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457 Piney Way, Morro Bay, CA 93442

$2,995,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Sheri D'Amico | sheri@pasopremier.com
Lic#: 01924542
Broker: Courtesy of BHGRE Haven Properties
Phone: 805-206-6328

Co Listing Agent

Tim Harris | THarrisre@gmail.com
Lic#: 02219627
Broker: Courtesy of BHGRE Haven Properties
Phone: 805-400-7560

Agent Remarks

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.

Listing Details

Property type: Duplex (Multi-Family)

Status: Active

MLS# NS26203103

Price: $2,995,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 2026

2 stories

0.14 acres

Lot size: 0.1446

Subdivision: Morro Heights (810)

County: San Luis Obispo

Construction: Stucco

Interior features: Ceiling Fan(s),High Ceilings,Quartz Counters

Appliances: Dishwasher,Electric Oven,Electric Range,Electric Water Heater,Refrigerator

Parking description: Garage Faces Front

Lot description: TwoToFiveUnitsAcre

Heating/cooling: Electric,ENERGY STAR Qualified Equipment

Heating description: Electric

MLS area: MRBY - Morro Bay

Last Updated: 10/22/2026

Days On Market (DOM): 28

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This listing belongs to the MRBY - Morro Bay MLS area

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Lat/Long: 35.361031, -120.845585.
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