485 Morro Avenue, Morro Bay, CA 93442 - Photo 1

1/1

$1,750,000

Sold
Closed
Multi-Family
Updated 13 hours ago

1/1

Property Description

A Legacy Central California Coastal Property. Rare opportunity for investors, developers, or boutique builders to secure over half an acre (.54 acres / 23,632 sq. ft.) in the heart of Morro Bay with prime build-out potential. Potential for two separate lots, next to a City Park plus the option of acquiring an adjacent abandoned city street, create room for an expanded development footprint. The 1930s residence offers 3,242 sq. ft. across two units, each with separate electric and gas meters. The main home includes 2 bedrooms and 2 baths with sweeping views of the bay and Morro Rock, while the secondary unit enjoys south-facing vistas across the park and waterfront. Known locally as The Red House, the property is crowned by the storied crow's nest, one of Morro Bay's most recognizable architectural features. Whether redeveloped or preserved as a private estate, this is a once-in-a-lifetime opportunity blending history, views, and exceptional potential on California's Central Coast.

Full Property Details

Full Property Details for 485 Morro Ave

General

Sold For: $1,750,000
Status: Closed
Type: Multi-Family
Source: MRMLS
MLS ID: SC25220419
Added to Site: 224 day(s) ago

Interior

Rooms/Areas: Two Primaries, See Remarks
Fireplace(s): Living Room

Rooms

Other Rooms

Laundry: Inside

Additional Information

Pool Description: None

Parking

Garage Spaces: 2
Parking Features: Garage, Carport, RV Access/Parking, See Remarks
Parking: Garage, Carport, RV Access/Parking, See Remarks

Location

Area: MRBY - Morro Bay
County: San Luis Obispo
Development Name: MRBY - Morro Bay
Driving Directions: Main st to Morro Ave

Heating & Cooling

Cooling Type: None
Heating Type: Wall Furnace

Utilities

Sewer: Public Sewer
Water: Public
# Water Meters: 1
# Gas Meters: 2
# Electric Meters: 2

Structural Information

Architectural Style: Ranch
Foundation: Raised
Roof: Composition, Shingle
Entry Location: 1
Stories/Levels: Two
Stories Description: Two
Square Feet: 3,242
Year Built: 1930

Unit Information

Unit 1

Number of Units: 1
Total Bathrooms: 2
Bedrooms: 2

Lot Features

Property View: Back Bay, See Remarks
Lot Size (Acres): 0.5425
Lot Size Source: Appraiser
Lot Description: Corner Lot

Financial Considerations

Price Per Sq. Ft.: $539.79
Price Per Unit: 1975000

Listed and Sold by Coast Realty, Christopher Bath

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Listing agent

— 485 Morro Ave —

Christopher Bath

Coast Realty

805-801-0268

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Schools

Schools serving 485 Morro Ave

School District:San Luis Coastal Unified School District

Name	Grades	Distance
Del Mar Elementary School 501 Sequoia Street, Morro Bay, CA 93442	K-6	2.4 mi
Los Osos Middle School 1555 El Moro St., Baywood-Los Osos, CA 93402	7-8	3.1 mi
Morro Bay High School 235 Atascadero Road, Morro Bay, CA 93442	9-12	1.6 mi

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 485 Morro Ave

Date

Details

Price

Change

Source

4/13/2026

Sold

$1,750,000

-11.39%

MLS

3/27/2026

Price Reduced

$1,975,000

-17.36%

MLS

1/30/2026

Price Reduced

$2,390,000

-4.02%

MLS

12/12/2025

Price Reduced

$2,490,000

-9.45%

MLS

9/18/2025

Listed

$2,750,000

—

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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485 Morro Ave, Morro Bay, CA 93442 - Photo 1

Sold

$1,750,000