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Listed by: Sheri D'Amico (805) 206-6328 DRE #01924542, Tim Harris DRE #02219627 | BHGRE Haven Properties (805) 592-2050
$2,995,000
Monthly Est:$14,907
8 Beds
8 Baths
4,474sqft
457 Piney Way, Morro Bay, CA 93442
$2,995,000
$14,907/moEst:
Get Pre-Approved
Duplex
Built in 2026
$-- HOA
6,300 sqft lot
$669/sq.ft
Description
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.
- Houzeo last checked: 8 minutes ago
- Listing updated: October 7, 2026 at 1:16 pm
- Source: California Regional MLS-CA | MLS#: NS26203103
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2026
HOA Fees
-
Finished Area
4,474 sqft
Lot Size
6,300 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
NS26203103
MLS Status
Active
Days on Market
2
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Interior
Cooling
Electric, Energy Star Qualified Equipment
Flooring
Vinyl
Interior Features
Ceiling Fans, High Ceilings, Quartz Counters
Appliances
Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Heating
Electric
Sewer
Public Sewer
Construction
Year Built
Year Built: 2026
Home type
Duplex
Property Condition
Under Construction
Foundation Details
Slab
Construction Materials
Stucco
Utilities & Energy
Pool Features
None
Water Source
Public
Fireplace Features
None
Utilities
Electricity Connected
Electric
Photovoltaics Seller Owned
Laundry Features
Laundry Closet, Laundry Room, Stacked
Parking Features
Garage Faces Front
Other Features
Subdivision Name
Morro Heights (810)
Community Features
Curbs, Sidewalks
Lot Features
Two To Five Units Acre
Tenant Pays
All Utilities, Cable Tv
Price History
| Date | Event | Price |
|---|---|---|
10/06/2026 Source: | Price Increased | $2,995,000 +1.53% $669/sqft |
04/30/2026 Source: | Listed for Sale | $2,950,000 -1.63% $659/sqft |
02/02/2026 Source: | Off Market | $2,999,000 -4.79% $670/sqft |
01/14/2026 Source: | Listed for Sale | $3,150,000 $704/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 07:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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