Listing by: Frankie Ciano, Ciano Real Estate, Inc., 805-748-1026
6 Beds
7 Baths
3,748 SqFt
Active
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.
Property Details | ||
---|---|---|
Price | $5,800,000 | |
Bedrooms | 6 | |
Full Baths | 1 | |
Half Baths | 0 | |
Total Baths | 7 | |
Property Style | Spanish | |
Lot Size Area | 10019 | |
Lot Size Area Units | Square Feet | |
Acres | 0.23 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 1 | |
Exterior Features | Rain Gutters | |
Year Built | 1938 | |
Subdivision | Town of Cayucos(540) | |
View | Ocean | |
Roof | Spanish Tile | |
Waterfront | Ocean Side Of Highway 1 | |
Lot Description | Corner Lot | |
Laundry Features | Common Area | |
Pool features | None | |
Parking Description | Driveway,Gravel,Garage - Two Door,RV Potential | |
Parking Spaces | 2 | |
Garage spaces | 2 | |
Association Fee | 0 | |
Geographic Data | ||
Directions | On South East corner of Pacific and Ocean, East side of the road. Enjoy! | |
County | San Luis Obispo | |
Latitude | 35.447366 | |
Longitude | -120.900751 | |
Market Area | CAYU - Cayucos | |
Address Information | ||
Address | 51 S Ocean Avenue, Cayucos, CA 93430 | |
Postal Code | 93430 | |
City | Cayucos | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Ciano Real Estate, Inc. | |
Listing Agent | Frankie Ciano | |
Listing Agent Phone | 805-748-1026 | |
Buyer Agency Compensation | 2.000 | |
Attribution Contact | 805-748-1026 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
School Information | ||
District | San Luis Coastal Unified | |
MLS Information | ||
Days on market | 22 | |
MLS Status | Active | |
Listing Date | Feb 21, 2024 | |
Listing Last Modified | Feb 22, 2024 | |
Tax ID | 064125040 | |
MLS Area | CAYU - Cayucos | |
MLS # | SC24035889 |
This information is believed to be accurate, but without any warranty.