331 Panay Street

Morro Bay, CA 93442

PRICE REDUCED

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-$27,000 (-4.33%)

$597,000

List Price

2

bed Beds

1

shower Baths

442 sqft

straighten / sqft

1940

calendar_month Built

Property Description

Your ocean view dream home awaits! Don’t miss this rare opportunity to own a piece of beautiful coastline in highly desirable North Morro Bay. This recently renovated beach bungalow is perfect for an investment property, beach home, or the starting point for a beautifully designed custom home. With peek-a-boo ocean views from the existing single story home, the potential for breathtaking second-story views awaits. Step inside to discover a thoughtfully updated interior, featuring a 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! 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 advantage of ocean and hill views from the 2nd story and rooftop deck. *All information deemed reliable but not guaranteed. Buyer to verify all information.

Listing Information

List Price $597,000
Status Active
MLS PI25021064
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1940
Lot Size 2,400
Structure Size 442
DOM 64
Courtesy Of Compass California, Inc.-PB
Listing Agent Jessica Padilla DRE#02130559

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms 2
Bathroom Information
Features Remodeled, Separate Shower
Total Bathroom
Bathrooms 1
Flooring Information
Material Vinyl
Fireplace Information
Features None
Additional Information
Additional Features Breakfast Bar, Eat-in Kitchen, All Bedrooms Down
Cooling Type
Cooling Type None
Heating Type
Heating Type See Remarks, Wall Furnace

Exterior Information

Other Structures
Structures Shed(s)
Features Deck, Porch
Views Mountain(s), Ocean

Maps

home_work Nearby Properties

Listing information courtesy of: Jessica Padilla, Compass California, Inc.-PB . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 3rd, 2025 at 11:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.