This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,473,073
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Morro Bay Coastal Retreat: Views and Versatility
Prepare to be mesmerized by views of iconic Morro Harbor and Rock with the panoramic backdrop of the Pacific Ocean. Are you dreaming of a lucrative multi-family income property or a spacious single-family coastal compound? Look no further! This masterfully crafted gem offers unparalleled flexibility, serving perfectly as three private living retreats or one comfortable main residence paired with a high-end ADU. Situated on an impressively oversized lot with a clever downhill orientation on a quiet street with similarly sized properties. Parking is a breeze with plenty of off street space and an oversized two-car garage. Hardscape pavers and lovely landscape provide an inviting entry and front patio courtyard. The ground level entry opens to a bedroom, stairs to primary living space and hallway entrance to the optional ADU. The second level is truly the heart of the home-a lovely light-filled space with a wall of windows frames the ocean views to be enjoyed from living, dining, kitchen and even the master ensuite. A second bedroom/bath suite provides additional sleeping space.The spacious and sun drenched deck extends living space and is the icing on the cake. At the rear of the property, discover a charming, approximately 700 sq. ft. two-bedroom ADU with its own address and separate utility meters-ideal for guests or rental income. This private haven includes its own yard, laundry, and a versatile outbuilding perfect for a quiet home office or a creative art studio. New owners will benefit by the addition of solar provided through a Power Purchase Agreement. Furnishings may be included and are negotiable. Perfectly situated near the vibrant downtown, easy HWY 1 access, and the majestic State Park, this property is a rare crown jewel of the coast. Don't miss your chance to own this slice of paradise-see it today!
Full Property Details
Full Property Details for 487 & 489 Estero
General
- Sold For: $1,473,073
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: SC26117151
- Added to Site: 51 day(s) ago
Interior
- Rooms/Areas: Walk-In Closet, Laundry, Kitchen, Living Room, Main Floor Bedroom, Family Room
- Interior Features: Ceiling Fan(s)
- Fireplace: Yes
- Fireplace(s): Living Room
- Appliances: Microwave, Refrigerator, Trash Compactor, Electric Range, Electric Oven, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Inside, Individual Room, Washer Included, Dryer Included
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Deck
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Garage, Garage Faces Front, Driveway, Garage Door Opener, Garage (Two Doors)
Location
- County: San Luis Obispo
- Subdivision: Morro Heights (810)
- Driving Directions: From MB Blvd., Head toward Napa Ave., Turn right onto Piney Way. Turn left onto Anchor St. Turn right at the 1st cross street onto Estero Ave. Property will be on the right
School Information
- School District: San Luis Coastal Unified
Community
- Community Features: Watersports, Golf, Biking, Dog Park, Hiking, Fishing, Street Lights
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Windows: Double-Pane Windows
- Doors: Sliding Doors
- Entry Location: Front Door
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,700
- Sq. Ft. Source: Seller
- Year Built: 1980
- Year Built Source: Estimated
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Property View: Ocean, Bay, Hills
- Lot Size (Acres): 0.1377
- Lot Size Source: Assessor
- Lot Description: Landscaped, Yard
- Fencing (Description): Wood, Privacy
Financial Considerations
- Price Per Sq. Ft.: $545.58
Disclosures and Reports
- Special Conditions: Trust
Listed by Dale Kaiser Real Estate, Dale Kaiser and Dale Kaiser Real Estate, Gail Riley
Sold by Compass, Christine Rosenfeld
Get Pre-Approved Today
Schools
Schools serving 487 & 489 Estero
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Del Mar Elementary School 501 Sequoia Street, Morro Bay, CA 93442 | K-6 | 2.5 mi |
Los Osos Middle School 1555 El Moro St., Baywood-Los Osos, CA 93402 | 7-8 | 2.9 mi |
Morro Bay High School 235 Atascadero Road, Morro Bay, CA 93442 | 9-12 | 1.7 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 487 & 489 Estero
Date
Details
Price
Change
Source
7/07/2026
Sold
$1,473,073
-1.47%
MLS
6/02/2026
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
487 & 489 Estero, Morro Bay, CA 93442 (MLS# SC26117151) is a Single Family property that was sold at $1,473,073 on July 07, 2026. Want to learn more about 487 & 489 Estero? Do you have questions about finding other Single Family real estate for sale in Morro Bay? You can browse all Morro Bay real estate or contact a Coldwell Banker agent to request more information.

