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Sold for $535,000
    • Listed by: Home & Ranch Sotheby's Intl • Ian Chandler • Contact: 530-545-9561
    Bought with: Farrell Smyth Real Estate
    $535,000

    490 Morro Ave APT 5, Morro Bay, CA 93442

    1beds
    530sqft
    Condominium
    Built in 1978
    -- sqft lot
    $535,000 Zestimate®
    $1,009/sqft
    $2,063 Estimated rent

    Home value

    $535,000

    $498,000 - $572,000

    $2,063/mo

    Zestimate® history
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    What's special

    Electric fireplaceAbundant natural lightCustom cabinetryLarge single-basin sinkSoft-close drawers
    Set on the edge of the Embarcadero, this turnkey Morro Bay condo puts you just a one-minute walk from the waterfront and minutes from the best of Morro Bay. Step out to the front of the complex and take in beautiful views of Morro Rock, with Franklin Riley Park across the street, Tidelands Park and playground nearby, and easy access to the harbor, waterfront dining, coffee shops, art galleries, kayaking, paddleboarding, coastal trails, the Main Street Farmers Market, Morro Bay Golf Course, Morro Bay State Park, and the Museum of Natural History. Inside, this 1-bedroom end-unit condo is bright, inviting, and in excellent condition, with abundant natural light and peekaboo views of the bay and Black Hill. The living area features an electric fireplace, creating a comfortable place to unwind after a day by the water. The kitchen is well appointed with custom cabinetry, soft-close drawers, a large single-basin sink, and an Electrolux range with induction cooktop. The bedroom includes a walk-in closet, while the bathroom features a large walk-in shower and a stacked washer and dryer for everyday convenience. The condo also includes a designated covered carport directly below the unit, offering easy access, plus private storage space for beach gear, golf clubs, bikes, or weekend essentials. The HOA has been well managed, with recent exterior improvements including fresh paint, a new roof, new railings, and other updates throughout the property. Whether you’re looking for a low-maintenance coastal getaway, a convenient second home, or a quiet Morro Bay retreat to escape the heat of the valley or the pace of the city, this condo is ready to enjoy from day one.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ian Chandler DRE #01955407 530545-9561,

    Home & Ranch Sotheby's Intl

    Bought with:

    Bill Maddox, DRE #01972575

    Farrell Smyth Real Estate

    Source: CRMLS,MLS#: NS26112425MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Kitchen, Living Room, Primary Bedroom, Other
    Primary bedroom
    • Features: Primary Suite
    Other
    • Features: Walk-In Closet(s)
    Heating
    • Radiant
    Cooling
    • None
    Appliances
    • Included: Electric Range, Microwave, Refrigerator, Water Heater
    • Laundry: Inside, See Remarks
    Features
    • Primary Suite, Walk-In Closet(s)
    • Windows: Double Pane Windows
    • Has fireplace: Yes
    • Fireplace features: Electric, Living Room
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 530 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Carport, Storage
    • Carport spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Entry location: front
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Bay, Hills, Neighborhood, Peek-A-Boo
    • Has water view: Yes
    • Water view: Bay
    • Waterfront features: Across the Road from Lake/Ocean, Ocean Side Of Highway
    Lot
    • Size: 530 Square Feet
    Details
    • Parcel number: 066179005
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Biking, Fishing, Golf, Hiking, Water Sports
    • Subdivision: Embarcadero(750)
    HOA
    • Has HOA: Yes
    • Amenities included: Maintenance Grounds, Insurance, Trash
    • Services included: Earthquake Insurance
    • HOA fee: $350 monthly
    • HOA name: Rusty Anchor Homeowners Association
    • HOA phone: 661-619-7661
    Location
    • Region: Morro Bay

    Financial & listing details

    • Price per square foot: $1,009/sqft
    • Tax assessed value: $363,418
    • Annual tax amount: $4,006
    • Date on market: 5/28/2026
    • Cumulative days on market: 6 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    7/13/2026Sold$535,000-2.6%$1,009/sqft
    Source: CRMLS #NS26112425 Report a problem
    6/4/2026Pending sale$549,000$1,036/sqft
    Source: CRMLS #NS26112425 Report a problem
    5/28/2026Listed for sale$549,000+10%$1,036/sqft
    Source: CRMLS #NS26112425 Report a problem
    7/11/2025Sold$499,000$942/sqft
    Source: CRMLS #SC25016127 Report a problem
    6/9/2025Contingent$499,000$942/sqft
    Source: CRMLS #SC25016127 Report a problem
    4/22/2025Price change$499,000-3.1%$942/sqft
    Source: CRMLS #SC25016127 Report a problem
    1/23/2025Listed for sale$515,000+14.5%$972/sqft
    Source: CRMLS #SC25016127 Report a problem
    4/5/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/29/2024Price change$1,800-8.9%$3/sqft
    Source: Zillow Rentals Report a problem
    3/20/2024Listed for rent$1,975$4/sqft
    Source: Zillow Rentals Report a problem
    9/2/2019Listing removed$449,900$849/sqft
    Source: The Harley Group #NS19151465 Report a problem
    6/26/2019Listed for sale$449,900+46.5%$849/sqft
    Source: The Harley Group #NS19151465 Report a problem
    11/23/2015Sold$307,000-3.8%$579/sqft
    Source: Public Record Report a problem
    10/15/2015Pending sale$319,000$602/sqft
    Source: Coast Realty #SC1059750 Report a problem
    9/29/2015Listed for sale$319,000+35.7%$602/sqft
    Source: Coast Realty #SC1059750 Report a problem
    2/28/2003Sold$235,000+99.2%$443/sqft
    Source: Public Record Report a problem
    6/22/1998Sold$118,000$223/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,006 +1.7%$363,418 +2%
    2024$3,938 +1.8%$356,293 +2%
    2023$3,866 +6.7%$349,308 +2%
    2022$3,624 +1.6%$342,460 +2%
    2021$3,566 +1%$335,746 +1%
    2020$3,530 +1%$332,304 +2%
    2019$3,493 +2%$325,789 +2%
    2018$3,425 +2%$319,402 +2%
    2017$3,358 +2%$313,140 +2%
    2016$3,292 +0%$307,000 +8.4%
    2015$3,292 +67.3%$283,185 +39.5%
    2014$1,968 $203,000
    2012-- $203,000 -21%
    2011-- $257,000 -2.5%
    2010-- $263,670 -0.2%
    2009-- $264,297 +2%
    2008-- $259,116 +2%
    2007-- $254,037 +2%
    2006-- $249,057 +2%
    2005-- $244,174 +2%
    2004-- $239,387 +84%
    2003-- $130,086 +2%
    2002-- $127,536 +2%
    2001-- $125,036
    Find assessor info on the county website

    Neighborhood: 93442

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