331 Panay Street, Morro Bay, CA 93442

About this single-family home

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.

Listing description from the June 2025 sale, as reported to CRMLS.

Sale history

$550,000

Sold June 2025 · listed $565,000, orig. $624,000, on market January 2025 · MLS #PI25021064 · Source: CRMLS

Listing Agent: Jessica Padilla · Listing Office: Compass California, Inc.-PB · Contact: 805-769-8779 · Bought with: Trudy Burley-Glasspool · BHGRE HAVEN PROPERTIES

$435,000

Sold September 2023 · listed $475,000, on market July 2023 · MLS #SC23132584 · Source: CRMLS

Listing Agent: Christine McDonald · Listing Office: Coastal Real Estate · Contact: 805-528-7171 · Bought with: Jessica Micklus · 805 Real Estate, Inc.

$176,000

Sold August 2012 · listed $188,000, orig. $193,000, on market June 2012 · MLS #SC187146 · Source: CRMLS

Listing Agent: John Saurwein · Listing Office: Bay Osos Brokers · Contact: 805-528-1133 · Bought with: John Saurwein · Bay Osos Brokers

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