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$3,145,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 12 hours ago
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Reduced over $200,000, this 7 bed coastal compound in Cayucos delivers a rare turnkey opportunity for multigenerational living and an elevated beach lifestyle just half a block from the sand. 31 and 33 North 3rd Street features two fully renovated detached homes on a 7,544 square foot lot, designed for flexibility, privacy, and effortless coastal living. Completely reimagined with high end finishes and cohesive design throughout, this property stands out as one of the most compelling offerings near the Cayucos shoreline. Entertain, host, and enjoy with one of the largest rooftop decks in the area, a 40 foot glass enclosed space designed to capture ocean views, including Morro Rock, and create a true indoor outdoor experience. The front residence at 31 North 3rd Street offers four bedrooms and three bathrooms and was taken approximately 80 percent down to the studs and rebuilt with new plumbing, electrical, heating, and major systems. The home features a new roof, new windows, new flooring, and a redesigned kitchen with Taj Mahal quartzite countertops, a Bosch appliance suite with dual fuel range, and a custom wine and coffee bar with wine refrigerator. Three newly built bathrooms and two laundry centers add comfort and convenience. Ocean views are enjoyed from the kitchen island, living and game room, and multiple outdoor spaces. The second residence at 33 North 3rd Street offers three bedrooms and one bathroom, renovated with a new kitchen featuring matte porcelain slab countertops, Master Craft cabinetry, and GE Profile appliances. Additional upgrades include a new bathroom, new windows, new flooring, updated plumbing and lighting, an attached garage with coated floor, private outdoor space, and a dedicated laundry center. Both homes benefit from new landscaping, irrigation, concrete hardscape, fencing, drainage improvements, sewer line scope and scrub. With separate utilities and strong layout flexibility, this property supports multigenerational living, guest accommodations, or income potential from either residence. Zoned residential and guest house may be eligible for potential short term rental and would require a Minor Use permit and approval with the County, subject to buyer verification with San Luis Obispo County.

Full Property Details for 31 N 3rd St

General

  • Price: $3,145,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SC25149155
  • Updated: 4/14/2026
  • Days on Market: 285 days
  • Added to Site: 285 day(s) ago

Interior

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

Rooms

Other Rooms

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

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

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

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: Natural Gas, Central

Utilities

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

Structural Information

  • Architectural Style: Mid Century Modern, Cottage, Custom-Built, Bungalow
  • Foundation: Slab
  • Roof: Composition, Shingle
  • Windows: Double-Pane Windows
  • Doors: Atrium Doors, Sliding Doors
  • 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: Second Garage Detached, Workshop, Guesthouse, Guest House Detached, Two on a Lot, Shed(s)

Lot Features

  • Property View: Coastline, Ocean, White Water, Park/Greenbelt, Neighborhood, Water, Panoramic
  • Lot Size (Acres): 0.1732
  • Lot Size (Sq. Ft.): 7,544
  • Lot Size Source: Assessor
  • Zoning: RSF
  • Lot Description: Level with Street, Landscaped, Rectangular Lot, Park Nearby, Drip Sprinkler System, 2-5 Units/Acre, Front Yard, Back Yard, 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 ATTOM Data Solutions 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
2024
$11,009
1%
$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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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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