The median home value in Morro Bay, CA is $825,000.
This is
higher than
the county median home value of $642,500.
The national median home value is $277,796.
The average price of homes sold in Morro Bay, CA is $825,000.
Approximately 42% of Morro Bay homes are owned,
compared to 36% rented, while
22% are vacant.
Morro Bay real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Morro Bay real estate agent to arrange a tour today!
Learn more about Morro Bay.
If you want to build your dream home here is a great opportunity at 2870 Cedar Ave in Morro Bay with 2nd story peak ocean views. Just blocks to the beach, Cloisters Park, Morro Bay High School & Del Mar Elementary. This is a flat street-to-street lot close proximity to the ocean, groceries, schools, shops, the embarcadero & downtown. This 4000 square foot lot is zoned RM - Residential Medium Density. Other area highlights are Morro Strand & Morro Bay State Parks, Morro Rock & the Elfin Forest is close by. Del Mar park with tennis, pickle ball courts and walking paths is closeby in the neighborhood. Cayucos is just a few miles, and Cambria and San Simeon are about 30 minutes. There is no end to the host of recreational activities from kayaking, sailing & boating, SUPs, biking, fishing and more! The City of Morro Bay's zoning requirements for RM and uses for the land can be found in the Listing Supplements, accessed by your real estate pro. Please refer to the document and/or to the City for any specific questions not answered there. There is a #2 Splice Box on the southwest corner for PG&E. There are also a couple of water spigots inside the lot, no current water service, buyer to investigate. Other utilities such as sewer will need to be hooked-in from the street. Permittting will be required. Coastal Commission zone, however the CC has approved the Land Use and Zoning Plan provided in the Supplements. An old survey exists and old permits from an ADU attempt, now expired, history unknown and will be provided in the supplements. Close of escrow will be delayed due to Trust timeline, see private remarks. Peak ocean view if second story is allowable.
Calling Builders! Calling Investors! Looking to Build NOW? TWO Ready To Build Lots in Morro Bay!! Incredible Views & Backs Up To Open Space! ***Approved Permits and Plans in Hand/Paid For...these are Ready To Build Ocean View Lots! No Catch Here...just an Incredible Opportunity! Owner has done all the work for you with Modern Home Design plans included from inside out. Buy Lot 5 or Lot 6 or buy both for a package deal. This is the perfect opportunity if youre looking to fast track a home for yourself or searching for a rare investment opportunity that currently exists in Morro Bay! 3D Virtual walk through tour of plans is available along with interior design book of exterior and interior finishes. Price recently reduced and each lot is being offered for $599,000.
Calling Builders! Calling Investors! Looking to Build NOW? TWO Ready To Build Lots in Morro Bay!! Incredible Views & Backs Up To Open Space! ***Approved Permits and Plans in Hand/Paid For...these are Ready To Build Ocean View Lots! No Catch Here...just an Incredible Opportunity! Owner has done all the work for you with Modern Home Design plans included from inside out. Buy Lot 5 or Lot 6 or buy both for a package deal. This is the perfect opportunity if youre looking to fast track a home for yourself or searching for a rare investment opportunity that currently exists in Morro Bay! 3D Virtual walk through tour of plans is available along with interior design book of exterior and interior finishes. Price recently reduced and each lot is being offered for $599,000.
Ready to build! Nearly level flag lot on a private street in Morro Bay. Views of Morro Rock, with potential for second-story ocean views in your future home. Utilities have been stubbed to each property and the required fire turn-around is in place on a neighboring lot. The common driveway is paved and is shared with neighboring parcels. Please be mindful not to disturb neighboring residences or to block the shared driveway. The privacy of this location can be yours soon! Contact your Realtor today!
Location, Location, Location! This lot has great potential with the spectacular 180 view of Estero Bay and Morro Rock, from Cayucos to Montana De Oro and beyond. The lot is a blank canvas for you to build your dream home. Enjoy the great backyard view of rolling hills and pastureland. There are surveys, elevation reports, soil reports, and copies of home plans on record for serious buyers. This lot isn't going to last long, so be the first to reach out if you want this to be yours!
Downtown Morro Bay vacant lot!!!! A 6970 square foot C-1 zoned commercial lot with a 40 foot wide frontage and possible ocean and rock views from a second story. Prime location close to downtown Morro Bay. This property has great Hwy 1 access, close to the Embarcadero, beach, bay, restaurants and shopping. Check with the City about possible uses, set backs, height allowances and zone changes pending adoption early in 2023. There are very few vacant lots available in Morro Bay and this is a great opportunity to develop a mixed use project in this beautiful town. Information not verified.
This choice lot is ready for building. Imagine a spacious home on a spacious lot with unblock able ocean views in Morro Bay and it is yours! Stand on building pad and check huge ocean vistas free of utility lines. This is your opportunity! This parcel is over half an acre with spectacular ocean and hillside views. All utilities are underground with City Water. This quiet neighborhood is on a cul-de-sac with close proximity to Del Mar Park with tennis and pickle ball courts and the Morro Strand beach. Deer, turkey, birds, and butterflies share the property. Contemporary house plans included for 3 bedrooms, 3 baths with total living space of 2776 sf, plus 507 sf in an attached garage. Every room has ocean or mountain views. Multiple outdoor spaces have ocean views for dining outside and for soaking in the spa. Spacious owner's suite has large walk-in closet and en suite bath with ocean view soaking tub. Separate office and laundry room.Minor Use Permit is for the site and house design that was submitted to the City. The permit is valid for 2 years with possibility of 2 one year extensions. Lot is just outside the coastal zone. Soils engineering report. Even the fire department has given approval. Ready to go!!
Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property. Purchase Price: $3,890,000 per most current appraisal, 2021. Call for more details.
Image this 5-acre parcel being improved with a custom home, barn, shop, and white rail fencing on the lot lines. Your estate can be seen for miles when driving up or down the coast or from the air. This unique parcel is the remaining part of the Sequoia Ct tract of ten half-acre lots, and custom homes that average over 3000 sq ft in size. The entire subdivision is outside of the Coastal Commission Zone, but inside the City Limits and includes all city services and all public utilities. The subdivision is very private, and wildlife of deer, quail, rabbits, hawks, and Monarch butterflies abound. The ocean views are unobstructed. There are no HOA monthly dues or road maintenance. This is a flag lot, which from the air looked like an arrowhead. All four corners are staked, and a building pad is roughed in. A copy of the CC&Rs and the original soil report from Geo-Solutions is attached as a supplement. The Buyer will need to negotiate a fee directly with Geo Solutions to upgrade the reports when applying for a building permit. However, the fee will be less costly than the original reports. The original developer controls the CC&Rs and will allow the ADU unit. With an updated soil report and a full set of house plans, you should be able to secure a building permit within 6 to 9 months. You also have the option to add a separate ADU "accessory dwelling unit" for Mom and Dad. Call your contractor today.
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