331 Panay St

442 Sq. Ft.
$1,244 / Sq. Ft.
442
Sq. Ft.
$1,244
per Sq. Ft.

Description

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
...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.

Listing Agent

  1. Jessica May Padilla

    Jessica May Padilla

    Listing Agent

    Compass

    DRE #02130559

Property Details for 331 Panay Street

Architectural Style
Bungalow
View
Mountain(s), Ocean
Parking Spaces Total
3
Private Pool
No
Cooling Type
None
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 06/16/2025 04:05 AM

Property Details for 331 Panay Street

StatusClosed
MLS #PI25021064
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1940
Lot Size0.06 AC / 2,400 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Compass California, Inc.-PB, Jessica May Padilla, DRE #02130559

Sold By BHGRE HAVEN PROPERTIES, Trudy Burley-Glasspool, DRE #00868774

Add your commute

Building Information for 331 Panay Street

Stories1Year Built1940Building Size-Lot Size0.06 AC / 2,400 SF

Payment Calculator

$3,089 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,681

Property Taxes

$408

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 331 Panay Street

Income / Expense / Tax Details
Income Details
  • Financing: Conventional
Tax / Assessment Info
  • Tax Block: 5
  • Tax Census Tract: 105.06
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 17
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park
  • Community: North Morro Bay (820)
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Room Bathroom Features: Shower, Remodeled
  • Bedroom Features: All Bedrooms Down
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Laundry Location: Gas, Washer Hookup
  • Laundry Utilities: Gas, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: Other, Wall
  • Heating: See Remarks, Wall Furnace
  • Heat Equipment: Wall/Gravity, Other/Remarks
  • Floor Coverings: Linoleum/Vinyl
  • Flooring: Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Entry Location: Front door
  • Structures: Foothills
  • Structure Type: House
  • Other Structures: Shed(s)
  • Miscellaneous: Foothills
  • View Description: Ocean
  • Patio: Yes
  • Patio And Porch Features: Deck, Porch
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 0-1 Unit/Acre
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Number Remotes: 0
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Property / Structure Info
  • Builders Tract Name: North Morro Bay
  • Builders Tract Code: North Morro Bay (820)
  • Architectural Style: Craftsman/Bungalow
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 331 Panay Street

DateEvent & SourcePriceAppreciation
Jun 16, 2025

Sold

SDMLS #PI25021064

$550,000—
Jun 16, 2025

Sold

CRMLS #PI25021064

$550,000—
Jun 16, 2025

Sold

CLAW #PI25021064MR

$550,000—
Jun 6, 2025

Pending

CRMLS #PI25021064

—
May 29, 2025

Sold (Public Record)

Public Record #1882923745

$550,000

+14.4% / yr

May 15, 2025

Pending

CLAW #PI25021064MR

—
May 15, 2025

Pending

SDMLS #PI25021064

—
May 15, 2025

Pending - Continue to Show

CLAW #PI25021064MR

—
May 15, 2025

Pending - Continue to Show

CRMLS #PI25021064

—
May 2, 2025

Price Change

CLAW #PI25021064MR

$565,000—
May 2, 2025

Price Change

CRMLS #PI25021064

$565,000—
Apr 2, 2025

Price Change

CLAW #PI25021064MR

$597,000—
Apr 2, 2025

Price Change

CRMLS #PI25021064

$597,000—
Mar 7, 2025

Price Change

CLAW #PI25021064MR

$614,000—
Mar 7, 2025

Price Change

CRMLS #PI25021064

$614,000—
Jan 29, 2025

Listed (Active)

CRMLS #PI25021064

$624,000—
Jan 8, 2025

Listed (Active)

SDMLS #PI25021064

$624,000—
Jan 8, 2025

Listed (Active)

CLAW #PI25021064MR

$624,000—
Sep 28, 2023

Sold

CLAW #SC23132584MR

$435,000—
Sep 28, 2023

Sold

CRMLS #SC23132584

$435,000—
Sep 28, 2023

Sold

SDMLS #SC23132584

$435,000—
Sep 26, 2023

Pending

CRMLS #SC23132584

—
Aug 31, 2023

Sold (Public Record)

Public Record #1519058686

$435,000

+8.5% / yr

Aug 28, 2023

Pending

CLAW #SC23132584MR

—
Aug 28, 2023

Pending - Continue to Show

CLAW #SC23132584MR

—
Aug 28, 2023

Pending - Continue to Show

CRMLS #SC23132584

—
Aug 28, 2023

Pending

SDMLS #SC23132584

—
Jul 24, 2023

Listed (Active)

CRMLS #SC23132584

$475,000—
Jul 19, 2023

Listed (Active)

SDMLS #SC23132584

$475,000—
Jul 19, 2023

Listed (Active)

CLAW #SC23132584MR

$475,000—
Aug 17, 2012

Permanently Off Market

NSBCMLS #187146

$188,000—
Aug 16, 2012

Sold

NSBCMLS #187146

$176,000—
Aug 16, 2012

Sold

CLAW #SC187146MR

$176,000—
Aug 16, 2012

Sold

CRMLS #SC187146

$176,000—
Jul 30, 2012

Sold (Public Record)

Public Record #336358702

$176,000

-4.0% / yr

Jul 17, 2012

Pending

CRMLS #SC187146

—
Jul 17, 2012

Pending

CLAW #SC187146MR

—
Jun 6, 2012

Listed (Active)

CRMLS #SC187146

$193,000—
Jun 6, 2012

Listed (Active)

NSBCMLS #187146

$193,000—
Jun 6, 2012

Listed (Active)

CLAW #SC187146MR

$193,000—
Apr 5, 2012

Expired

CRMLS #SC169904

$200,000—
Nov 11, 2010

Expired

CLAW #SC169904MR

—
Nov 11, 2010

Permanently Off Market

NSBCMLS #169904

$200,000—
Sep 21, 2010

Listed (Active)

CLAW #SC169904MR

$200,000—
Sep 21, 2010

Listed (Active)

NSBCMLS #169904

$200,000—
Sep 21, 2010

Listed (Active)

CRMLS #SC169904

$200,000—
May 2, 2008

Permanently Off Market

NSBCMLS #140604

$249,950—
May 2, 2008

Sold

CLAW #SC140604MR

$210,000—
May 2, 2008

Sold

CRMLS #SC140604

$210,000—
Apr 1, 2008

Sold (Public Record)

Public Record #236323019

$210,000—
Mar 27, 2008

Pending

CRMLS #SC140604

—
Mar 27, 2008

Pending

CLAW #SC140604MR

—
Mar 13, 2008

Listed (Active)

NSBCMLS #140604

$249,950—
Mar 13, 2008

Listed (Active)

CLAW #SC140604MR

$249,950—
Mar 13, 2008

Listed (Active)

CRMLS #SC140604

$249,950—
DateEvent & SourcePrice
06/16/2025

Sold

SDMLS #PI25021064

$550,000
06/16/2025

Sold

CRMLS #PI25021064

$550,000
06/16/2025

Sold

CLAW #PI25021064MR

$550,000
06/06/2025

Pending

CRMLS #PI25021064

—
05/29/2025

Sold (Public Record)

Public Record #1882923745

$550,000

+14.4% / yr

05/15/2025

Pending

CLAW #PI25021064MR

—
05/15/2025

Pending

SDMLS #PI25021064

—
05/15/2025

Pending - Continue to Show

CLAW #PI25021064MR

—
05/15/2025

Pending - Continue to Show

CRMLS #PI25021064

—
05/02/2025

Price Change

CLAW #PI25021064MR

$565,000
05/02/2025

Price Change

CRMLS #PI25021064

$565,000
04/02/2025

Price Change

CLAW #PI25021064MR

$597,000
04/02/2025

Price Change

CRMLS #PI25021064

$597,000
03/07/2025

Price Change

CLAW #PI25021064MR

$614,000
03/07/2025

Price Change

CRMLS #PI25021064

$614,000
01/29/2025

Listed (Active)

CRMLS #PI25021064

$624,000
01/08/2025

Listed (Active)

SDMLS #PI25021064

$624,000
01/08/2025

Listed (Active)

CLAW #PI25021064MR

$624,000
09/28/2023

Sold

CLAW #SC23132584MR

$435,000
09/28/2023

Sold

CRMLS #SC23132584

$435,000
09/28/2023

Sold

SDMLS #SC23132584

$435,000
09/26/2023

Pending

CRMLS #SC23132584

—
08/31/2023

Sold (Public Record)

Public Record #1519058686

$435,000

+8.5% / yr

08/28/2023

Pending

CLAW #SC23132584MR

—
08/28/2023

Pending - Continue to Show

CLAW #SC23132584MR

—
08/28/2023

Pending - Continue to Show

CRMLS #SC23132584

—
08/28/2023

Pending

SDMLS #SC23132584

—
07/24/2023

Listed (Active)

CRMLS #SC23132584

$475,000
07/19/2023

Listed (Active)

SDMLS #SC23132584

$475,000
07/19/2023

Listed (Active)

CLAW #SC23132584MR

$475,000
08/17/2012

Permanently Off Market

NSBCMLS #187146

$188,000
08/16/2012

Sold

NSBCMLS #187146

$176,000
08/16/2012

Sold

CLAW #SC187146MR

$176,000
08/16/2012

Sold

CRMLS #SC187146

$176,000
07/30/2012

Sold (Public Record)

Public Record #336358702

$176,000

-4.0% / yr

07/17/2012

Pending

CRMLS #SC187146

—
07/17/2012

Pending

CLAW #SC187146MR

—
06/06/2012

Listed (Active)

CRMLS #SC187146

$193,000
06/06/2012

Listed (Active)

NSBCMLS #187146

$193,000
06/06/2012

Listed (Active)

CLAW #SC187146MR

$193,000
04/05/2012

Expired

CRMLS #SC169904

$200,000
11/11/2010

Expired

CLAW #SC169904MR

—
11/11/2010

Permanently Off Market

NSBCMLS #169904

$200,000
09/21/2010

Listed (Active)

CLAW #SC169904MR

$200,000
09/21/2010

Listed (Active)

NSBCMLS #169904

$200,000
09/21/2010

Listed (Active)

CRMLS #SC169904

$200,000
05/02/2008

Permanently Off Market

NSBCMLS #140604

$249,950
05/02/2008

Sold

CLAW #SC140604MR

$210,000
05/02/2008

Sold

CRMLS #SC140604

$210,000
04/01/2008

Sold (Public Record)

Public Record #236323019

$210,000
03/27/2008

Pending

CRMLS #SC140604

—
03/27/2008

Pending

CLAW #SC140604MR

—
03/13/2008

Listed (Active)

NSBCMLS #140604

$249,950
03/13/2008

Listed (Active)

CLAW #SC140604MR

$249,950
03/13/2008

Listed (Active)

CRMLS #SC140604

$249,950

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 331 Panay Street

Taxable ValueLand$382,500Additions$61,200Total$443,700
Tax Record2025$4,890 ($408 / month)
Home Facts
Beds2Total Finished SqFt442 SqFtAbove Grade Finished SqFt442 SqFtLot Size2,400 SqFtStyleSingle Family ResidenceYear Built1940ZoningR1CountySAN LUIS OBISPOAPN065-051-015

Schools near 331 Panay Street

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Del Mar Elementary School
PublicK to 5

Los Osos Middle School
Public6 to 8

Morro Bay High School
Public9 to 12

Pacheco Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Compass California, Inc.-PB, Jessica May Padilla, DRE #02130559

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.