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.
Sold for $550,000
Listing Provided by: Compass California, Inc.-PB
Bought with: BHGRE HAVEN PROPERTIES
$550,000
331 Panay St, Morro Bay, CA 93442
2beds
442sqft
Single Family Residence
Built in 1940
2,400 Square Feet Lot
$565,400 Zestimate®
$1,244/sqft
$2,295 Estimated rent
Home value
$565,400
$515,000 - $616,000
$2,295/mo
Zestimate® history
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List your homeWhat's special
Ocean viewsOpen layoutSpacious patioRenovated kitchenAmple space for gardeningThoughtfully updated interior
Zillow last checked:
Listing updated:
Listing Provided by:
Jessica Padilla DRE #02130559 805-769-8779,
Compass California, Inc.-PB
Bought with:
Trudy Burley-Glasspool, DRE #00868774
BHGRE HAVEN PROPERTIES
Source: CRMLS,MLS#: PI25021064
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Remodeled, Separate Shower
Heating
- See Remarks, Wall Furnace
Cooling
- None
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Breakfast Bar, Eat-in Kitchen, All Bedrooms Down
- Flooring: Vinyl
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 442 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Front door
- Patio & porch: Deck, Porch
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Mountain(s), Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 2,400 sqft
- Features: 0-1 Unit/Acre
Details
- Additional structures: Shed(s)
- Parcel number: 065051015
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Biking, Dog Park, Foothills, Fishing, Golf, Hiking, Park
Location
- Region: Morro Bay
- Subdivision: North Morro Bay (820)
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2025 | Sold | $550,000-2.7%$1,244/sqft |
Source:  CRMLS #PI25021064 Report a problem | ||
| 6/6/2025 | Pending sale | $565,000$1,278/sqft |
Source: CRMLS #PI25021064 Report a problem | ||
| 5/16/2025 | Contingent | $565,000$1,278/sqft |
Source: CRMLS #PI25021064 Report a problem | ||
| 5/2/2025 | Price change | $565,000-5.4%$1,278/sqft |
Source: CRMLS #PI25021064 Report a problem | ||
| 4/2/2025 | Price change | $597,000-2.8%$1,351/sqft |
Source: CRMLS #PI25021064 Report a problem | ||
| 3/7/2025 | Price change | $614,000-1.6%$1,389/sqft |
Source: CRMLS #PI25021064 Report a problem | ||
| 1/29/2025 | Listed for sale | $624,000+43.4%$1,412/sqft |
Source: CRMLS #PI25021064 Report a problem | ||
| 9/28/2023 | Sold | $435,000-8.4%$984/sqft |
Source: CRMLS #SC23132584 Report a problem | ||
| 9/26/2023 | Pending sale | $475,000$1,075/sqft |
Source: CRMLS #SC23132584 Report a problem | ||
| 8/28/2023 | Contingent | $475,000$1,075/sqft |
Source: CRMLS #SC23132584 Report a problem | ||
| 7/25/2023 | Listed for sale | $475,000+169.9%$1,075/sqft |
Source: CRMLS #SC23132584 Report a problem | ||
| 8/16/2012 | Sold | $176,000-6.4%$398/sqft |
Source: Public Record Report a problem | ||
| 6/29/2012 | Price change | $188,000-2.6%$425/sqft |
Source: Bay Osos Brokers #187146 Report a problem | ||
| 6/7/2012 | Listed for sale | $193,000-3.5%$437/sqft |
Source: Bay Osos Brokers #187146 Report a problem | ||
| 11/14/2010 | Listing removed | $200,000$452/sqft |
Source: Bay Osos Brokers #169904 Report a problem | ||
| 9/24/2010 | Listed for sale | $200,000-4.8%$452/sqft |
Source: Bay Osos Brokers #169904 Report a problem | ||
| 5/2/2008 | Sold | $210,000$475/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,891 +1.7% | $443,700 +2% |
| 2024 | $4,807 +108.5% | $435,000 +108.8% |
| 2023 | $2,306 +6.7% | $208,304 +2% |
| 2022 | $2,161 +1.6% | $204,220 +2% |
| 2021 | $2,127 +1% | $200,217 +1% |
| 2020 | $2,105 +1% | $198,165 +2% |
| 2019 | $2,083 +2% | $194,281 +2% |
| 2018 | $2,042 +2% | $190,473 +2% |
| 2017 | $2,002 +2% | $186,739 +2% |
| 2016 | $1,963 | $183,079 +1.5% |
| 2015 | $1,963 +10.6% | $180,330 +2% |
| 2014 | $1,775 | $176,799 -4.4% |
| 2012 | -- | $185,000 -14.1% |
| 2011 | -- | $215,299 +0.8% |
| 2010 | -- | $213,691 -0.2% |
| 2009 | -- | $214,200 +90.5% |
| 2008 | -- | $112,465 +669.8% |
| 2007 | -- | $14,610 +2% |
| 2006 | -- | $14,324 +2% |
| 2005 | -- | $14,044 +2% |
| 2004 | -- | $13,770 +1.9% |
| 2003 | -- | $13,519 +2% |
| 2002 | -- | $13,255 +2% |
| 2001 | -- | $12,996 |
Find assessor info on the county website
Neighborhood: 93442
Nearby schools
GreatSchools rating
- 6/10Del Mar Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Los Osos Middle SchoolGrades: 6-8Distance: 5.9 mi
- 8/10Morro Bay High SchoolGrades: 9-12Distance: 1.4 mi
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- California
- San Luis Obispo County
- Morro Bay
- 93442
- 331 Panay St
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