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$3,145,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 days ago
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Located just half a block from the sand, 31 and 33 North 3rd Street offers a rare opportunity to own two fully upgraded, detached single-family homes on one coastal lot in one of Cayucos' most walkable and sought-after neighborhoods. Set on a 7,544 square foot parcel with separate addresses, garages, driveways, and utility meters, this property provides exceptional flexibility for multigenerational living, hosting, or income potential. The main residence at 31 North 3rd Street was taken approximately 80 percent down to the studs and rebuilt with new plumbing, electrical, roofing, windows, heating, and designer finishes throughout. The property features two new custom kitchens, four new bathrooms, and new flooring throughout. The main home offers four bedrooms and three baths with Taj Mahal quartzite countertops, a Bosch appliance suite, custom wine and coffee bar with wine refrigerator, two laundry centers complete with washers and dryers, and included refrigerators. Stunning ocean views with Morro Rock as a focal point are enjoyed from the main house kitchen island as well as from the living and game room downstairs, in addition to the front deck and expansive 40 foot rooftop deck enclosed in glass. The second residence at 33 North 3rd Street has been fully renovated and includes three bedrooms and one bath, matte porcelain slab countertops, Master Craft cabinetry, a coated garage floor, one laundry center complete with washer and dryer, an included refrigerator, an attached garage, and private outdoor space. Both homes are move-in ready and enhanced by fresh landscaping, new concrete hardscape, fencing, and dedicated outdoor areas. The location supports an active coastal lifestyle with nearby surfing, paddle boarding, fishing, coastal trails, Morro Bay recreation, and scenic Highway 1 access, all within walking distance to the pier, local dining, and shops. Zoned residential with possible short-term rental eligibility for the guest home subject to buyer verification with San Luis Obispo County Planning, this is a rare chance to own two coastal homes near the ocean with long-term flexibility and lifestyle appeal.

Full Property Details for 31 N 3rd St

General

  • Price: $3,145,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SC25149155
  • Updated: 2/19/2026
  • Days on Market: 237 days
  • Added to Site: 237 day(s) ago

Interior

  • Rooms/Areas: Formal Entry, Kitchen, Laundry, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet, Walk-In Pantry
  • Interior Features: In-Law Floorplan, Living Room Deck Attached, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Stone Counters
  • Fireplace(s): Living Room, Electric
  • Appliances: Dishwasher, Electric Oven, ENERGY STAR Qualified Appliances, Free-Standing Range, Gas & Electric Range, Gas Cooktop, Gas Water Heater, Icemaker, Instant Hot Water, Microwave, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
  • Flooring: Laminate, Vinyl

Rooms

Other Rooms

  • Laundry: Dryer Included, Electric Dryer Hookup, In Garage, Upper Level, Stackable, Washer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 2
  • Parking Features: Direct Garage Access, Driveway, Paved, Driveway Level, Garage Faces Front, Garage (Single Door), Guest, Oversized, Private, RV Potential
  • Parking: Garage (Direct Access), Driveway, Paved, Driveway Level, Garage Faces Front, Garage (Single Door), Guest, Oversized, Private, RV Potential

Location

  • Area: CAYU - Cayucos
  • County: San Luis Obispo
  • Development Name: CAYU - Cayucos
  • Driving Directions: Ocean Ave to N. 3rd Street, turn towards ocean. Houses are down on the right 2nd from Pacific.
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Architectural Style: Bungalow, Cottage, Custom-Built
  • Foundation: Slab
  • Roof: Composition, Shingle
  • Windows: Double-Pane Windows
  • Entry Location: 1
  • Stories/Levels: One,Two
  • Stories Description: One, Two
  • Square Feet: 3,110
  • Year Built: 1966

Unit Information

Unit 1

  • Number of Units: 2
  • Bedrooms: 7

Additional Structures

  • Other Structures: Guesthouse, Guest House Detached, Second Garage Detached, Shed(s), Two on a Lot, Workshop

Lot Features

  • Property View: Coastline, Neighborhood, Ocean, Panoramic, Park/Greenbelt, Water, White Water
  • Lot Size (Acres): 0.1732
  • Lot Size (Sq. Ft.): 7,544
  • Lot Size Source: Assessor
  • Zoning: RSF
  • Lot Description: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Level with Street, Rectangular Lot, Park Nearby, Drip Sprinkler System, Yard

Financial Considerations

  • Price Per Sq. Ft.: $1,011.25
  • Price Per Unit: 1572500

Disclosures and Reports

  • Inclusions: Washers, Dryers, Fridges

Listed by Real Estate eBroker Inc., Kathy Scruton

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Listing agent

— 31 N 3rd St —

  • Kathy Scruton

    Real Estate eBroker Inc.

805-602-2532

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 31 N 3rd St

School District:Cayucos Elementary School District
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 31 N 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/27/2026
Price Reduced
$3,145,000
-0.16%
MLS
9/24/2025
Price Reduced
$3,149,900
-3.08%
MLS
9/03/2025
Price Reduced
$3,249,900
-2.99%
MLS
7/03/2025
Listed
$3,350,000
92.53%
MLS
9/13/2024
Sold
$1,740,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 31 N 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,259
68%
$1,047,241
2%
2023
$10,887
—
$1,026,708
2%
2023
$10,887
2%
$1,006,577
2%
2022
$10,701
1%
$986,841
2%
2021
$10,546
1%
$967,492
1%
2020
$10,434
2%
$957,573
2%
2019
$10,229
2%
$938,798
2%
2018
$10,027
2%
$920,391
2%
2017
$9,827
2%
$902,345
2%
2016
$9,633
1%
$884,653
2%
2015
$9,550
4%
$871,366
2%
2014
$9,215
—
$854,298
—
2013
$9,174
—
$850,438
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Real Estate eBroker Inc., Kathy Scruton

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31 N 3rd Street, Cayucos, CA 93430 (MLS# SC25149155) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 31 N 3rd Street is currently listed for $3,145,000 and was received on July 03, 2025. Want to learn more about 31 N 3rd Street? Do you have questions about finding other Multi-Family real estate for sale in Cayucos? You can browse all Cayucos real estate or contact a Coldwell Banker agent to request more information.

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