331 Panay Street, Morro Bay Property Listing: MLS® #PI25021064

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 and dryer hookups, as well as on-site parking. This property truly embodies the essence of coastal living, offering a tranquil retreat just moments from the pristine beaches and vibrant heart of Morro Bay. Don't miss the opportunity to make this charming house your new home or investment project. E

331 Panay Street, Morro Bay Property Listing: MLS® #PI25021064 Close
Page Summary
REDUCED
  • MLS® #: PI25021064
  • 331 Panay Street
  • Morro Bay, CA 93442
  • $565,000
  • 2 Beds, 1 Bath, 442 SqFt, 0.06 Acres
  • Office: Compass California, Inc.-pb

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 and dryer hookups, as well as on-site parking. This property truly embodies the essence of coastal living, offering a tranquil retreat just moments from the pristine beaches and vibrant heart of Morro Bay. Don't miss the opportunity to make this charming house your new home or investment project. E

Supplemental Remarks

Essential Information

  • MLS® #PI25021064
  • Listing Price$565,000
  • Original Listing Price$624,000
  • List Price per Square Foot$1,278.28
  • Date ListedJanuary 8th, 2025
  • Days on Market120
  • Bedrooms2
  • Bathrooms1.00
  • Full Baths1
  • Square Footage442
  • Acres0.06
  • Lot Sq.Ft.2,400
  • Year Built1940
  • TypeResidential
  • Sub-TypeDetached
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address331 Panay Street
  • AreaMORRO BAY (93442)
  • SubdivisionNorth Morro Bay
  • CityMorro Bay
  • CountySan Luis Obispo
  • StateCA
  • Zip Code93442

Amenities

  • UtilitiesGas, Washer Hookup
  • ViewMountains/Hills, Ocean
  • PoolN/K

Interior

  • HeatingWall/Gravity, Other/Remarks
  • CoolingN/K
  • FireplacesN/K
  • # of Stories1
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Listing information last updated on May 15th, 2025 at 8:41pm PDT.