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Sold for $1,750,000
    • Listed by: Coast Realty • Christopher Bath • Contact: 805-225-2284
    Bought with: Coast Realty
    $1,750,000

    485 Morro Ave, Morro Bay, CA 93442

    3beds
    3,242sqft
    Single Family Residence
    Built in 1930
    0.54 Acres Lot
    $1,762,400 Zestimate®
    $540/sqft
    $5,211 Estimated rent

    Home value

    $1,762,400

    $1.62M - $1.92M

    $5,211/mo

    Zestimate® history
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    What's special

    A Legacy Central California Coastal Property. Rare opportunity for investors, developers, or boutique builders to secure over half an acre (.54 acres / 23,632 sq. ft.) in the heart of Morro Bay with prime build-out possibilities. Potential for two separate lots, next to a City Park plus the option of acquiring an adjacent abandoned city street, create room for an expanded development footprint. The 1930s residence offers 3,242 sq. ft. across two units, each with separate electric and gas meters. The main home includes 2 bedrooms and 2 baths with sweeping views of the bay and Morro Rock, while the secondary unit enjoys south-facing vistas across the park and waterfront. Known locally as The Red House, the property is crowned by the storied crow’s nest, one of Morro Bay’s most recognizable architectural features. Whether redeveloped or preserved as a private estate, this is a once-in-a-lifetime opportunity blending history, views, and exceptional potential on California’s Central Coast.

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Bath DRE #01231010 805-801-0268,

    Coast Realty

    Bought with:

    Christopher Bath, DRE #01231010

    Coast Realty

    Source: CRMLS,MLS#: SC25218818MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Primary Bedroom, Other
    Primary bedroom
    • Features: Multiple Primary Suites
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Inside
    Features
    • Multiple Primary Suites
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 3,242 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport, Garage, RV Access/Parking, See Remarks
    • Attached garage spaces: 2
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Fencing: None
    • Has view: Yes
    • View description: Back Bay
    • Has water view: Yes
    • Water view: Back Bay
    • Waterfront features: Across the Road from Lake/Ocean
    Lot
    • Size: 0.54 Acres
    • Features: Corner Lot
    Details
    • Parcel number: 066171002
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Raised
    • Roof: Composition,Shingle
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Fishing, Marina
    • Subdivision: Embarcadero(750)
    Location
    • Region: Morro Bay

    Financial & listing details

    • Price per square foot: $540/sqft
    • Tax assessed value: $1,900,000
    • Annual tax amount: $20,942
    • Date on market: 9/18/2025
    • Cumulative days on market: 190 days
    • Listing terms: Cash to New Loan

    Price history

    DateEventPrice
    4/13/2026Sold$1,750,000-11.4%$540/sqft
    Source: CRMLS #SC25218818 Report a problem
    4/13/2026Pending sale$1,975,000$609/sqft
    Source: CRMLS #SC25218818 Report a problem
    3/27/2026Contingent$1,975,000$609/sqft
    Source: CRMLS #SC25218818 Report a problem
    3/27/2026Price change$1,975,000-17.4%$609/sqft
    Source: CRMLS #SC25218818 Report a problem
    1/30/2026Price change$2,390,000-4%$737/sqft
    Source: CRMLS #SC25218818 Report a problem
    12/12/2025Price change$2,490,000-9.5%$768/sqft
    Source: CRMLS #SC25220419 Report a problem
    10/14/2025Listed for sale$2,750,000$848/sqft
    Source: CRMLS #SC25218818 Report a problem
    10/1/2025Contingent$2,750,000$848/sqft
    Source: CRMLS #SC25218818 Report a problem
    9/18/2025Listed for sale$2,750,000+77.4%$848/sqft
    Source: CRMLS #SC25220419 Report a problem
    8/13/2025Sold$1,550,000-18.4%$478/sqft
    Source: Public Record Report a problem
    7/28/2018Listing removed$1,899,000$586/sqft
    Source: Horizon Realty & Property Mgt #300536017 Report a problem
    7/26/2018Listed for sale$1,899,000$586/sqft
    Source: Horizon Realty & Property Mgt #300536017 Report a problem
    4/9/2018Listing removed$1,899,000$586/sqft
    Source: Horizon Realty & Property Mgt #SC18061648 Report a problem
    3/17/2018Listed for sale$1,899,000$586/sqft
    Source: Horizon Realty & Property Mgt #SC18061648 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,942 +344.1%$1,900,000 +345.2%
    2024$4,716 +1.8%$426,741 +2%
    2023$4,631 +6.7%$418,375 +2%
    2022$4,341 +1.6%$410,173 +2%
    2021$4,272 +1%$402,131 +1%
    2020$4,228 +1%$398,009 +2%
    2019$4,184 +3.9%$390,206 +2%
    2018$4,027 +2%$382,555 +2%
    2017$3,946 +2%$375,055 +2%
    2016$3,868 $367,702 +1.5%
    2015$3,868 +10.7%$362,180 +2%
    2014$3,495 $355,086 +2.5%
    2012-- $346,552 +2%
    2011-- $339,757 +0.8%
    2010-- $337,219 -0.2%
    2009-- $338,021 +2%
    2008-- $331,395 +2%
    2007-- $324,898 +2%
    2006-- $318,528 +2%
    2005-- $312,283 +2%
    2004-- $306,161 +1.9%
    2003-- $300,551 +2%
    2002-- $294,659 +2%
    2001-- $288,882
    Find assessor info on the county website

    Neighborhood: 93442

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