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$597,000
86 Days On Site

331 Panay Street
Morro Bay, CA 93442

For Sale|Single Family Residence|Active
2
Beds
1
Full Bath
0
Partial Baths
442
SqFt
$1,351
/SqFt
1940
Built
Subdivision:
North Morro Bay (820)
County:
San Luis Obispo
Listed by Jessica Padilla of Compass California, Inc.-PB [email protected]
Upcoming Open Houses
Sat, Apr 26 9 PM - 11 PM UTC
331 Panay Street331 Panay Street331 Panay Street331 Panay Street
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Mortgage Calculator

Monthly Payment (Est.)

$2,724
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$597,000
Days On Site 
86 Days
Bedrooms 
2
Inside Area (SqFt) 
442 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.0551 Acres
Year Built 
1940
MLS® Number 
PI25021064
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoPrice changed to $597,000
3 weeks agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.0551
Number Of Stories 
1
Parking 
Driveway
Parking Spaces 
3
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Standard
Stories 
One
Style 
Bungalow
Utilities 
Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R1
Interior Features
Fireplace Features 
None
Flooring 
Vinyl
Heating 
See RemarksWall Furnace
Interior 
Breakfast BarEat-in Kitchen
Laundry Features 
Washer HookupGas Dryer Hookup
Main Level Bedrooms 
2
Window Features 
Double Pane Windows
Bathroom 
Bedroom 
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Exterior Features
Other Structures 
Shed(s)
Patio And Porch 
DeckPorch
Pool Features 
None
Spa Features 
None
View 
Mountain(s)Ocean
Waterview 
Mountain(s)Ocean
Windows/Doors 
Double Pane Windows
Community Features
Association Amenities 
Dog Park
Building Access 
Front door
Community Features 
FishingGolfPark
MLS Area 
MRBY - Morro Bay
School District 
San Luis Coastal Unified
Schools
School District
San Luis Coastal Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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