Active
51 S Ocean Avenue
Cayucos CA, 93430
$5,800,000
$1,547.49 per sqft
Active
6 Beds
5.5 Baths
3,748 sqft
Residential
Built in 1938
Listed by Frankie Ciano with Ciano Real Estate, Inc. 805-771-9779
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.
SC24035889
MLSⓇ ID
February 21, 2024
Listed
March 28, 2024
Updated
Map
51 S Ocean Avenue
Cayucos CA, 93430
Interior Features
Total Stories
1
Bedrooms
6 Beds
Bathrooms
5.5 Baths
Laundry Description
Common Area
Fireplace
Yes
Fireplace Description
Living Room
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.23 Acres
Exterior Features
Rain Gutters
Lot Features
Corner Lot
Architectual Style
Spanish
Roof
Spanish Tile
Sewer
Public Sewer
School Information
School District
San Luis Coastal Unified
Other Property Details
Area Name
CAYU - Cayucos
Days on Market
1
Garage
Yes
Garage Spaces
2
Parking
Door-Multi, Driveway, Garage, Gravel, RV Potential
Parking Total
2
View
Yes
View Description
Ocean
County
San Luis Obispo
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Buyer Agency Compensation
2%
Listing Contact: 805-771-9779
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:34 PM UTC