Date
Details
Price
Change
Source
2/02/2026
Listed
$2,899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos' most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income.
The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining.
The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use.
A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance.
Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast.
Full Property Details
Full Property Details for 2873 & 2871 Studio Dr
General
- Price: $2,899,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: PI26013165
- Updated: 2/2/2026
- Days on Market: 2 days
- Added to Site: 2 day(s) ago
Interior
- Rooms/Areas: Bonus Room, Den, Entry, Family Room, Great Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bedroom, Primary Suite, Walk-In Closet
- Interior Features: 2 Staircases, Beamed Ceilings, Ceiling Fan(s), High Ceilings, Living Room Balcony, Living Room Deck Attached, Pantry, Recessed Lighting, Storage
- Fireplace: Yes
- Fireplace(s): Family Room, Guesthouse, Living Room, Gas
- Eating Areas: Area, Family Kitchen, In Family Room, Dining Room, In Living Room
- Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: In Garage
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Covered, Deck, Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking: Paved, Garage, Garage Faces Front, Garage (Three Doors), Private
Location
- County: San Luis Obispo
- Subdivision: Strand (530)
- Driving Directions: 2873 & 2871 Studio Dr, Cayucos CA 93430
School Information
- School District: Coast Unified
Community
- Community Features: Biking, Fishing, Hiking, Watersports, Preserve/Public Land
Heating & Cooling
- Cooling Type: None
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Foundation: Slab
- Common Walls: No Common Walls
- Windows: Drapes, Screens
- Disability Access: None
- Entry Location: Front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,772
- Sq. Ft. Source: Assessor
- Year Built: 1957
- Year Built Source: Public Records
- Property Condition: Turnkey, Updated/Remodeled
Lot Features
- Property View: Bay, Coastline, Hills, Ocean, Panoramic, Rocks, Water
- Lot Size (Acres): 0.101
- Lot Size (Sq. Ft.): 4,400
- Lot Size Source: Assessor
- Zoning: RSF
- Lot Description: 2-5 Units/Acre, Front Yard, Rectangular Lot, Level
- Fencing (Description): Vinyl
Financial Considerations
- Price Per Sq. Ft.: $1,045.82
Disclosures and Reports
- Special Conditions: Standard
Listed by Keller Williams Realty Central Coast, CJ Hegney
We Value Your Privacy
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Listing agent
— 2873 & 2871 Studio Dr —
CJ Hegney
Keller Williams Realty Central Coast
925-314-5771
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2873 & 2871 Studio Dr
School District:Cayucos Elementary School District
| Name | Grades | Distance |
|---|---|---|
Cayucos Elementary School 301 Cayucos Drive, Cayucos, CA 93430 | K-8 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2873 & 2871 Studio Dr
Estimate the Cost
Estimate the Cost for 2873 & 2871 Studio Dr
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- Single Family
- Active
- Updated 1 hour ago
- 7Beds
- 4Total Baths
- 3,110Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,505Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
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- Mobile Home
- Active
- Updated 6 hours ago
- 2Beds
- 2Total Baths
- 912Sq. Ft.
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- Single Family
- Active
- Updated 11 hours ago
- 3Beds
- 2Total Baths
- 1,243Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 1,783Sq. Ft.
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- Single Family
- Closed
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,555Sq. Ft.
2873 & 2871 Studio Drive, Cayucos, CA 93430 (MLS# PI26013165) is a Single Family property with 6 bedrooms and 3 full bathrooms. 2873 & 2871 Studio Drive is currently listed for $2,899,000 and was received on February 02, 2026. Want to learn more about 2873 & 2871 Studio Drive? Do you have questions about finding other Single Family real estate for sale in Cayucos? You can browse all Cayucos real estate or contact a Coldwell Banker agent to request more information.