485 Morro Avenue, Morro Bay, CA 93442

Morro Bay
Local realty services provided by:Better Homes and Gardens Real Estate Champions
485 Morro Avenue,Morro Bay, CA 93442
$1,975,000
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  • - Beds
  • - Baths
  • 3,242 sq. ft.
  • Multi-family
  • Active
Listed by: christopher bath
Office: coast realty
MLS#:SC25220419
Source:CRMLS

Price summary

  • Price:$1,975,000
  • Price per sq. ft.:$609.19

About this home

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...

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Home facts

  • Year built:1930
  • Listing ID #:SC25220419
  • Added:193 day(s) ago
  • Updated:March 28, 2026 at 10:34 AM

Rooms and interior

  • Living area:3,242 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1930
  • Building area:3,242 sq. ft.
  • Lot area:0.54 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Ranch
  • Construction Materials:Wood Siding
  • Foundation Description:Raised
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,975,000
  • Price per sq. ft.:$609.19

Features and amenities

  • Laundry features:Inside

Parking

  • Total parking spaces:2
  • Parking description:Carport, Garage
  • Garage:Yes
  • Garage spaces:2
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