51 South Ocean Avenue

Cayucos, CA 93430

$5,800,000
Price
6
Beds
7
Baths
3,748 Sq. Ft.
$1,547 / Sq. Ft.
3,748
Sq. Ft.
$1,547
per Sq. Ft.

Description

Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique...Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.
  1. Listed by Frankie Ciano • DRE #01412309 • Brokerage DRE #01937353 • Ciano Real Estate, Inc. • 805-748-1026

Property Details for 51 South Ocean Avenue

Architectural Style
Spanish
View
Ocean
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Ciano Real Estate, Inc., Frankie Ciano, DRE #01412309
Add your commute
LISTING UPDATED: 02/21/2024 10:41 PM

Property Details for 51 South Ocean Avenue

StatusActive
MLS #SC24035889
Days on Market68
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1938
Lot Size0.23 AC / 10,019 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Ciano Real Estate, Inc., Frankie Ciano, DRE #01412309
Add your commute

Building Information for 51 South Ocean Avenue

Stories1Year Built1938Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$33,087 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,653

Property Taxes

$1,434

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 51 South Ocean Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: See Remarks
  • Main Level Bathrooms: 7
  • Main Level Bedrooms: 5
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
Exterior Features
  • Window Features: Insulated Windows
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Rain Gutters
  • Roof: Spanish Tile
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Block, Brick, Wood
  • Structure Type: House
  • Other Structures: Guest House Detached
  • Property Condition: Turnkey
  • View Description: Ocean
  • Waterfront Features: Ocean Side Of Highway 1
  • Patio: Yes
  • Patio: Covered
  • Patio And Porch Features: Covered, Front Porch
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Corner Lot
  • 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
  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage - 2 Car, RV Possible
  • Parking Non-Garage: Driveway
  • Parking Garage Spaces: 2
  • Parking Garage: Garage - Two Door
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Driveway, Gravel, Garage - Two Door, RV Potential
Property / Structure Info
  • Builders Tract Name: Town of Cayucos
  • Builders Tract Code: Town of Cayucos(540)
  • Architectural Style: Mediterranean/Spanish
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 51 South Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 51 South Ocean Avenue

Taxable ValueLand$765,000Additions$785,200Total$1,550,200
Tax Record2023$17,210 ($1,434 / month)
Home Facts
Total Finished SqFt1,176 SqFtAbove Grade Finished SqFt1,176 SqFtLot Size10,019 SqFtStyleHotel / MotelYear Built1948ZoningCRCountySAN LUIS OBISPOAPN064-125-040

Schools near 51 South Ocean Avenue

This home is within Cayucos Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Rating
School
Distance
Cayucos Elementary School
PublicK to 8

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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51 South Ocean Avenue is a single family home for sale in Cayucos, CA 93430. This property was listed for sale on February 21, 2024 by Ciano Real Estate, Inc., it's currently listed at $5,800,000. It has been on the market for a total of 68 days and was last sold on July 20, 2021. This listing's school district is Cayucos Elementary School District. Nearby schools include Cayucos Elementary School. 51 South Ocean Avenue is a 6-bed, 7-bath, 3,748 sqft single family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ciano Real Estate, Inc., Frankie Ciano, DRE #01412309

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.