331 Panay Street Morro Bay CA 93442 MLS #PI25021064

  1. ca
  2. morro-bay
  3. north-morro-bay-820-
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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.

Property Details

Schools

School District:
San Luis Coastal Unified

Interior

Cooling
None
Fireplace Features
None
Flooring
Vinyl
Heating
See Remarks, Wall Furnace
Window Features
Double Pane Windows

Exterior

Community Features
Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park
Electric
Electricity – On Property
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Mountain(s), Ocean
Water Source
Public

Financial

Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Morro Bay Neighborhoods

Courtesy of Compass California, Inc.-PB. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
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