Garage Door Opener Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: MRBY - Morro Bay Directions: From MB Blvd., Head toward Napa Ave., Turn right onto Piney Way. Turn left onto Anchor St. Turn right at the 1st cross street onto Estero Ave. Property will be on the right Source Property Type: Residential Area: MRBY - Morro Bay Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 46 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Estimated Total Square Feet Living: 2700 Entry Level: 1 Entry Location: Front Door Levels or Stories: Two Building Total Stories: 2 Structure Type: House
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1800 Atascadero Road, Morro Bay, CA, 93442 $15,500,000 4 3 3,724 3,724 SqFt
1537 White Pine #48, Morro Bay, CA, 93442 $389,500 3 2 1,385 1,385 SqFt
509 Quinn, Morro Bay, CA, 93442 $820,000 3 2 1,496 1,496 SqFt
960 Las Tunas, Morro Bay, CA, 93442 $930,000 3 2 1,406 1,406 SqFt
941 Marina, Morro Bay, CA, 93442 $924,500 3 2 1,243 1,243 SqFt
2560 Juniper, Morro Bay, CA, 93442 $1,599,000 4 3 2,648 2,648 SqFt
500 Atascadero Rd Spc F1, Morro Bay, CA, 93442 $409,900 3 2 1,500 1,500 SqFt
460 Jamaica, Morro Bay, CA, 93442 $764,000 2 1 748 748 SqFt
455 Orcas, Morro Bay, CA, 93442 $989,000 3 2 912 912 SqFt
1187 Main, Morro Bay, CA, 93442 $1,649,000 4 3 2,975 2,975 SqFt

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ByOwner last updated this listing 06/12/2026 @ 13:56

MLS: SC26117151 LISTED BY: Dale Kaiser, Dale Kaiser Real Estate 805-995-2900 SOURCE: CRMLS

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