331 Panay Street, Morro Bay, CA 93442 - Berkshire Hathaway HomeServices California Properties

331 Panay Street, Morro Bay, CA 93442

$597,000 Approx. USD 2 beds, 1 baths
442 sqft

Open House 5/4 2:00 PM - 4:00 PM

Listing Agent


Jessica Padilla | jessica@realtor805.com
Lic#: 02130559
Broker: Courtesy of Compass California, Inc.-PB

Agent Remarks

Incredible investment opportunity! Recently renovated beach bungalow with ocean views in highly desirable North Morro Bay. Perfect for an investment, beach home, or the starting point for a beautifully designed custom home. Included in the sale are renderings of a potential future 2BR / 2BA home (approx 1200 sf) with a garage, attached 700 sf ADU and rooftop deck - taking full advantage of ocean and hillside views. Step inside to discover a thoughtfully updated interior, featuring renovated kitchen & bathroom with painted wood cabinets and beautiful epoxy countertops. The open layout creates a warm and inviting atmosphere, ideal for relaxation. Recent upgrades include all new: roof, windows & doors, electrical, plumbing, flooring, (3) wall heaters, paver patio, paver entry path, deck, gutters, patio cover, storage shed, interior & exterior paint. Whether you're enjoying your morning coffee on the porch or hosting a gathering on the spacious patio, the outdoor spaces are designed to enhance your connection with nature. The fenced front and back yards offer privacy and ample space for gardening or future development. For added convenience, the home includes two outdoor storage sheds (one is built to support a roof top deck - check with the city for potential ADU conversion), washer and dryer hookups, as well as on-site parking. This property truly embodies the essence of coastal living, offering a tranquil retreat just moments from the pristine beaches and vibrant heart of Morro Bay. Don't miss the opportunity to make this charming house your new home or investment project. Experience the beauty and potential of 331 Panay today! *All information deemed reliable but not guaranteed. Buyer to verify all information.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# PI25021064
List price is $597,000 Reduced by $17,000 on 4/2/2025
Price: $597,000
HOA Fee is $0.00
Beds: 2
Baths: 1 (1 full)
None fireplaces
Built in 1940
442 sqft
1 story
0.06 acres
Lot size: 0.0551
Subdivision: North Morro Bay (820)
County: San Luis Obispo
Property style: Bungalow
Zoning: R1
Interior features: Breakfast Bar,Eat-in Kitchen,All Bedrooms Down
Parking description: Driveway
Lot description: ZeroToOneUnitAcre
Heating/cooling: None
Heating description: See Remarks,Wall Furnace
MLS area: MRBY - Morro Bay

Last Updated: 5/2/2025

 Days On Market (DOM): 93

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This listing belongs to the MRBY - Morro Bay MLS area

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The style of this listing is Bungalow.
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Lat/Long: 35.402431, -120.864555.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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