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457 Piney Way

Morro Bay, CA 93442

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$2,995,000

4,474 sq ft
  |  
0.14 acre

457 Piney Way

Morro Bay, CA 93442

Listed On: 10/06/2026
Status: Active
Listing Number: NS26203103 (CRMLS)

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Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Sheri D'Amico, BHGRE Haven Properties
Listing Co-Agent: Tim Harris, BHGRE Haven Properties

CONSTRUCTION COMPLETE & FULLY OCCUPIED! PRICED BELOW APPRAISED VALUE! Rare opportunity to own a newly constructed four-unit coastal property just minutes from Main Street, downtown Morro Bay, and the waterfront. This turnkey property combines modern coastal living with excellent income-producing potential. Demonstrating strong rental demand, all four residences were fully leased within just seven days of being offered for rent. The property features a two-story duplex with spacious 3BR/2.5BA residences of approximately 1,768 sq ft and 1,654 sq ft. Both offer open-concept kitchen, dining, and living areas, second-story balconies with partial coastal views, and attached two-car garages. Quality finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and contemporary kitchens with clean coastal styling. Two detached 1BR/1BA ADUs, approximately 526 sq ft each, provide additional rental income. Both feature second-story balconies, with one enjoying partial ocean views from the bedroom and deck. Each of the four residences is separately addressed and metered for electricity and water and includes owned solar and an individual fire sprinkler system reporting directly to the fire department. With all four units currently tenant occupied, this completed property offers immediate rental income and a unique opportunity to own a versatile, newly built investment property in one of the Central Coast's most desirable coastal communities.
Property Sub Type
Duplex
Year Built
2026
Year Built Source
Builder
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
3
Number Of Units Total
4
Entry Level
1
Price Per Square Foot
$669
Price Per Unit
$748,750
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
Yes
Property Attached Y/N
Yes
Rent Control Y/N
Yes
Cooling Y/N
Yes
Heating Y/N
Yes
Directions
From Morro Bay Blvd South, take Left on Piney Way to corner of Piney Way and Vista
Room Type
See Remarks
Heating
Electric
Cooling
Electric, ENERGY STAR Qualified Equipment
Laundry Y/N
Yes
Laundry Features
Individual Room, In Closet, Stackable
Construction Materials
Stucco
Foundation Details
Slab
Property Condition
Under Construction
Appliances Y/N
Yes
Appliances
Electric Water Heater, Refrigerator, Electric Range, Electric Oven, Dishwasher
Interior Features
Quartz Counters, High Ceilings, Ceiling Fan(s)
Accessibility Features
None
Flooring
Vinyl
Common Walls
1 Common Wall
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number With Refrigerator
4
Number With Range
4
Number With Dishwasher
4
Number With Disposal
4
Number Wall AC
4
Number With Carpet
0
Number Of Separate Electric Meters
4
Number Of Separate Water Meters
4
Electric
Photovoltaics Seller Owned
Utilities
Electricity Connected
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
4.00
Parking Features
Garage Faces Front
Garage Spaces
4.00
Lot Features
2-5 Units/Acre
Lot Size Area
6300.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
Road Surface Type
Paved
View Y/N
Yes
View
Ocean
Common Interest
None
Parcel Number
066186015
Additional Parcels Y/N
No
Neighborhood
Morro Bay Heights
Subdivision Name
Morro Heights (810)
Subdivision Name Other
Morro Heights (810)
Community Features
Curbs, Sidewalks
Senior Community Y/N
No
Association Y/N
No
Tenant Pays
All Utilities, Cable TV
Gross Income
13056.00
Land Lease Y/N
No
Assessments
Unknown
Gross Scheduled Income
13056.00
Gross Income
13056.00
Gross Income
13056.00
Tax Block
E
Tax Lot
8

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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