485 Morro Avenue, Morro Bay, CA 93442

• 3,242 sqft

Property Description

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. 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 Central Coast.

Listing Status:

Active

Date Added:

September 18, 2025 at 05:00AM

Listing Office:

Coast Realty : 805-225-2284

Listing Agent:

Christopher Bath : 805-225-2284

MLS ID:

SC25220419

Interior

• General: Multiple Primary Suites
• Laundry: Inside
• A/C: None
• Heating: Wall Furnace
• Fireplace: Living RoomFireplace

Exterior

• Style: Ranch
• Pool: None
• Parking: CarportGarageRV Access/ParkingSee RemarksParking spaces: 2

Construction

• Roofing: CompositionShingle
• General: Wood Siding1Raised

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: San Luis Obispo

Lot

• Zoning: 066171002
• View: Back BayView
• Fencing: None

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Christopher Bath, Coast Realty