$7,410

closing credit¹

331 Panay St Morro Bay, CA 93442

$624,000
2 beds
1 full
442 sqft
0.06 acres
$1,412 / sqft
House

Property details

About 331 Panay St

Your ocean view dream home awaits! Don’t miss this rare opportunity to own a piece of beautiful coastline in highly desirable North Morro Bay. This recently renovated beach bungalow is perfect for an investment property, beach home, or the starting point for a beautifully designed custom home. With peek-a-boo ocean views from the existing single story home, the potential for breathtaking second-story views awaits. Step inside to discover a thoughtfully updated interior, featuring a 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.

Highlights

Home typeSingle Family Residence
HeatingOther, Wall Furnace
StatusActive
Size442 sqft
Lot size0.0551 Acres
Year built1940
ParkingDriveway
MLS #PI25021064
ViewMountain(s), Ocean

Summary

  • MLS Number: PI25021064
  • MLS Name: CRMLS
  • Office Name: Compass
  • Office Phone: (805) 769-8779
  • Listing Agent: Jessica Padilla

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of front of house

$624,000

331 Panay St

$7,410

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 27, 2023
Home Sold
$435,000
Aug 16, 2012
Home Sold
$176,000
May 02, 2008
Home Sold
$210,000

Tax history

YearAssessmentProperty Tax
2024$435,000$4,807
2023$208,304$2,305
2022$204,220$2,161
2021$200,217$2,126
2020$198,165$2,105
2019$194,281$2,042
2018$190,473$2,042
2017$186,739$2,002

History based on county public records data.

Nearby schools

5

Del Mar Elementary School

Public District KG-6

0.5 mi

501 Sequoia St

6

Baywood Elementary School

Public District KG-6

5.5 mi

1330 9th St

8

Monarch Grove Elementary School

Public District KG-6

6.2 mi

348 Los Osos Valley Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $80,227. Residents of Morro Bay, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

12%
<35k
52%
35k-100k
26%
100k-200k
10%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

41%
Single, No Kids
9%
Single, with Kids
35%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
5%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
21%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • PGA/LPGAPGA/LPGA
  • College FootballCollege Football

Where do the neighbors shop?

  • BJs Wholesale ClubBJs Wholesale Club
  • Stein MartStein Mart
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • PaneraPanera
  • Cracker BarrelCracker Barrel
  • Bob EvansBob Evans

What do the neighbors drive?

  • InfinitiInfiniti
  • LexusLexus
  • LincolnLincoln

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • OldiesOldies
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 331 Panay St

This home is located at 331 Panay St in Morro Bay, CA and zip code 93442. This 442 square foot home, which was built in 1940, sits on a 0.06 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 29, 2025 and is currently priced at $624,000.

While more than 1 listings in Morro Bay, CA in January 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. The number of listings in Morro Bay, CA decreased by 7% between December and January 2025. The median list price of listings available in January 2025 was $950,000, while the average time on the real estate market was 49 days.

From Rocket Homes Real Estate and based on county public records data.

More resources