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Property Description
Set on the edge of the Embarcadero, this turnkey Morro Bay condo puts you just a one-minute walk from the waterfront and minutes from the best of Morro Bay. Step out to the front of the complex and take in beautiful views of Morro Rock, with Franklin Riley Park across the street, Tidelands Park and playground nearby, and easy access to the harbor, waterfront dining, coffee shops, art galleries, kayaking, paddleboarding, coastal trails, the Main Street Farmers Market, Morro Bay Golf Course, Morro Bay State Park, and the Museum of Natural History.
Inside, this 1-bedroom end-unit condo is bright, inviting, and in excellent condition, with abundant natural light and peekaboo views of the bay and Black Hill. The living area features an electric fireplace, creating a comfortable place to unwind after a day by the water.
The kitchen is well appointed with custom cabinetry, soft-close drawers, a large single-basin sink, and an Electrolux range with induction cooktop. The bedroom includes a walk-in closet, while the bathroom features a large walk-in shower and a stacked washer and dryer for everyday convenience.
The condo also includes a designated covered carport directly below the unit, offering easy access, plus private storage space for beach gear, golf clubs, bikes, or weekend essentials. The HOA has been well managed, with recent exterior improvements including fresh paint, a new roof, new railings, and other updates throughout the property.
Whether you're looking for a low-maintenance coastal getaway, a convenient second home, or a quiet Morro Bay retreat to escape the heat of the valley or the pace of the city, this condo is ready to enjoy from day one.
Full Property Details
Full Property Details for 490 Morro #5
General
- Price: $549,000
- HOA FEE: $350/month
- Status: Active
- Type: Condo
- Source: MRMLS
- MLS ID: NS26112425
- Updated: Today (5/28/2026)
- Added to Site: Today
Interior
- Rooms/Areas: Walk-In Closet, Kitchen, Living Room, Primary Suite
- Fireplace: Yes
- Fireplace(s): Electric, Living Room
- Eating Areas: In Living Room
- Appliances: Water Heater, Microwave, Refrigerator, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Inside, See Remarks
Additional Information
- Shared Amenities: Insurance, Trash, Earthquake Insurance, Maintenance Grounds
- Pool Description: None
- Spa Description: None
Parking
- Carport Spaces: 1
- Parking: Assigned, Carport, Built-In Storage
Location
- County: San Luis Obispo
- Subdivision: Embarcadero(750)
- Driving Directions: From Morro Bay Boulevard take Morrow Ave. south. Complex is on the left
School Information
- School District: San Luis Coastal Unified
Community
- Community Features: Watersports, Golf, Biking, Hiking, Fishing
- Assoc. Name: Rusty Anchor Homeowners Association
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Condominium
- Common Walls: 1 Common Wall
- Windows: Double-Pane Windows
- Entry Location: front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 530
- Sq. Ft. Source: Assessor
- Year Built: 1978
- Year Built Source: Public Records
- Property Condition: Turnkey
Unit Information
- Units in Complex: 7
Lot Features
- Property View: Bay, Neighborhood, Hills, Peek-a-Boo
- Lot Size (Acres): 0.0122
- Lot Size (Sq. Ft.): 530
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $1,035.85
- Association Fee: $350
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Special Conditions: Standard
Listed by Home & Ranch Sotheby's Intl, Ian Chandler
Get Pre-Approved Today
Schools
Schools serving 490 Morro #5
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 490 Morro #5
Date
Details
Price
Change
Source
5/28/2026
Listed
$549,000
78.83%
MLS
10/20/2015
Sold
$307,000
—
Public Record
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
Tax History for 490 Morro #5
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,006
4%
$363,418
2%
2023
$3,866
—
$356,293
2%
2023
$3,866
7%
$349,308
2%
2022
$3,624
2%
$342,460
2%
2021
$3,566
1%
$335,746
1%
2020
$3,530
1%
$332,304
2%
2019
$3,493
2%
$325,789
2%
2018
$3,425
2%
$319,402
2%
2017
$3,358
2%
$313,140
2%
2016
$3,292
11%
$307,000
8%
2015
$2,961
50%
$283,185
40%
2013
$1,968
—
$203,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 490 Morro #5
490 Morro #5, Morro Bay, CA 93442 (MLS# NS26112425) is a Condo property with 1 bedroom and 1 full bathroom. 490 Morro #5 is currently listed for $549,000 and was received on May 28, 2026. Want to learn more about 490 Morro #5? Do you have questions about finding other Condo 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.

