Endless Possibilities in Morro Heights! This expansive corner lot offers exceptional versatility with two separate homes on a spacious 9,400 sq. ft. lot. The primary residence features 2 bedrooms and 1 bathroom, while the secondary unit is a 1 bedroom, 1 bathroom—perfect for rental income, extended family, or a private guest retreat. Located in desirable Morro Heights, you're just blocks away from Morro Bay's historic downtown, charming shops, restaurants, and the stunning Morro Bay State Park. Whether you're looking to build your dream home with a detached rental unit, renovate and maximize rental income, or explore adding a third unit (buyer to verify with the City of Morro Bay),this property offers a rare opportunity in a neighborhood evolving toward the future.
Sold for $1,054,000
Listing Provided by: BHGRE HAVEN PROPERTIES
Bought with: RE/MAX Success
$1,054,000
998 Balboa St, Morro Bay, CA 93442
3beds
896sqft
Single Family Residence
Built in 1949
9,400 Square Feet Lot
$1,074,600 Zestimate®
$1,176/sqft
$2,934 Estimated rent
Home value
$1,074,600
$924,000 - $1.23M
$2,934/mo
Zestimate® history
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$2,934/mo
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$6,598/mo
Est. payment
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$6,598/mo
Est. payment
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Expansive corner lot
Zillow last checked:
Listing updated:
Listing Provided by:
Stanley Craig DRE #00995466 805-235-0514,
BHGRE HAVEN PROPERTIES
Bought with:
Renee Neel, DRE #01942360
RE/MAX Success
Amy Austin, DRE #02180500
GUIDE Real Estate
Source: CRMLS,MLS#: SC25108161
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Up
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Bathtub, Full Bath on Main Level, Laminate Counters, Tub Shower
Kitchen
- Features: Kitchen/Family Room Combo, Laminate Counters
Cooling
- None
Appliances
- Included: Electric Range, Gas Range, Gas Water Heater, Water Heater
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Inside
Features
- Laminate Counters, All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Flooring: Carpet, Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 896 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Multi, Driveway, Garage Faces Front, Garage, RV Access/Parking, One Space
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Up Stairs
- Patio & porch: Deck
- Pool features: None
- Spa features: None
- Fencing: Fair Condition,Wood
- Has view: Yes
- View description: Hills, Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 9,400 sqft
- Features: Back Yard, Corner Lot, Front Yard, Gentle Sloping, Near Park, Sprinklers None
Details
- Additional structures: Guest House Detached, Guest House
- Parcel number: 066084063
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Raised
- Roof: Composition,Rolled/Hot Mop
Condition
- Fixer
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Biking, Fishing, Golf, Hiking, Street Lights, Water Sports, Park
Location
- Region: Morro Bay
- Subdivision: Morro Heights (810)
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $1,054,000-1.4%$1,176/sqft |
Source:  CRMLS #SC25108161 Report a problem | ||
| 7/25/2025 | Contingent | $1,069,000$1,193/sqft |
Source: CRMLS #SC25108161 Report a problem | ||
| 5/16/2025 | Listed for sale | $1,069,000+1062%$1,193/sqft |
Source: CRMLS #SC25108161 Report a problem | ||
| 1/9/1995 | Sold | $92,000-35.8%$103/sqft |
Source: Public Record Report a problem | ||
| 8/1/1994 | Sold | $143,342$160/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,741 +1.7% | $248,700 +2% |
| 2024 | $2,695 +1.8% | $243,825 +2% |
| 2023 | $2,646 +6.7% | $239,045 +2% |
| 2022 | $2,480 +1.6% | $234,359 +2% |
| 2021 | $2,441 +1% | $229,765 +1% |
| 2020 | $2,416 +1% | $227,410 +2% |
| 2019 | $2,391 +2% | $222,952 +2% |
| 2018 | $2,344 +2% | $218,581 +2% |
| 2017 | $2,298 +2% | $214,296 +2% |
| 2016 | $2,253 | $210,095 +1.5% |
| 2015 | $2,253 +10.6% | $206,940 +2% |
| 2014 | $2,037 | $202,887 +2.5% |
| 2012 | -- | $198,012 +2% |
| 2011 | -- | $194,131 +0.8% |
| 2010 | -- | $192,681 -0.2% |
| 2009 | -- | $193,139 +2% |
| 2008 | -- | $189,353 +6.1% |
| 2005 | -- | $178,435 +2% |
| 2004 | -- | $174,937 +1.9% |
| 2003 | -- | $171,732 +2% |
| 2002 | -- | $168,366 +2% |
| 2001 | -- | $165,066 |
Find assessor info on the county website
Neighborhood: 93442
Nearby schools
GreatSchools rating
- 6/10Del Mar Elementary SchoolGrades: K-5Distance: 2.5 mi
- 8/10Los Osos Middle SchoolGrades: 6-8Distance: 2.9 mi
- 8/10Morro Bay High SchoolGrades: 9-12Distance: 1.8 mi
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$1,074,600
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$1,096,092
- California
- San Luis Obispo County
- Morro Bay
- 93442
- 998 Balboa St
Nearby cities
Nearby zip codes
Other Morro Bay Topics
