2873 & 2871 Studio Drive, Cayucos, CA 93430
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
2873 & 2871 Studio Drive,Cayucos, CA 93430
$2,399,000
- 6 Beds
- 3 Baths
- 2,772 sq. ft.
- Single family
- Active
Listed by: cj hegney
Office: nexthome central coast805-773-7777
MLS#:PI26013165
Source:CRMLS
Price summary
- Price:$2,399,000
- Price per sq. ft.:$865.44
About this home
Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos’ most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income.
The property has undergone significant updates in 2024/2025, including new appliances, new HVAC and wall heaters, new in-slab plumbing, new bathrooms, and updated electrical throughout the home, offering a truly turnkey coastal investment.
The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining.
The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use.
A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance.
Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast....
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Home facts
- Year built:1957
- Listing ID #:PI26013165
- Added:150 day(s) ago
- Updated:July 01, 2026 at 01:26 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Kitchen Description:Built In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Pantry, Range Hood, Refrigerator, Vented Exhaust Fan
- Living area:2,772 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Year built:1957
- Building area:2,772 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Front Yard, Level with Street, Rectangular Lot
- Exterior Features:Covered Patio, Deck, Patio, Porch
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,399,000
- Price per sq. ft.:$865.44
Features and amenities
- Appliances:Built In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater
- Laundry features:In Garage
- Amenities:Balcony, Beamed Ceilings, Ceiling Fans, Drapes, High Ceilings, Lighting, Living Room Deck Attached, Multiple Staircases, Pantry, Recessed Lighting, Storage Space, Walk In Closets
Parking
- Total parking spaces:3
- Parking description:Door Multi, Garage, Garage Faces Front, Paved Driveway, Private
- Garage:Yes
- Garage spaces:3
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