331 Panay Street
Morro Bay, CA 93442 • 2 Bed • 1 Bath • 442 sq.ft.

Property summary

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. Experience the beauty and potential of 331 Panay today! *All information deemed reliable but not guaranteed. Buyer to verify all information.

Days on market: 84

Listing updated: April 23, 2025 - 08:12:04

Property details

Property ID
PI25021064
Size
442 sq.ft.
Home Type
Residential
Year Built
1940
Property Size
0.0551 acre
Garage
0
Levels
1
Spa
None
Patio
Deck, Porch
Basement
No
View
Mountain(s), Ocean
Pool
None

Listed by: Jessica Padilla DRE #02130559 805-779-7800, Compass California, Inc.-PB - Pismo Coast

Source: Pismo Coast, MLS#: PI9900 Originating MLS: CRMLS

Interior information

Rooms
Bedroom
Bathrooms
1
Kitchen
N/A
Cooling
None
Heating
See Remarks, Wall Furnace
Flooring
Vinyl
Laundry
Washer Hookup, Gas Dryer Hookup
$597,000
Property price
Make an offer
Open house
Date
TBA
Time
TBA
Mortgage estimator
Est.: $2,388/mo
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-26 01:27:01 PST and /or other sources. 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.

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