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487 & 489 Estero

Morro Bay, CA 93442

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$1,495,000

6 bd
  |  
4 ba
  |  
2,700 sq ft
  |  
0.14 acre

487 & 489 Estero

Morro Bay, CA 93442

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Listed On: 06/02/2026
Status: Active
Listing Number: SC26117151 (CRMLS)

Open House

Thu, Jun 11
4:00pm - 11:30am
Courtesy of Dale Kaiser Real Estate

Sat, Jun 13
11:00am - 2:00pm
Courtesy of Dale Kaiser Real Estate

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Dale Kaiser, Dale Kaiser Real Estate
Listing Co-Agent: Gail Riley, Dale Kaiser Real Estate

Morro Bay Coastal Retreat: Views and Versatility Prepare to be mesmerized by views of iconic Morro Harbor and Rock with the panoramic backdrop of the Pacific Ocean. Are you dreaming of a lucrative multi-family income property or a spacious single-family coastal compound? Look no further! This masterfully crafted gem offers unparalleled flexibility, serving perfectly as three private living retreats or one comfortable main residence paired with a high-end ADU. Situated on an impressively oversized lot with a clever downhill orientation on a quiet street with similarly sized properties. Parking is a breeze with plenty of off street space and an oversized two-car garage. Hardscape pavers and lovely landscape provide an inviting entry and front patio courtyard. The ground level entry opens to a bedroom, stairs to primary living space and hallway entrance to the optional ADU. The second level is truly the heart of the home-a lovely light-filled space with a wall of windows frames the ocean views to be enjoyed from living, dining, kitchen and even the primary ensuite. A second bedroom/bath suite provides additional sleeping space.The spacious and sun drenched deck extends living space and is the icing on the cake. At the rear of the property, discover a charming, approximately 700 sq. ft. two-bedroom ADU with its own address and separate utility meters-ideal for guests or rental income. This private haven includes its own yard, laundry, and a versatile outbuilding perfect for a quiet home office or a creative art studio. New owners will benefit by the addition of solar provided through a Power Purchase Agreement. Furnishings may be included and are negotiable. Perfectly situated near the vibrant downtown, easy HWY 1 access, and the majestic State Park, this property is a rare crown jewel of the coast. Don't miss your chance to own this slice of paradise-see it today!
Property Sub Type
Single Family Residence
Structure Type
House
Year Built
1980
Year Built Source
Estimated
Special Listing Conditions
Trust
Stories Total
2
Levels
Two
Number Of Units Total
2
Entry Level
1
Entry Location
Front Door
Price Per Square Foot
$554
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
No
Cooling Y/N
No
Fence Y/N
Yes
Heating Y/N
Yes
Directions
From MB Blvd., Head toward Napa Ave., Turn right onto Piney Way. Turn left onto Anchor St. Turn right at the 1st cross street onto Estero Ave. Property will be on the right
Room Type
Walk-In Closet, Laundry, Kitchen, Living Room, Main Floor Bedroom, Family Room
Heating
Electric
Cooling
None
Laundry Y/N
Yes
Laundry Features
Inside, Individual Room, Washer Included, Dryer Included
Door Features
Sliding Doors
Window Features
Double Pane Windows
Other Structures
Outbuilding
Main Level Bedrooms
2
Bathrooms Full
4
Bathrooms Full And Three Quarter
4
Main Level Bathrooms
1
Appliances Y/N
Yes
Appliances
Microwave, Refrigerator, Trash Compactor, Electric Range, Electric Oven, Dishwasher
Room Bathroom Features
Shower in Tub, Bathtub
Interior Features
Ceiling Fan(s)
Common Walls
No Common Walls
Fireplace Y/N
Yes
Fireplace Features
Living Room
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
Patio Y/N
Yes
Patio And Porch Features
Deck
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
2.00
Parking Features
Garage, Garage Faces Front, Driveway, Garage Door Opener, Garage - Two Door
Attached Garage Y/N
Yes
Garage Spaces
2.00
Number Remotes
2
Lot Features
Landscaped, Yard
Lot Size Area
6000.0000
Lot Size Units
Square Feet
View Y/N
Yes
View
Ocean, Bay, Hills
Fencing
Wood, Privacy
Common Interest
None
Parcel Number
066191027
Additional Parcels Y/N
No
Subdivision Name
Morro Heights (810)
Subdivision Name Other
Morro Heights (810)
Community Features
Watersports, Golf, Biking, Dog Park, Hiking, Fishing, Street Lights
Senior Community Y/N
No
Association Y/N
No
High School District
San Luis Coastal Unified
Lease Considered Y/N
No
Land Lease Y/N
No
Assessments
Unknown
Tax Lot
2

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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