331 Panay Street
Morro Bay, CA 93442
- 2 beds
- 1 bath
- 442 sqft
- 2,400 sqft lot
- $1,411 per sqft
- 1940 build
- – on site
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! *All information deemed reliable but not guaranteed. Buyer to verify all information.
Listed By CRMLS_CA / Jessica Padilla / Compass / 805-769-8779
Last checked:
Checking…
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Last updated Jan 31, 2025
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MLS# PI25021064 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1940
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:1
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Architectural Style:Bungalow
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Structure Type:House
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Stories Total:1
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Entry Level:1
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Patio And Porch Features:Deck, Porch
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Patio:1
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Common Walls:No Common Walls
Interior
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Levels:One
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Entry Location:Front door
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Eating Area:Breakfast Counter / Bar, In Kitchen
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Window Features:Double Pane Windows
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Flooring:Vinyl
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Room Type:All Bedrooms Down
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Gas Dryer Hookup, Washer Hookup
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Laundry:1
Room Dimensions
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Living Area:442.00
Location
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Directions:From San Luis Obispo: Take hwy 1 North to Morro Bay. Turn right onto San Jacinto St. Turn left onto Main St. Turn right onto Panay St, home will be on the left.
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Latitude:35.40243100
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Longitude:-120.86455500
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:R1
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Lot Features:0-1 Unit/Acre
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Lot Size Area:2400.0000
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Lot Size Acres:0.0551
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Lot Size SqFt:2400.00
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Lot Size Source:Assessor
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View:1
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View:Mountain(s), Ocean
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Exclusions:Potted plants, washer & dryer
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Additional Parcels:No
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Other Structures:Shed(s)
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:105.06
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Tax Lot:17
Beds
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Total Bedrooms:2
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Main Level Bedrooms:2
Baths
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Total Baths:1
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Bathroom Features:Shower, Remodeled
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Full & Three Quarter Baths:1
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Main Level Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Standard, Trust
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Parcel Number:065051015
Heating & Cooling
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Heating:1
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Heating:See Remarks, Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Electricity - On Property
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Water Source:Public
Schools
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High School District:San Luis Coastal Unified
The Community
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Subdivision:North Morro Bay (820)
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Subdivision:North Morro Bay (820)
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Neighborhood:North Morro Bay
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Features:Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park
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Inclusions:Fridge, gas range, 8x8 metal shed in backyard, 8x15 wood shed in front yard
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:3.00
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Uncovered Spaces:3.00
Monthly cost estimate
Asking price
$624,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,341
|
Taxes | N/A |
Insurance | $171 |
Utilities | $123 See report |
Total | $3,635/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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1/29/25
Jan 29, 2025
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Relisted | CRMLS_CA | $624,000 | 31.4% (22.0% / YR) |
8/28/23
Aug 28, 2023
|
BRIDGE | $475,000 | ||
7/25/23
Jul 25, 2023
|
BRIDGE | $475,000 |