331 Panay Street, Morro Bay, CA

$565,000

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2

Beds

1

Bath

442

Square feet

0.06

Acres

About 331 Panay Street

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. E

Features of 331 Panay Street

MLS® # PI25021064
Price $565,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 442
Acres 0.06
Year Built 1940
Type Residential
Sub-Type Detached
Style Craftsman/Bungalow
Status Closed

Community Information

Address 331 Panay Street
Area MORRO BAY (93442)
Subdivision North Morro Bay
City Morro Bay
County San Luis Obispo
State CA
Zip Code 93442

Amenities

Utilities Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Parking Spaces 3
View Mountains/Hills,Ocean
Is Waterfront No
Has Pool No
Pool N/K

Interior

Heating Wall/Gravity,Other/Remarks
Cooling N/K
Fireplace No
Fireplaces N/K
# of Stories 1
Stories 1 Story

Additional Information

Date Listed January 8th, 2025
Days on Market 127
Zoning R1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass California, Inc.-PB

Listing Map

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