Set high above at the top of the street commanding panoramic ocean views, this property presents a rare opportunity to complete a dream coastal retreat. The open, modern layout design and ready for your creative finishing touches--ideal for those with a vision. Currently amid an unfinished remodel, much of the property is exposed wood studs and requires completion. The new owner will need to submit plans to the city for permits. The home is temporarily supported by scaffolding, which will transfer with the property, with the buyer to assume the lease costs. Whether you're a seasoned investor or a hands-on homeowner looking for your next project, this property offers unmatched potential in a prime location with world-class views.
Sold for $536,500
Listed by: RE/MAX Gold Coast REALTORS • Evan Remedios • Contact: 805-415-9650
Bought with: eXp Realty of California, Inc
$536,500
498 Orcas St, Morro Bay, CA 93442
2beds
1,854sqft
Single Family Residence
Built in 1995
2,400 Square Feet Lot
$611,500 Zestimate®
$289/sqft
$3,434 Estimated rent
Home value
$611,500
$581,000 - $642,000
$3,434/mo
Zestimate® history
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$3,332/mo
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List your homeWhat's special
Panoramic ocean viewsOpen modern layout designExposed wood studs
Zillow last checked:
Listing updated:
Listed by:
Evan Remedios DRE #02019559 805-415-9650,
RE/MAX Gold Coast REALTORS,
Co-Listing Agent: Eric Evarts DRE #01253434 805-339-3596,
RE/MAX Gold Coast REALTORS
Bought with:
Janelle Eagle, DRE #02162444
eXp Realty of California, Inc
Source: CRMLS,MLS#: V1-32963
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Heating
- Central
Cooling
- None
Appliances
- Included: Refrigerator
- Laundry: Inside
Features
- Main Level Primary
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,854 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Carport spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: First floor
- Patio & porch: None
- Pool features: None
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: Coastline, Ocean, Water
- Has water view: Yes
- Water view: Coastline,Ocean,Water
Lot
- Size: 2,400 Square Feet
- Features: Sprinklers None
Details
- Parcel number: 065057030
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Fixer,Repairs Major
- Year built: 1995
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
Location
- Region: Morro Bay
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $262,512
- Annual tax amount: $2,816
- Date on market: 10/20/2025
- Cumulative days on market: 27 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Sold | $536,500-14.2%$289/sqft |
Source:  CRMLS #V1-32963 Report a problem | ||
| 1/15/2026 | Pending sale | $625,000$337/sqft |
Source: CRMLS #V1-32963 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,816 +1.8% | $262,512 +2% |
| 2024 | $2,767 +1.9% | $257,365 +2% |
| 2023 | $2,715 +6.7% | $252,319 +2% |
| 2022 | $2,544 +1.7% | $247,373 +2% |
| 2021 | $2,502 +1.1% | $242,523 +1% |
| 2020 | $2,475 +1.1% | $240,037 +2% |
| 2019 | $2,448 +2.1% | $235,332 +2% |
| 2018 | $2,399 +2.1% | $230,719 +2% |
| 2017 | $2,350 +2.1% | $226,196 +2% |
| 2016 | $2,303 | $221,762 +1.5% |
| 2015 | $2,303 +10.7% | $218,432 +2% |
| 2014 | $2,080 | $214,154 +2.5% |
| 2012 | -- | $209,008 +2% |
| 2011 | -- | $204,910 +0.8% |
| 2010 | -- | $203,380 -0.2% |
| 2009 | -- | $203,864 +2% |
| 2008 | -- | $199,867 +2% |
| 2007 | -- | $195,949 +2% |
| 2006 | -- | $192,108 +2% |
| 2005 | -- | $188,342 +2% |
| 2004 | -- | $184,650 +1.9% |
| 2003 | -- | $181,267 +2% |
| 2002 | -- | $177,714 +2% |
| 2001 | -- | $174,230 |
Find assessor info on the county website
Neighborhood: 93442
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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
- 498 Orcas St
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